Bodog CEO Disputes Forbes.com Gambling Story In Released Statement

Forbes.com broke a story yesterday that claimed that millions of dollars were seized by authorities from bank accounts that were dealing with the online gambling site Bodog. The company has now released a statement that is disputing the article.

The CEO of Morris Mohawk Gaming Group (Bodog Life) is trying to set the record straight on the story that was released by Forbes.com. In the statement today, the CEO claims that "the seizure of funds from these US payment processors was mischaracterized in this article, which refers to two specific legal cases against US processors."

In the statement the CEO also outlined the two separate cases in which funds were seized. In one, the company claims that seizure of funds from JBL Services happened a long time ago, and had nothing to do with the other case.

The other one, which is the one in which there was a seizure of bank accounts in Nevada, is the one that the CEO disputes in the Forbes story. "The article falsely implies-but notably does not go as far as to state-that $9.9 million seized from Zippayments Nevada bank accounts were funds on account for "Bodog". This is simply false," said the statement.

Alwyn Morris, the CEO who responded through the statement also assured their customers that deposits remain safe at Bodog, and that, "every player has and will always be paid."

July 31, 2008
Posted By April Gardner
Staff Editor, CasinoGamblingWeb.com
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