In a 34 count indictment brought by Utah District Attorney, Brett Tollman, online payment processors Hill Financial Services, Gateway Technologies and CurrenC / CurrenC Worldwide along with gambling portal Betus.com have been charged with attempting to disguise the fact that some $150 million in transactions were tied to gambling.

As of October of last year, the Unlawful Internet Gambling Enforcement Act made it illegal for U.S. financial institutions to process online gaming transactions. You can find further details on the payment processor indictment right here. Seven individuals were also charged, including:

Baron Lombardo, 46, of Las Vegas
Richard Carson-Selman, 51, of Las Vegas
Henry G. Bankey, 49, of Las Vegas
Francisco Lombardo a.k.a. Frank Lombardo, 52, of Las Vegas
Count C. Lombardo, 43, of Las Vegas
Tina I. Hill, 32, of Sandy, Utah and Las Vegas
Kimberlie Lombardo a.k.a. Kittie Lombardo, 43, of Las Vegas

...details via Yahoo.

-- MDT

Labels: gambling, online gaming, payment processing