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U.S. Conspiracy Nets Canadian Payment Processor

Author: Anton Johan

Unless you've been hiding in an oxygen tent in your basement to escape from the N1H1 virus (that's swine flu for those of you who don't Twitter) for the last few weeks, you'll have heard about a Canadian called Douglas Rennick. Nope, Doug is not a lascivious lumberjack, a manic maple syrup salesman or the closet vegetarian president of the Manitoba chapter of the Baby Seals Are Tasty Society (BSATS). Doug is in a whole lotta trouble is what Doug is.

It seems that a couple of years ago, he took it upon himself to start 'helping' some of his neighbours to the south (in the US of A) to fund their favourite offshore online gambling accounts with the assistance of American banks. Now I know what you're thinking, what a nice thing to do, right? Well it would've been if not for one teeny weeny little problem - it seems the U.S. government passed a law a few years ago making it illegal for U.S. banks and other financial institutions to process online gambling-related funds for American citizens.

Uhoh.

But to get around that annoying law, clever clogs Dougie lied to various U.S. banks by opening a series of accounts that appeared to be non-gambling related. So using these accounts American online gambling fans could in effect move cash out of the U.S. and fund their favourite online casinos, poker rooms and sport betting site etc. And this continued until very recently, when U.S. authorities got wind of the situation and cracked down on the good Samaritan Canadian, Mr. Rennick.

Although truth be told, the U.S. government doesn't quite see him as such a good Samaritan, as someone out to help those less fortunate than himself or as an enterprising 'online gambling payment processing entrepreneur'. Nope, they see Doug as a big time criminal, as a fraudster, as a liar and as a cheat. In fact U.S. authorities have accused the 34-year-old with bank fraud, money laundering and illegal gambling. If convicted, he could face up to 55 years in federal prison and US$1.75 million in fines.

Ouch.

Now to the conspiracy part. I don't believe the U.S. persecution of Douglas Rennick has anything whatsoever to do with flouting draconian, unconstitutional and prohibitionist laws in America, or because he succeeded in processing over $350-million for American online gambling fans under the fat noses of U.S. authorities. No siree, I think they went after him simply because he is Canadian! Pass the maple syrup.