U.S. Seeks Gaming Records from U.K. Investment Banks

Reports that the U.S. Department of Justice has subpoenaed gaming documents from a number of prominent investment banks have caused an uproar in the U.K. business world. The subpoenas, which appear to be the latest move in a coordinated U.S. campaign against Internet gaming, follow the arrests of gaming company executives and more recently the arrest of two people connected with an online payment processor allegedly used for gaming payments. In addition to withering criticism from the U.K. business community, the U.S. subpoenas have drawn a barrage of complaints from U.K. political figures upset about recent U.S. assertions of extraterritorial jurisdiction in white collar criminal cases … [more]