Avoid Bank Wires at all costs

bigloser · 02-22-2007, 03:47 PM

Got this yesterday from my bank, they suggested avoiding all $US bank wires in respect of gambling transactions.

Need to keep who it was sent to confidential for a few days until I have sorted a few things out.

""Dear Mr J

I would like to inform that the funds that have been sent to ********, on the 23.01.07 have been held to a court order served on JP Morgan Chase by the United States Attorney Office and JP Morgan chase is unable to release the funds.

We have sent a letter to you with the above explained.

Should you require any further details, please do not hesitate in contacting us.

My Best Regards
Customer Service Representative
**************************************** **************************************** **********************
HSBC Bank International Limited''

bigloser · 02-22-2007, 03:48 PM

Amount was $10000, dont know if this may have triggered something but advice is to avoid ALL wires in $US

Korchnoi · 02-22-2007, 03:50 PM

the world is ending. this is nuts. like watching a movie.

goldengoat · 02-22-2007, 04:06 PM

this is ****ing gay bullshit

home of the free????? bullshit!!!!

vanzack · 02-22-2007, 04:18 PM

Please keep us updated.

This is obviously very important.

increasedodds · 02-22-2007, 04:42 PM

JP Morgan Chase blocked a bank wire to me as well, but returned the funds to the sender. They then sent it again with a different intermediary with no problem.

The bottom line is this. Bank in a more favorable climate. I've yet to have one issue at all since deciding to bank in a nicer place.

Sean

pags11 · 02-22-2007, 04:47 PM

this is the first I've heard of something like this...definitely not good...

BigDog · 02-22-2007, 05:12 PM

Damn-it,I'm waiting on 2 bank wires now!

SBR_John · 02-22-2007, 07:49 PM

WTF?!

Why?

bigloser · 02-22-2007, 09:39 PM

HSBC advise me that all $US transactions will go through the US. That this is the same for all banks. $US stay in the US, everything at banks outside US in $US are "just accounting entries".
The money was sent from HSBC UK it then had to go to HSBC US (a subsidiary of HSBC) then to JP Morgan Chase then to the recipients bank outside the US. It doesnt matter where your bank is domiciled if the transaction is in $US.
I sent 3 transfers on the same day. $3000 to Tradesports got there no problem. $10000 to Neteller went AWOL as did the $10000 mentioned above.
Both Neteller and the book above are being very responsive to my discussions and I am hopeful things will end OK.
Will not be sending any more $ payments though. Will change everything to sterling.

Wild Reet · 02-22-2007, 10:10 PM

I would keep wires and checks under $5000, money orders from MSBs under $3000, and WUs under $2000. These are the SAR thresholds.

Don't do more than one or two a month. This is to avoid the appearance of structuring or other so-called suspicious activity.

bigloser · 02-22-2007, 10:36 PM

I wouldnt send anything at all. Its nothing to do with reporting

Dark Horse · 02-22-2007, 10:43 PM

Use cashier checks and Fedex.

Stay under the radar.

vanzack · 02-22-2007, 10:44 PM

Wait a minute. This is so confusing.

Are you in the UK? I read your post (#10 in this thread) 5 times and I cant make sense of it.

Where are you, where did you try to initiate the bank wire, and where was it going?

Try to explain in clear english, unless I am the only one it is very hard to understand what happened here.

bigloser · 02-22-2007, 10:45 PM

Its over for $US gamblers unless the law is repealed.

bigloser · 02-22-2007, 10:46 PM

Although the banks are pissed at the moment. They hate this law. Wonder how much lobbying power they have ?

vanzack · 02-22-2007, 10:49 PM

Where are you, where did you try to initiate the bank wire, and where was it going?

bigloser · 02-22-2007, 10:53 PM

Quote:

Originally Posted by vanzack

Wait a minute. This is so confusing.

Are you in the UK? I read your post (#10 in this thread) 5 times and I cant make sense of it.

Where are you, where did you try to initiate the bank wire, and where was it going?

Try to explain in clear english, unless I am the only one it is very hard to understand what happened here.

Went from UK through US and was supposed to end up in a 3rd country. There was no need, or so I thought it , that it should go through US. My transfer was from the UK bank to the books offshore account. My bank and the books bank both use agent banks in the US to process the transaction. It just so happens that in HSBCs case the agent was another HSBC subsidiary. The books bank used a none related US agent.
Money was snatched at the books banks US agent

bigloser · 02-22-2007, 10:54 PM

Quote:

Originally Posted by vanzack

Where are you, where did you try to initiate the bank wire, and where was it going?

**** you