Bodog Continues to Frustrate Vendors, Players | Gambling911.com: "Bodog Continues to Frustrate Vendors, Players
Submitted by C Costigan on Sun, 08/31/2008 - 18:57.
Bodog
Stories of Bodog refusing to honor contracts with vendors and advertising vehicles continued to surface over recent days with a number of affiliates complaining to Gambling911.com.
Affiliates, while still receiving installment checks from Bodog (BodogLife.com) were complaining that 'customer conversions were way down' and that the company was changing its payment terms without notice.
The troubled online gambling firm - once a powerhouse among Gambling911.com sponsors - was taken down from the site last week. It has been unable to process payments to and from gamblers since Forbes reported that bank accounts were seized from the US Government over the last six months.
According to the article on Forbes.com, $24 Million in funds has been seized by the US government over the past six months, funds the feds claim are in bank accounts used to fund operations and make payments to US-based customers of Bodog. Court documents obtained by Forbes cite that the seizures began in January of this year, and had continued through July.
'Processing is an issue industry-wide,' a source tells Gambling911.com. 'But in the case of Bodog, nobody (the processors) wants to do business with t"
