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Bodog Refutes Forbes.com Editorial.

July 31, 2008

Alwyn Morris Defiantly Challenges Forbes.com Story.

Bodog Life recently had $24 million in funds seized from US bank accounts according to a story published on Forbes.com.

However, Alwyn Morris, who is the operations director for the Morris Mohawk Gaming Group that runs Bodog out of Canada, refuted the story just hours after its publication.

“(The) seizure of funds from these US payment processors was mischaracterized in this article, which refers to two specific legal cases against US processors,” said a statement released by Morris. “The first of these cases - relating to a seizure of funds from a processor known as JBL Services - happened some time ago and has absolutely nothing to do with the current payment processing challenges being experienced in the US. The constraints being experienced by payment processors in the US are universal in that region and not specific to any particular processor or site.”

It is unclear what will happen from here considering the story just broke.

What is clear is why hundreds of thousands of US players haven’t received their cashouts from Bodog.

Some players have gone more than 40 days without receiving a dime of their cashouts - and the Forbes story might shed some light on it all.

We’ll be reporting on this story as we learn more information about it.  Good luck to all those still looking to receive their cashouts soon and in a very timely way.

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