| Optimal Group announced that it has entered into a non-prosecution agreement with the Office of the United States Attorney for the Southern District of New York. Under the terms of the non-prosecution agreement, a total of $19,182,418.18 will be forfeited to the United States by the Company and its subsidiaries, as disgorgement of property involved in and proceeds received from the payment processing services that were provided by the Company's subsidiaries to Internet gambling merchants in relation to U.S. customers of such merchants. Optimal and the U.S. Attorney's Office have agreed that the $19,182,418.18 previously seized, which is presented as restricted cash on the Company's consolidated balance sheets, shall be applied to satisfy the forfeiture obligation. :theflyonthewall.com |
