PayPal accused of violating Patriot Act

Advertisement (Why?)

A federal prosecutor has alleged eBay Inc. unit PayPal violated a 2001 anti-terror law aimed at fighting money laundering when it provided payment services to online gambling companies, the Web auctioneer said in its annual report filed Monday.

Silicon Valley-based eBay said it received a letter Friday in which the U.S. Attorney for the Eastern District of Missouri accused PayPal of violating a provision of the USA Patriot Act. The provision prohibits the transmission of funds that are known to have been derived from a criminal offense, or are intended to be used to promote or support unlawful activity.

The prosecutor also said the company could be forced to forfeit the money it received in connection with the alleged illegal activity and that it could also be criminally liable.

EBay said in its annual report that PayPal acted in the good faith belief that its conduct was not in violation of the anti-terror law. Kevin Pursglove, eBay's spokesman, told Reuters the company's lawyers were reviewing the letter.

Congress passed the Patriot Act one month after the September 11, 2001 attacks on New York City and the Pentagon. The legislation broadened law enforcement powers, especially to combat money laundering that is believed to help finance terror attacks.

News source: CNN

Note: We ask users don't request for cracks, keys or how/where to get this, thank you.

(3 replies) #1 mhtndm on 07 Apr 2003 - 16:29

Wow this was late breaking news when it was new 2 weeks ago. Way to recycle old news.

#1.1 Spyder on 07 Apr 2003 - 18:12

[neoquote=#1.0 by mhtndm]Wow this was late breaking news when it was new 2 weeks ago. Way to recycle old news.[/neoquote] that news is dated April 1st on CNN, so this article is less than a week old. where are you getting 2 weeks?

#1.2 btallack on 07 Apr 2003 - 20:00

Theres a few people on here that say that about damn near every news article.

#1.3 Octol on 07 Apr 2003 - 21:31

So TFW it's old news? You can't use a scroll bar?

(4 replies) #2 tronmaster on 07 Apr 2003 - 18:35

How many people think that the Patriot Act is the worst law Congress ever passed without thinking it through?

#2.1 nacs on 07 Apr 2003 - 18:44

Me definitely. I don't know how the hell that thing got passed but the things it allows the government to do are unconstitutional and quite simply a lot of bull.

#2.2 TC17 on 07 Apr 2003 - 23:32

[neoquote=#2.1 by nacs]Me definitely. I don't know how the hell that thing got passed but the things it allows the government to do are unconstitutional and quite simply a lot of bull.[/neoquote] I agree. Our goverment has totally used this whole 911 thing as an excuse to bypass many of our rights and are totally abusing their power. Ashcroft literally writes his own laws as he goes along. There was a commercial about him portraying him crossing out parts of the Constitution with a marker, and writing in his own words, I thought that was funny, and definitely the truth (not funny in real life though).

#2.3 tHaCuBe on 08 Apr 2003 - 13:43

i dont know about you guys, but i dont want terrorists running around this country without laws like this against them.

#2.4 Guspaz on 08 Apr 2003 - 14:10

Yes, we must stop the terrorists over at PayPal from running around the country. They are bad, bad men, and must be stopped! They will use their bank-like service to take over the world, after all.

(1 reply) #3 jago6498 on 07 Apr 2003 - 19:22

Hey I'm glad to see PayPal getting in trouble...those F'CKERS stole $70 from me last year when something I sold on eBay was bought by someone with a fraudulant credit card. They wanted information from the transaction like 6 months after the sale was finished ([U][B]INCLUDING[/B][/U] the UPS Tracking Number)... ...F'CKERS...[B]ARGH!!![/B]

#3.1 bluebsh on 07 Apr 2003 - 22:37

you too huh? I had someone convince PayPal i never shipped an item to them, they charged me $20 outa my account, and said i never shipped it, well, UPS only keeps tracking numbers on record for so long, and when they got my tracking number for it they said it doesnt exist... well duh.. UPS system took it out after so long, and yet i have a printed copy saying "delivered" and they wont accept that as proof, so im out $20

#4 tronmaster on 07 Apr 2003 - 21:48

Actually, on to the subject. Paypal does suck. It makes money and it's not a frickin' bank. So your money aint insured *blah* *blah* *blah*.

Commenting has either been disabled on this article or you are not logged in. Click here to login or register, its free!

Note: Anonymous commenting is disabled in order to keep the quality of responses to a high standard.

Neowin.net