Daniel Negreanu's Bank Woes

Daniel Negreanu's Bank Woes

Thursday, 31 December 2015

Despite being one of the world’s most successful poker players with career earnings of well over $32 million, Daniel Negreanu has seemingly run into a bit of trouble with his bank.

The PokerStars-sponsored pro recently tweeted that Bank Of America had closed his account just before Christmas with little explanation.

“Apparently Bank Of America no longer wants my business. They are closing all my accounts because I put too much money in them from poker,” Tweeted the Canadian on December 22.

Several other members of the poker community including Haralabos Voulgaris, Doug Polk and Ankush Mandavia went on to communicate similar experiences while Negreanu laid the blame for the closure firmly at the feet of the US Department Of Justice and its controversial Operation Choke Point initiative of 2013.

Disclosed following investigations by The Wall Street Journal and the St Louis Post-Dispatch newspapers, Operation Choke Point allegedly involves the US Government investigating banks and the business these institutions do with pay-day lenders, payment processors and other concerns believed to be at higher risks for fraud and money laundering. The initiative reportedly often sees banking services terminated without due process or any proof that the law has been violated.

Negreanu’s financial problems didn’t stop there as the Toronto-born pro subsequently communicated that one of his credits cards held through MasterCard had been cancelled.

“MasterCard just cancelled my credit card for no reason whatsoever…and I’m rich. How dumb are they? Haha,” Tweeted the 41-year-old.

Tags: Daniel Negreanu, Haralabos Voulgaris, Doug Polk, Ankush Mandavia, Operation Choke Point, MasterCard, Bank Of America