PayPal and Patriot Act

[Dave Farber <dave () farber net>]

------ Forwarded Message
From: Liudvikas Bukys <bukys () cs rochester edu>
Date: Mon, 31 Mar 2003 15:48:33 -0500 (EST)
To: dave () farber net
Cc: bukys () cs rochester edu
Subject: PayPal and Patriot Act

http://www.fool.com/news/mft/2003/mft03033106.htm
[Motley Fool]:

    Online auctioneer eBay (Nasdaq: EBAY) revealed in its 10-K
    filing that it received a letter from the Missouri attorney
    general three days ago claiming its PayPal unit violated the
    USA Patriot Act. Say what?

    Quick background: PayPal stopped processing payments for online
    gambling merchants last November, giving up business that
    accounted for 6% of its revenue in 2002. Prior to that, it
    settled with the New York attorney general for $200,000,
    presumably for facilitating some transactions involving illegal
    gambling.

    ...


------ End of Forwarded Message

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