Guam - Owners of numerous bank accounts that were frozen by the federal government for suspicion of being used to launder money gained from illegal gambling are not opposed to an additional 90-day restraining order. Stipulations were filed in the district court on behalf of the owners of various bank accounts including the Overseas Chinese Association center, MGM Spa, Jimmy Hsieh, and Betsy Tang.

The federal government is investigating the source of funds deposited into the accounts as they believe proceeds from illegal gambling were deposited into them.  Earlier this year federal authorities executed search warrants at several establishments run by the members of the Overseas Chinese Association Center. 

Meanwhile, the federal government has asked the court to hold a hearing for one bank account owned by Wai Kam Ho. Because he has just returned to Guam, the government has asked that he appear before the court to state whether he opposes a 90-day restraining order on one of his bank accounts.

Just last week his attorney argued against continuing the TRO on another of his accounts saying his client should have access to his money.