Nope. It suggests nothing of the sort.
If I fly over to the Isle of Man, walk into PS's or FTP's accounting dept., give them some cash, fly back here and log on to play, I'm still technically NOT breaking US law. No matter how you shake it, it's about HOW accounts get financed and these guys tried to put one over on the US Government. To start, try googling the Sun Trust Bank in Utah. Read about how they bribed the execs into processing for them. When the Feds found out about that, they felt they just had to act.
This part is my opinion: If legit (and prob. expensive) processing methods were used, the Feds most likely would have let it go long ebough for things to get legalized.