12 year investigation leads to sports betting ring bust

The Dallas News has reported a major bust of an illegal sports gambling ring in North Texas.

A team consisting of police forces and federal agents began investigating the operation in 2001 when the Plano Police Department was given an anonymous note naming somebody involved in "a significant gambling operation."

The investigation lasted more than 10 years and involved undercover work with an officer making small bets which gradually increased over time.

According to the article, the group of retired business execs and bookies collected more than $5 billion in sports bets over a four-year time frame.

Per the article:



The group of individuals set up a company called Global Internet Corporation which was operated out of Curacao, and handled 25 different sports betting websites. The company was established din 2002 and estimates are that it generated roughly $200 million in earnings from January 2007 through February 2011.

The ring was led by a Southlake businessman named Albert Reed, Jr.

A second excerpt reads:



The Plano Police Department will take home about $4.8 million from the case, which Police Chief Gregory Rushin says will go towards "new equipment and facilities."

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Posted by SoCal311
10 months ago

It just goes to show how friggin stupid our government is. How senseless they are to throw $$$ down thedrain
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Posted by Fieldsetters
10 months ago

This is exactly why I don't pay attention to anything that goes on outside of sports what a crime to piss all that time away and oh money to the good ole gov at work
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Posted by wiseguy43
10 months ago

What a joke!!!! Someone should have said that this was a very stupid idea from the get go and not even waste their time or our tax payers money to run an operation so stupid! I don't even know if you were on that task force how you could even see this as a win!!!!
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Posted by damonte
10 months ago

Exciting and dangerous police work. Maybe they can make a TV series or movie about this investigation. The climax would come when the brave officers thwart a crazed bookie who unsuccessfully attempts to stab one of them with a dull pencil.
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Posted by 2ndHalfChas
10 months ago

Sure, the fact that this same business operation would be on the Inc 500 if it were operated in any of the states with legalized gambling shows the ignorance of the current situation but the waste of man power and public money combined with the lack of understanding to the loss of revenue for the local economy in the form of any taxes on not only the wagering activity but the food, drink, rent and all the other normal business expenses of a Billion $$ enterprise all which would have trickled through the Plano cash registers and not sent to Curacoa would make the $4.8 million that they're all giddy about seem like piss away play money and that fact makes this most recent incident go way beyond ignorant leaning towards rude and disrespectful and for a tax payer like myself right on the edge of immoral. Who would have ever thought that Christie would become a politician to look up to!
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Posted by tomnolan
10 months ago

what a farce--18 people prosecuted and only the ring leader gets a year and a day--wow just another reason why sports betting should be legal in every state!!!
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Posted by mrsc328
10 months ago

Wow
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Posted by Chiefthechief
10 months ago

12 years of work so they could steal his money- wonder y so long????
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Posted by sports_Network
10 months ago

I am sure Albert Reed Jr would do it all over again, and again (as would many) "one year in prison" doesn't even warrant a slap on the wrist in comparison to the 'millions' he has made over the past decade of service...what a farce; by the Plano (?) Police Department, and the USDJ...or the hard earned tax payers money which was spent to put one man behind bars for one year who headed an organization that booked $200 milion between 07 to11; congratulations big AL, see you next summer!
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Posted by nc1capper
10 months ago

Plano blows
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Posted by Joehawk
10 months ago

The incredible ridiculous waste of time and money boggles the mind. But here's the real reason: The cops are in it for the cash--they just operate under the legal authority to do whatever they want and add to their power... From the article: At a news conference Thursday, authorities proudly displayed their bounty. The meeting room at the Plano Police Department was lined with jerseys, golf shirts and helmets signed by famous athletes, including Earl Campbell, Tom Brady and Dirk Nowitzki. Also displayed were photos of gold pieces, bags of cash and luxury condominiums in Dallas and Las Vegas. Those items will be auctioned off, with the proceeds going back to the investigating agencies. The Plano Police Department alone will get about $4.8 million from the case. That money can’t legally be spent on the operating budget. Rushin said it will likely go toward new equipment and facilities. It’s a windfall for a department that spent years chasing down the operation, he said.
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Posted by doggydog
10 months ago

Between the war on marijuana, gambling and other countries, the US has lost!!! tell your politicians to speak up for the people and not the corporations who feed off the backs of hard working Americans, tell them to stop spending your hard earned tax money...
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Posted by SylvioDante
10 months ago

I wonder how much taxpayer money was spent to conduct this 10 year investigation? Theres a couple of murders a day in Chicago and more than 10 million illegal immigrants crossed the border in the same state during the time that this 10 year investigation was held in. Glad the US government has its priorities straight.
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Posted by earthWake
10 months ago

so 10 years of undercover work to bust 1 guy who was providing a service of which there was demand.. WELL DONE POLICE!!!
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Top Response

Posted by sports_Network
10 months ago

" I am sure Albert Reed Jr would do it all over again, and again (as would many) "one year in prison" doesn't even warrant a slap on the wrist in comparison to the 'millions' he has made over the past decade of service...what a farce; by the Plano (..."