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Author:	[Gaming Industry - US] Topic: Feds arrest online gambling
AFNfootballnerd	View Space \| Friends \| Playbook \|
Prospect Joined: Nov 2012 Posts: 362 Location:	#1 Posted: 2/15/2013 11:27:48 AM http://m.hawaiinewsnow.com/ms/p/a3/55/view.m?id=124279&storyId=21203581&news=Top%20Stories&news2=Main Is this foreal? Kinda scares me....
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AFNfootballnerd	View Space \| Friends \| Playbook \|
Prospect Joined: Nov 2012 Posts: 362 Location:	#2 Posted: 2/15/2013 11:29:31 AM EXCLUSIVE: Feds crack down on online betting By Rick Daysog Federal authorities are cracking down on illegal online sports betting in Hawaii. Hawaii News Now has learned that about two dozen isle residents are being charged or being arrested in the probe, which centers on bets made with offshore Internet sites. An attorney who represents several of those targeted said her clients had always believed that online betting was legal. "This is something that people in Hawaii have been doing in Hawaii for a very long time .. forever. It includes business people, doctors, law enforcement, sales people, all kinds of people," said lawyer Megan Kau. "Nobody would have guessed that it would come to something like this." One of the first to be charged is Honolulu resident Terrence Ching. Ching pleaded guilty today to one count of making illegal bets and one count of filing a false tax return. Prosecutors say Ching handled millions of dollars in online bets by acting as a go-between -- or bookie -- of Internet gaming sites based in Costa Rica. His case provides a rare glimpse into the amount of money the business involves. According to a criminal complaint, federal authorities seized nearly $30,000 in cash from Ching's bank account and another $330,000 that he stashed in his home. They also seized an assortment of semi-automatic handguns and rifles, designer gold and diamond jewelry and at least five Rolex watches and confiscated $245,000 in monetary judgements -- or markers -- representing his gambling wins. "People in Hawaii like to bet," said retired FBI agent Hilton Lui. Lui said Internet gambling is especially addictive because it is so easy to do. "If you were to go on Google, they would list the top sites. Some of those are Bovada, Topbet, Wagerbet," he said. Ching faces up to two years in jail for the gambling charge, and three years for the tax charge. His sentencing is scheduled in June.
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rogers12	RSI View Space \| Blog \| Friends \| Playbook \| My Sportsbook: BookMaker \|
Veteran Joined: Sep 2002 Posts: 3796 Location: New Hampshire	#3 Posted: 2/15/2013 12:26:45 PM was there a trial??? i see arrested than sentencing. am i missing something?
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AFNfootballnerd	View Space \| Friends \| Playbook \|
Prospect Joined: Nov 2012 Posts: 362 Location:	#4 Posted: 2/15/2013 12:56:38 PM Well his lawyer is using the... My client thought it was legal defense...so I assume there was a trial...but this kinda scares me...
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tampaman	View Space \| Blog \| Friends \| Playbook \| My Sportsbook: Mandalay Bay \|
Prospect Joined: Mar 2011 Posts: 110 Location: Florida	#5 Posted: 2/15/2013 12:59:52 PM there's more to that story guns and etc he did something else that lead to that bust.
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AFNfootballnerd	View Space \| Friends \| Playbook \|
Prospect Joined: Nov 2012 Posts: 362 Location:	#6 Posted: 2/15/2013 1:04:03 PM Said faces 2 years for gambling charge...wtf?
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MAC316	RSI View Space \| Blog \| Friends \| Playbook \|
Veteran Joined: Dec 2005 Posts: 1004 Location: Virginia	#7 Posted: 2/15/2013 3:31:57 PM he wasn't just making bets, he was a go between, obviously taking money and bets and so on and so forth. He obviously wasn't just a recreational gambler, it was a business type thing so just relax, no need to get in a big stir over nothing
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Qncyk1	View Space \| Friends \| Playbook \|
Rookie Joined: Aug 2011 Posts: 900 Location: Mexico	#8 Posted: 2/15/2013 5:58:59 PM he was a bookie doing millions of dollars in book action. he was just using the online offshore accounts to make juice and middle bets. hes doing 1000000/year and doing five percent commision hes making a comfortable living.
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kdawgy	View Space \| Friends \| Playbook \|
Veteran Joined: Nov 2007 Posts: 1461 Location: United States	#9 Posted: 2/15/2013 6:00:58 PM Yeah, it sounds like he was acting as a bookie. And then tried to say he didn't think he was breaking the law because he was placing the bets with an online site. But taking action (collecting money for bets) is illegal in almost every state in the US.
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MAC316	RSI View Space \| Blog \| Friends \| Playbook \|
Veteran Joined: Dec 2005 Posts: 1004 Location: Virginia	#10 Posted: 2/15/2013 7:58:49 PM Exactly Kdawgy
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wizardofroz	View Space \| Blog \| Friends \| Playbook \| My Sportsbook: BetJamaica.com \|
Captain Joined: Oct 2004 Posts: 5290 Location: Kentucky	#11 Posted: 2/16/2013 3:49:41 AM Better call Saul!
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josbran	RSI View Space \| Friends \| Playbook \|
Veteran Joined: Oct 2003 Posts: 1588 Location: United States	#12 Posted: 2/16/2013 9:22:10 AM It's all about tax evasion nothing more. Everyone cool down and make your bets today!!
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gentleman131	View Space \| Blog \| Friends \| Playbook \|
Prospect Joined: Jan 2013 Posts: 13 Location:	#13 Posted: 2/16/2013 9:28:24 AM When you make it bigtime like he did then yeah watch out they will come after you because they knew he had money to confiscate
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gentleman131	View Space \| Blog \| Friends \| Playbook \|
Prospect Joined: Jan 2013 Posts: 13 Location:	#14 Posted: 2/16/2013 9:35:44 AM No one on here has anything to take so they aren't coming after you confiscating 300000 pays for there time
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billyloco	RSI View Space \| Blog \| Friends \| Playbook \| My Sportsbook: 5Dimes \|
MVP Joined: Nov 2004 Posts: 16911 Location: Georgia	#15 Posted: 2/16/2013 9:27:08 PM
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ShadowWarrior	RSI View Space \| Blog \| Friends \| Playbook \|
Captain Joined: Nov 2002 Posts: 6347 Location: Hawaii	#16 Posted: 2/18/2013 11:39:26 AM His gambling charge was dropped as all the assets were seized whether it was in cash, jewelry, bank accounts whether savings or checking due to an illegal activity by Feds. But the tax evasion charges were not and that is the time he faces. Most gambling operations here were very small time in the old days. Mostly straight bets, parlays,then came the over/unders, half-time, etc. But the on-line wagering was way more options with props, futures, money line, 1st quarter, in game betting, live betting, half-time betting. Many more options with teasers, pleasers, parlays. Hopefully they legalize something here to help our revenue as we can not depend on tourism forever. We are booming now as the world economy seems to have improved as we get more visits from S. Korea, mainland China, Japan, Canada, Euro markets, East and West US traffic. We need something else or another 911 or tsunami in 2011 will hurt us again.
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conrad63	RSI View Space \| Friends \| Playbook \|
Prospect Joined: Mar 2011 Posts: 54 Location:	#17 Posted: 2/18/2013 3:11:15 PM Every state needs the revenue, It's insane that the USA loses all this revenue to offshore books(unregulated) when it could be helping our economy. And providing a service that many of us want. Lets hope New Jersey starts the ball rolling and we can start betting outside of Las Vegas. We'll find out in two weeks which way the wind is blowing!!!
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wizardofroz	View Space \| Blog \| Friends \| Playbook \| My Sportsbook: BetJamaica.com \|
Captain Joined: Oct 2004 Posts: 5290 Location: Kentucky	#18 Posted: 2/19/2013 1:53:27 AM QUOTE Originally Posted by conrad63: Every state needs the revenue, It's insane that the USA loses all this revenue to offshore books(unregulated) when it could be helping our economy. And providing a service that many of us want. Lets hope New Jersey starts the ball rolling and we can start betting outside of Las Vegas. We'll find out in two weeks which way the wind is blowing!!! You are making the foolish assumption that politicians have a shred of common sense or decency.
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Capodecina	RSI View Space \| Blog \| Friends \| Playbook \| My Sportsbook: Mandalay Bay \|
Veteran Joined: Jan 2010 Posts: 1576 Location: New Jersey	#19 Posted: 2/19/2013 2:30:08 AM QUOTE Originally Posted by gentleman131: No one on here has anything to take so they aren't coming after you confiscating 300000 pays for there time LMAO----That was hysterical and VERY TRUE !!! Nobody on here has a net worth over $42K anyway..... LOL.....Most have filed for bankruptcy at one point or another and are living check-to-check. (Waiting for GrandMa to die so to inherit her $200K)
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