Feds arrest online gambling

Forum: Gaming Industry - US
Author: [Gaming Industry - US] Topic: Feds arrest online gambling
AFNfootballnerd PM AFNfootballnerd
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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 PM AFNfootballnerd
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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 PM rogers12
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Posted: 2/15/2013 12:26:45 PM
was there a trial???  i see arrested than sentencing. am i missing something?
AFNfootballnerd PM AFNfootballnerd
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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 PM tampaman
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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.
AFNfootballnerd PM AFNfootballnerd
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Posted: 2/15/2013 1:04:03 PM
Said faces 2 years for gambling charge...wtf?
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MAC316 PM MAC316
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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
Qncyk1 PM Qncyk1
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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.

kdawgy PM kdawgy
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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.
MAC316 PM MAC316
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Posted: 2/15/2013 7:58:49 PM
Exactly Kdawgy
wizardofroz PM wizardofroz
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Posted: 2/16/2013 3:49:41 AM
 Better call Saul!
josbran PM josbran
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Posted: 2/16/2013 9:22:10 AM
It's all about tax evasion nothing more. Everyone cool down and make your bets today!!
gentleman131 PM gentleman131
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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

gentleman131 PM gentleman131
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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

billyloco PM billyloco
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Posted: 2/16/2013 9:27:08 PM
ShadowWarrior PM ShadowWarrior
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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.
conrad63 PM conrad63
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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!!!
wizardofroz PM wizardofroz
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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.
Capodecina PM Capodecina
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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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