Posted:
#1
https://calvinayre.com/2012/02/28/business/breaking-news-bodog-com-seized-by-homeland-security/?sf3316060=1
Feds go after Bodog domain name. Bovada next?
...
Views: 3146
Posts: 10
Posted:
#3
Pink Ass is now indicted.
Two counts of online gambling and money laundering.
In another brilliant move, he claims he's going to keep on doing it.
[quote]A federal grand jury in Baltimore Maryland has indicted Bodog Entertainment Group S.A d/b/a Bodog.com and four individuals involved with the group including Bodog Brand founder Calvin Ayre, James Philip, Dave Ferguson and Derek Maloney, all from Canada.
The Feds indictment includes just two charges; count one, Conducting an Illegal gambling business from June 2006 to January 2012, count two, money laundering conspiracy over the same period.
The federal prosecutors are alleging that that the group conspired to pay over $100 Million in sports gambling winnings to winning sports bettors by bank wire and checks through payment processors located within the United States.
In addition to paying millions to winning gamblers, Bodog Entertainment S.A. is accused spending $42 million of dollars through an unnamed media company to advertise directly to gamblers based in the United States.
The indictment tells of the feds using undercover agents to set up Bodog.com accounts via an undercover computer in the State of Maryland. The undercover agents would deposit through an ewallet, gamble on sports and then cash out their winnings via check or western union withdrawal.
Along with the undercover agents, the Federal investigators are relying on a former employee who was acting as a confidential informant during July 2010 who named the top directors and explained how the group allegedly operated.
This indictment is another notch in the belt of the proverbial pissing match between Assistant United States Attorney Richard C. Kay, based in Maryland and US Attorney, Preet Bharara, based in Manhattan. The two have been attacking gambling sites aggressively over the past year with Preet Bharara bringing the infamous Black Friday indictments against Full Tilt Poker, PokerStars and Absolute Poker. Richard Kay for his part had his hand in the Blue Monday indictments, which targeted 10 Central American sportsbooks, including BetED.
I’ve contacted Calvin Ayre concerning the indictments and he released this statement,
“I see this as abuse of the US criminal justice system for the commercial gain of large US corporations. It is clear that the online gaming industry is legal under international law and in the case of these documents is it also clear that the rule of law was not allowed to slow down a rush to try to try to win the war of public opinion.
These documents were filed with Forbes magazine before they were filed anywhere else and were drafted with the consumption of the media as a primary objective. We will all look at this and discuss the future with our advisors, but it will not stop my many business interests globally that are unrelated to anything in the US and it will not stop my many charity projects through my foundation. You can also follow this story here on the number one global online gaming news and entertainment site and the only site I will be doing interviews with for the next while…CalvinAyre.com”
We will have more to come, including exclusive interviews with Calvin Ayre as this story as it develops.[/quote]
A mouse squeeking at a lion. If you're one of the four people left in the world with money at Bodog, kiss it goodbye.
A bit of justice for the man who went out of his way to try and frame up the owners of this site as owners of BetEd.
Posted:
#5
Quote Originally Posted by apt9:
This story makes me a little nervous to use any book that ends in a .com. I currently use wagerweb.com. Any one have any inisght on this? Sounds like a site ending in .eu or .pa might be safer now. I know bookmaker changed from bookmaker.com to bookmaker.eu
It has nothing to do with the dot com. It has to do with the money laundering charges for allowing people to use their cc's through a third processor claiming they are purchasing legal goods and services.
Posted:
#6
FIRST OF ALL...before you waste time reading 200 rants against Calvin Ayre, remember this is only about another carefully planned U.S. DOJ message against the "illegal U.S. offshore industry" and it's biggest name. How the "Al Capone" of the Offshore industry gave the finger to the Feds for so many years. Unless you have $$ in a BoDog/Bovada account, nobody would really care whether it was Calvin Ayre or Calvin Klein being indicted.
Albert Einstein once said: " Insanity is doing the same thing over & over again and expecting different results."
POINT: Until the U.S. passes legislation to LEGALIZE AND REGULATE ONLINE WAGERING your money always has and always will be at huge risk. The smart thing is evaluating where is the least possible risk and who are the most reliable offshore books under current conditions. But NO guarantees!!
And for you "LOCALS" guys..don't think a local Calvin can't stiff you forever anytime as well.
Posted:
#10
Quote Originally Posted by kdawgy:
It has nothing to do with the dot com. It has to do with the money laundering charges for allowing people to use their cc's through a third processor claiming they are purchasing legal goods and services.
It has nothing to do with the dot com. It has to do with the money laundering charges for allowing people to use their cc's through a third processor claiming they are purchasing legal goods and services.
That's exactly what betonline does with cc deposits. The cc transactions show up as either car parts or webhosting services.
I think it's Visa/MC/Amex turning the screws to their lobbyists to take action.
Hot Forum Topics
