Posted:
#26
Why BEDed Targeted?
Posted:
#27
Quote Originally Posted by industrybhoy:
Court filings in Maryland say that in January and February a total of $14.2 million was seized from accounts in the name of JBL Services and Transaction Solutions at Wachovia, Regions Bank, BkofAma and Sun Trust Bank. In July, filings say, another $9.9 million was found in eight accounts at Nevada State Bank, a unit of Zion Bancorporation (nasdaq: ZION - news - people ), in the name of Zaftig Instantly Processed Payments, doing business as ZipPayments.com. The companies are described as helping to facilitate parts of the Bodog operation.
https://www2.citypaper.com/sb/147691/BodogAffadavit$14.2M.pdf
The court papers detail an elaborate international structure put together to allow Bodog to collect money and write checks to winning gamblers in the U.S. One affidavit by Randall S. Carrow, a special agent with the U.S. Internal Revenue Service's Criminal Investigation Division, said that $248 million involving entities linked to Bodog was processed through Wachovia Bank, from which $11 million of the $24 million was seized.
In a statement to Forbes, Wachovia said the bank cooperated with law enforcement, doesn't knowingly allow Internet gaming operations to open accounts, and the funds ending up at the bank were in accounts of a third-party CC servicer. The statement also hinted that various accounts might have been kept open at the request of investigators to aid their efforts.
According to Carrow's detailed sworn statements, the IRS's Criminal Investigation Division started looking at Bodog in 2003 and opened a formal probe in 2006. The extensive sleuthing has involved close examination of public and bank records, the enlisting of unnamed cooperating witnesses and informants, and undercover efforts to make bets on football and collect winnings.
Ayre, says Carrow's statement, is president of Middleton Financial, a Nevada corporation described as a key cog in the U.S. Bodog machinery, as well as Stratham Finance, said to be based in Malta. Other entities linked to Ayre in the court filings are Gateway Financial Services, EBanx Ltd., Gregor Financial Ltd. and Calvtek Industries. The filings list dozens of businesses involved in processing Bodog transactions.
Wouldn't be a stretch to imagine that someone inside Bodog was leaned on and was used as an informant.
Court filings in Maryland say that in January and February a total of $14.2 million was seized from accounts in the name of JBL Services and Transaction Solutions at Wachovia, Regions Bank, BkofAma and Sun Trust Bank. In July, filings say, another $9.9 million was found in eight accounts at Nevada State Bank, a unit of Zion Bancorporation (nasdaq: ZION - news - people ), in the name of Zaftig Instantly Processed Payments, doing business as ZipPayments.com. The companies are described as helping to facilitate parts of the Bodog operation.
https://www2.citypaper.com/sb/147691/BodogAffadavit$14.2M.pdf
The court papers detail an elaborate international structure put together to allow Bodog to collect money and write checks to winning gamblers in the U.S. One affidavit by Randall S. Carrow, a special agent with the U.S. Internal Revenue Service's Criminal Investigation Division, said that $248 million involving entities linked to Bodog was processed through Wachovia Bank, from which $11 million of the $24 million was seized.
In a statement to Forbes, Wachovia said the bank cooperated with law enforcement, doesn't knowingly allow Internet gaming operations to open accounts, and the funds ending up at the bank were in accounts of a third-party CC servicer. The statement also hinted that various accounts might have been kept open at the request of investigators to aid their efforts.
According to Carrow's detailed sworn statements, the IRS's Criminal Investigation Division started looking at Bodog in 2003 and opened a formal probe in 2006. The extensive sleuthing has involved close examination of public and bank records, the enlisting of unnamed cooperating witnesses and informants, and undercover efforts to make bets on football and collect winnings.
Ayre, says Carrow's statement, is president of Middleton Financial, a Nevada corporation described as a key cog in the U.S. Bodog machinery, as well as Stratham Finance, said to be based in Malta. Other entities linked to Ayre in the court filings are Gateway Financial Services, EBanx Ltd., Gregor Financial Ltd. and Calvtek Industries. The filings list dozens of businesses involved in processing Bodog transactions.
Wouldn't be a stretch to imagine that someone inside Bodog was leaned on and was used as an informant.
Ha! Another Irishman (or Scotsman) lending a helping hand.
Much in what the bhoy says, some wise observations.
That story comes from Forbes magazine. It has disappeared from there much like the court records for the two guys who ran the Bodog front processors.
I'll tell you how this particular line of investigation developed in respect to Wachovia. In that time frame, there were a lot of posts over at SBR about Bodog bouncing checks. One poster came on and posted a bounced check with all the details evident. They check was written on an account at a Wachovia bank in Florida. After a day or so, someone pointed out that that post and check image was probably very helpful to the feds. So the check got altered with the details taken out, but I think the Wachovia bank details were left in.
And thanks for listing those companies that were directly linked to Calvin Ayre personally.
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