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Michael Olaf Schutt Gambling Eprocessor Bail Revoked

Hell hath no fury like a woman scorned?
 
Fears that her German husband may jump bail and abscond have prompted a Florida woman to ask to be relieved of responsibility for his bond, sending him back to jail this week.
 
Michael Olaf Schütt (28), a German national with an allegedly patchy criminal record who is accused of running an e-processing company involved in illegal internet gambling transactions has been helping federal authorities, but was returned to custody this week because his estranged wife feared he’d flee the country, reports the Naples Daily News.
 
28-year-old Jennifer Sherman married Schütt in January after knowing him for less than a year, and according to federal court records has now “indicated she was in fear, was afraid her husband was going to flee, and wished to be removed from the defendant’s bond."
 
Her nervousness is perhaps understandable; under the terms of the bond, Sherman would have to cough up $100 000 if her husband took flight before the allegations against him have been resolved.
 
A Fort Myers court was told by Assistant U.S. Attorney Yolande Viacava of Sherman's reservations and the failure of the marriage, leading to a request that Schütt be returned to detention.
 
Defence attorney James Felman conceded Schütt’s marriage has “suffered a fatal parting of the ways,” but asked that the German be allowed to remain free due to his “substantial and exemplary” assistance to federal investigators.
 
U.S. Magistrate Judge Sheri Polster Chappell ordered Schütt held in the Lee County jail, saying: “The defendant has no employment ties, no familiar ties, is not a U.S. citizen and sought information to obtain a pilot’s license.”
 
Schütt will face sentence on November 8, after pleading guilty in March this year to operating an unlicensed money transmitting business - a lesser charge than the original accusation of money laundering and a deal conditional on his cooperation with the authorities.
 
The Naples Daily News reports that Schütt was arrested in February after Florida bank employees became suspicious of the millions of dollars moving through his bank accounts, and customers were noted cashing checks they said were Internet Poker gambling winnings.
 
Federal agents seized $2.47 million from a number of bank accounts, $10,000 cash found in Schütt’s home, cars and jewelry.



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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