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Billion Dollar #sportsBetting Ring Busted

BILLION DOLLAR ONLINE SPORTSBETTING RING SHUTDOWN IN NEW YORK
 
Authorities have broken up a global sports gambling ring, leading to the arrest of four men.
 
The New York newspaper Metro reported Thursday that Brooklyn District Attorney Ken Thompson has issued a statement detailing the arrest and arraignment in Brooklyn of four men on charges of enterprise corruption, first-degree promoting gambling, second-degree possession of gambling records and fifth-degree conspiracy.
 
The 57-page indictment details several online gambling sites alleged to have been operated by the ring through Costa Rica, where a cash flow of $200,000 a month was required to sustain the level of activity.
 
Gordon Mitchnick, 58, Joseph Schneider, 39, and Claude Ferguson, 43, all of California, and Arthur Rossi, 66, of Manhattan, are accused of involvement in the large-scale gambling ring that operated via the websites wagerabc.com, thewagerspot.com and hustler247.ag, the DA claims.
 
During the 2015 NFL season alone, the ring allegedly took in approximately $927,000,000 in wagers.
 
"Illegal gambling is not a victimless crime - it preys on peoples vulnerabilities and directly leads to money laundering, loansharking and a host of other crimes," DA Thompson said, adding that the bust was possibly the biggest one ever achieved by a local prosecutor’s office.
 
The illegal enterprise used a variety of methods to launder its proceeds including transporting cash, electronic wire transfers and the purchase of over 20 houses as a means to hide gambling profits, the DA elaborated.
 
DA Thompson has previously been involved in illegal online sports betting busts, the most recent being the shuttering earlier this year of a $13 million ring which also worked through Costa Rica.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

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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