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Gambling Eprocessors Busted in Florida

Two Canadians and a US citizen federally indicted.
Two Canadians - one of them operating from Costa Rica - and a Florida-based US citizen have been indicted on wire and bank fraud, illegal money transmitting, money laundering and conspiracy charges by Florida US Attorney prosecutors and stand accused of activities to process money from illegal offshore online sports betting sites.
The three are named as US resident David Stewart, and Canadians Jason Neiman and Tom Freeborn.
Stewart has been linked to Web Pay TV Inc. and, which prosecutors claim were a front for illegal internet sports betting cash processing rather than the subscription payment service for television and movie interests they claimed to be, whilst Costa Rica-based Neimen allegedly operated a processing firm titled Doughflow from that country.
Canadian-resident Freeborn is alleged to have been involved in organising processing through eGoldwallet, another company owned by Stewart.
The prosecution appears to stem from a sting operation that was put together by federal enforcement authorities, in which an undercover agent penetrated the scheme posing as an investor.
He was asked to open a merchant account with a credit card company, giving prosecutors a wealth of evidence on the activities of the trio, who prosecutors say pushed around $4.2 million through their system between January 2013 and November 2014.

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