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In Sweden Internet poker fraudsters sentenced to jail

Wednesday April 16,2014 : SWEDISH COURT SENTENCES FRAUDSTERS TO PRISON

Internet poker fraud and hacking scandal concludes
 
Sweden's Värmland District Court has handed down sentencing to eight people involved in a major fraud case involving internet poker following a two-year investigation by Swedish authorities and the Swedish gaming authority Lotteriinspektionen.
 
The criminals hacked into and gained private login information from several large gaming companies including state-sponsored gambling monopoly Svenska Spel between 2007 and 2011.
 
Using customers’ private login details, the hackers accessed multiple individual gaming accounts siphoning off and redirecting funds into other accounts.
 
The Court sentenced a 25-year-old-man from Karlstad to two and a half years for a total of 51 cases of gross fraud and hacking while another from Stockholm was sentenced to one year and three months for 19 cases under the same charge.
 
Five other accused were sentenced to probation and a fine while two others were acquitted.
 
Swedish Gaming Board Lotteriinspektionen operations manager Erik Sjöholm commented: "It is noteworthy that this could last for so long and that it was so easy to obtain the login information for email addresses and game accounts. These are security issues that should be reviewed in light of the approaches that have emerged in the investigation."
 
The court ruled that the stolen funds be repaid to claimants while the remainder belonging to unknown parties will be paid to the State.  A large number of claims were examined by the Court ranging from a few hundred dollars up to 280 000 dollars.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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