Print 9 comment(s) - last by Christopher1.. on May 20 at 4:12 PM

The indictment against two people running an illegal online gambling site was unsealed yesterday

The US Department of Justice has shut down a web site operated by William Scott and Jessica Davis, who were allegedly using an online casino and sports gambling web site to launder money.  WorldWide Telesports Inc. allegedly allowed gamblers to place bets via toll-free telephone numbers and various Internet web sites that were operated by the company.  Scott also faces charges after he failed to report foreign bank accounts to the Internal Revenue Service.  The recently unsealed 12-count indictment claims that Davis and Scott operated the $2.5B USD offshore site that had American gamblers send money from the United States down to Antigua.  The Associated Press reports:

The indictment says the defendants obtained $2.5 billion in unlawful proceeds from telephone and internet gambling. The government is seeking $250 million through forfeiture in hopes it can collect the fees kept by the defendants.

Both suspects are currently on the run.  Interestingly enough, there are very few bodies of government that regulate online gambling sites, particularly because the sites can be run from off-shore servers and yet still operate in the US.  Certainly, this is not the last we've seen of such criminal activities. 

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By cciesquare on 5/19/2006 4:03:42 AM , Rating: 2
Gambling is crazy. Once you pop you cant stop.

hahaah the golf dude probably use that site, i mean golly blwing 50-60 millin gambling? Couldnt you just buy the game on your computer.

Anyone else notice that they got 2.5 Billion. Damn that's a lot of money. It got me think.......naaaaaaah.

RE: crazzzy
By AndreasM on 5/19/2006 10:02:53 AM , Rating: 2
hahaah the golf dude probably use that site, i mean golly blwing 50-60 millin gambling? Couldnt you just buy the game on your computer.

You can't win money by playing blackjack with your computer. It's not the game itself that makes gambling addictive. :P

RE: crazzzy
By Xenoterranos on 5/19/2006 11:34:56 AM , Rating: 3
I wonder how much of a thrill winning money is when you're a billionare. Personally, I'd genetically engineer dinosaurs and hunt them on my private ranch. I would call this ranch...Montana. (no offense to anyone who lives there, it's just decently big and mostly empty) :)

RE: crazzzy
By regpfj on 5/19/2006 2:21:43 PM , Rating: 2
The government is seeking $250 million [in] fees kept by the defendants.

Is that the meaning of that sentence, or did they really make two and a half billion? Surely they made only one quarter of one billion, right? Please...

"I modded down, down, down, and the flames went higher." -- Sven Olsen

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