$470,00 of Seized Online Gambling Funds Go to Police Department
08 June 2011
“The cooperation between our department and [ICE HIS] investigation goes far beyond normal law enforcement task forces,” County Police Chief James Teare Sr. of the Anne Arundel County Police Department said. Ice being the U.S. Immigration and Customs Enforcement’s and HIS being the Homeland Security Investigations division. How far beyond “normal law enforcement task forces”? $470,407.62 worth.
From late 2009 through 2011, ICE and HSI ran an undercover operation where they set up an online payment called Linwood Payment Solutions.
According to reports, during this operation, over 300,000 transactions totaling over $33 million were processed for the companies ThrillX Systems and K23 Group financial Services companies which were recently indicted. About 11 bank accounts were seized that held players funds from TruePoker.com, DoylesRoom.com, and betED.com.
The Anne Arundel County Police Department had three officers assigned to the case during that time and has now received a check for $470,407.62 for their time and hard work put into the operation. County Executive John R. Leopold also said that the department expects to receive more forfeited assets in the future.
Asked how come the money was given so quickly after the indictments were unsealed, HSI special agent William Winter said, “The money that was shared back today is from seizures that happened more than a year ago.”
Anne Arundel County Executive John Leopold said of the biggest donation ever made to the department,
“Especially in these tough economic times, when I’ve had to make very unpleasant budget cuts, I’m pleased to see these revenues will come to the police department to help them out and help them do their job.”
Interesting, I wonder about the players whose money is in TruePoker.com, DoylesRoom.com, and betED.com and their economic times. Wondering if they will get their money back from these online poker sites as it is generously being spent by ICE and HSI. All these people were doing was playing online poker, which to this date we cannot find a law against it.
26 June 2016Gibraltar License Awarded to Yggdrasil Gaming
Licensing is one of the most important things in the online casino industry because it's a signal that you have the blessing to proceed with business from an entity whose job it is to protect players and evaluate businesses for their worth in the industry as a whole. Some jurisdictions have a more favorable image than others in this regard, but for Yggdrasil Gaming, earning their license from Gibraltar is a great endorsement from a well-regarded regulatory body.Read full article
15 May 2016Record Largest Ever Single-Market Loss for Betway Set
In the sports betting world, the long-shot bet very rarely pays off. For example, when Betway set the line at 2,500:1 at the beginning of the season for Leicester to become the Premier League champions, no one really thought it would be a good bet. However, they managed to pull it off, and now they're stuck with what amounts to their single-largest loss inside of a single market in the history of the brand, which is huge considering they have been around for over 11 years.Read full article
26 February 2016$50,000 Coverall Venice Getaway Event at CyberBingo
Big promotions and events are a key part of any online bingo room, because CyberBingo has been around so long, they know this as well as anyone. The key to a big event at this stage in their history in the industry is to offer up huge prize pools and awesome individual prizes that the competition has trouble matching. They've done exactly this for their February 27 event where players are gunning for up to $50,000 and a chance at a trip to Venice.Read full article