Illegal Gambling Site Brought Down by US DOJ

AR182

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Michael Hoffman - May 19, 2006

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 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.
 

MadJack

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Illegal Gambling Site Brought Down by US DOJ

:shrug:

still biz as usual at WWTS. typical media propaganda bullshit. :nono:
 

AR182

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i'm glad to hear that because i think wwts is a quality book.....sorry that they don't have early lines for football...but still a good book with good customer service....
 

kneifl

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MadJack said:
:shrug:

still biz as usual at WWTS. typical media propaganda bullshit. :nono:

Absolutely true,

The media would like you to think that but its all BS. They can't do anything to the people who are running these books because it's all perfectly legal in CR, Antigues, etc. Maybe not legal here but it is there. I'm sure there Economy thrives on it as well. I think we would be better off in the USA if we legalized gambling in all the states and then taxed it accordingly - but gov't can't get that into their heads, nor do they want to.

I have heard of US Citizens opening up casinos/sportsbooks on foreign soil and not being allowed back in the states. I don't know how true these stories are. What I find ironic is some of these same US citizens that open casinos/sportsbooks on these islands don't want to come back - they'd rather visit the Carribean, Europe, Russia, Japan, china, etc. One of my friends actually had a buddy that did it and said he has no desire to come back to the US, but would rather see the world.

kneifl
 

AR182

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here is something else about wwts....


DoJ targets 'illegal' net gambling operation

By John LeydenPublished Thursday 18th May 2006

The US Department of Justice is suing an internet gambling operation based in Antigua over allegations of money laundering. WorldWide Telesports Inc, run by William Scott and Jessica Davis, allegedly violated US federal laws in laundering an estimated $250m worth of internet gambling wagers. Scott and Davis are currently fugitives from US justice.

A 12-count indictment unsealed earlier this week alleges that from April 1998 until April 2006 the pair operated WorldWide Telesports, an online casino and sports betting operation, which incited US punters to place bets in violation of Federal Wire and Travel Acts. Allegedly illegal bets were placed either over toll-free telephone numbers or through www.BetWWTS.com and other websites controlled by the defendants. By causing funds to be sent from the US to overseas location with the intent to promote Wire and Travel Act violations, Scott and Davis allegedly engaged in a money laundering conspiracy.

Scott is further charged with failing to report foreign bank accounts to the Internal Revenue Service as well as separate money laundering offences involving deals he made using profits from the net betting operation he controlled. Soulbury Ltd. one of the "shell" corporations Scott allegedly used to hide his personal profits from the illegal gambling enterprise, amassed $10m in illegal revenues which Scott allegedly tried to secrete in the channel island of Guernsey. The US government has recovered $7m in funds from Guernsey in a related civil forfeiture lawsuit. ?
 
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