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Thread: Billion dollar internet gambling bust

  1. #1

    Billion dollar internet gambling bust

    http://www.reuters.com/article/us-ne...-idUSKCN0ZG2VM

    Even if you're not interested in the subject, their mugshots are great. Clearly, they needed the money to support their addiction to high end threads.

  2. #2
    This is as stupid as all the drug arrests that fill our prisons.

    Light regulation.

     
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      ftpjesus: Cant argue there.. Had a dude in prison on felony time because he was a habitual weed smoker and caught a third charge making possession a felony.. Worse part dude was in a WC and had had a stroke. WTF is he doing in Prison he aint no damn threat!!

  3. #3
    Serial Blogger BeerAndPoker's Avatar
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    Stupid for sure but it's been an ongoing thing in this for several decades.

    The next guy in line who accepts all risks now takes over using the same call center.

  4. #4
    Owner Dan Druff's Avatar
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    There are a number of these out there. This has basically replaced the local bookie.

    They are password-protected, kinda generic-looking sportsbetting sites, where you can't even look inside unless you get invited.

    (The invites usually occur through referrals.)

    The sites tend to have local agents representing the bookies, who deal with both customer service issues and payments in and out.

    Bets are settled offline. There is no cashout button or payment processor.

    The sites themselves are based out of places like Costa Rica, as are the betting call centers.

    These are almost always owned by Americans.

    They tend to operate a lot more honestly than the shady sportsbooks using the standard internet buy in/cash out model. However, your balance on there is lost if a bust goes down.

  5. #5
    Residential Neighborhood badguy23's Avatar
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    Quote Originally Posted by Dan Druff View Post
    There are a number of these out there. This has basically replaced the local bookie.

    They are password-protected, kinda generic-looking sportsbetting sites, where you can't even look inside unless you get invited.

    (The invites usually occur through referrals.)

    The sites tend to have local agents representing the bookies, who deal with both customer service issues and payments in and out.

    Bets are settled offline. There is no cashout button or payment processor.

    The sites themselves are based out of places like Costa Rica, as are the betting call centers.

    These are almost always owned by Americans.

    They tend to operate a lot more honestly than the shady sportsbooks using the standard internet buy in/cash out model. However, your balance on there is lost if a bust goes down.

    Were they booking the bets? Or did they just own the sites?

    On PPH sites the agent/bookie pay a fee usually around $15 per customer a week to use the website and call center.

  6. #6
    Residential Neighborhood badguy23's Avatar
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    Quote Originally Posted by Dan Druff View Post
    There are a number of these out there. This has basically replaced the local bookie.

    They are password-protected, kinda generic-looking sportsbetting sites, where you can't even look inside unless you get invited.

    (The invites usually occur through referrals.)

    The sites tend to have local agents representing the bookies, who deal with both customer service issues and payments in and out.

    Bets are settled offline. There is no cashout button or payment processor.

    The sites themselves are based out of places like Costa Rica, as are the betting call centers.

    These are almost always owned by Americans.

    They tend to operate a lot more honestly than the shady sportsbooks using the standard internet buy in/cash out model. However, your balance on there is lost if a bust goes down.


    That is not true. If these guy's were just running the sites the agent should still pay the player. If I was a bookie and used one of these sites Id be leaving the country asap.

  7. #7
    Owner Dan Druff's Avatar
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    Yeah, I don't know why I wrote that at the end of my message.

    I wasn't thinking.

    Since the funds aren't actually held on these sites, but rather it's just a means to place bets and keep track of balances, then yes the bookie should be responsible for paying even if the site itself gets shut down.

  8. #8
    "Illegal gambling is not a victimless crime"

    Look at these degens pictures. As if any of these guys could actually get a "normal" job in real life. But unemployment I guess *is* a victimless crime.

    A good portion of the time, these sites usually get known to authorities when they start threatening and roughing up those who owe massive debts to the site, and the debotrs, with no money/recourse, squeal to the coppers. That's how they got informants for the Russian sports betting ring in 2013 that involved many well known high stakes pros.

    I knew a kid who owed $25k to one of these sites once, and won it all back in a night betting a $3000 5 team baseball parlay which included not one, but two, 5 1/2 inning bets.

    If that ain't the American Dream, I dunno what is.
    http://www.miraclecovers.com

    "Donk down, that’s what you say to someone after they have lost 28K straight?" - Phil Hellmuth, online

  9. #9
    Owner Dan Druff's Avatar
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    You guys might remember this bust, involving several Las Vegas and Atlantic City poker players who doubled as bookies:

    http://pokerfraudalert.com/forum/sho...arrested-today

    And while she wasn't a poker player, the most curious of the bookmakers was 42-year-old Kelly Barsel, who was at one time a fairly pretty children's photographer, before she got into bookmaking and apparently the meth:

    Name:  barsel.jpg
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      Tellafriend: Still def do it. AIDS and all.

  10. #10
    My bookie runs one of these... his "guy" is based out of penn and his "boss" is based out of NC. I've finished the last 6 yrs up on him (trust me I'm not a winner, just follow people who are), he has paid me every single time. His hole thing is thing, he's fine paying me as a winner as long as the guys I brought him lose out in the long run (which they do and honest last year I was close to). If his guy in NC or PA guy caught, as long as the sight was up he'd still run it. When you run a site like, and cap your loses, it usually is a profitable outcome.

    I have 0 worry my guy will ever not pay me (yes he's been slow on weeks I won BIG), but the truth is he makes more on the losers than the winners and he's way to small for anyone to worry about. Keep in mind this is a guy who services around $75k a weekend for a bunch of NYC traders and bankers... Must be nice; this motherfucker will only ever be caught if he's ratted out by his most inner circle.

    I would give details on one of his rings being shut down, but that would hit to close to home. Needless to say only certain people know him in the biz, and those who do, know better than to say shit if it ever went down

    P.S Super drunk... but still the truth.
    "I GOT NO TOE"

    #FreeFluffler #FreeThisGuyIsCreepy #lockupGarrett

  11. #11
    The take down of a mafia run gambling ring in New York City threatens to trap a gaggle of high-profile celebrities who a source claims may have been caught on wiretaps making illegal bets, RadarOnline.com has exclusively learned.

    Thirteen members and associates of the Genovese Organized Crime Family were nabbed in the Dec. 15 bust, which included Vincent “Vinny” Taliercio, a long-time Brooklyn bookie who collected wagers from a Who’s Who of Hollywood elite, a well-placed source told Radar.

    The list of New York City born celebs may include: The Godfather star James Caan; Taxi actor Tony Danza and Paul Sorvino, who played a mafia boss in the wise guy drama Goodfellas, the source told Radar.

    “James Caan is a big gambler — he bets on anything. He’ll even bet on which elevator doors open first,” the insider claimed.

    Some of the other high profile gamblers may include: Bronx born TV talker Regis Philbin; Two and Half Men star Charlie Sheen; the late Law & Order star Jerry Orbach; Seinfeld co-creator Larry David; the late Wise Guy actor Ray Sharkey and famed producer James L. Brooks, an Oscar winning director, and Ed Weinberger, who both created Taxi and numerous other television classics.

    “They probably caught some of these celebrities on the wiretaps,” the source said, adding the gamblers would usually place their bets with Vinny by telephone if they weren’t in New York.
    the site was 4spades.org (which is still up lol)

    http://radaronline.com/videos/celebr...in-tony-danza/
    http://www.miraclecovers.com

    "Donk down, that’s what you say to someone after they have lost 28K straight?" - Phil Hellmuth, online

  12. #12
    2k and Geno can have you one of these sites up in 48 hours. My "Mentor" in poker (so to speak) has one of these sites.

  13. #13
    Master of Props Daly's Avatar
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    It's not illegal to make bets

    It's not illegal to run one of these websites. You can always say they are for entertainment only.

    It's semi illegal to be an agent of a sportsbook where you pay out and collect from a bunch of customers.

    It is illegal to run a sportsbook. If you are the guy holding bets and charging Vig you are the target.

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