Gaming

Investigators in Israel are seeking the records of Domains by Proxy as part of a criminal investigation into an Internet gaming group that targets Hebrew speakers.Details are contained in an application for the appointment of a Commissioner to collect evidence

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Israel into Elad Natanzon and Ronen Buchholts for allegedly operating an illegal on-line gaming business.

Eight people have been arrested as the United States continues its onslaught against offshore Internet gaming operators that target U. S. residents. The arrests were made in California and Costa Rica on July 26, 2006 following the unsealing of a criminal complaint at the U. S. District Court for the Northern District of California in which the defendants were charged with conducting an illegal gambling business, money laundering conspiracy, and conspiracy to conduct an illegal gambling business.

A British Internet and telephone gaming firm has decided to effectively put itself out of business in order to comply with a restraining order issued by a federal court in the United States, even though it has no physical presence there.BETonSPORTS Plc has dismantled its numerous web-sites and, on August 11, 2006, announced that it was closing down its “US facing” operations, comprising offices in Antigua and Costa Rica, “as soon as practicable” because they were no longer “viable”, with the loss of approximately 800 jobs. “The Directors are taking steps to ensure that the Company will not knowingly accept any wagering transactions from US based customers,” stated the firm, virtually all of whose revenue and profit came from U. S.-based clients. 

The United States Government has continued its onslaught against the offshore gaming industry by indicting a British firm and several of its alleged employees and agents.The indictment against BETonSPORTS Plc and related parties was brought at the U. S. District Court for the Eastern District of Missouri on June 1, 2006 and sealed until July 17 so arrests could be made.

A 13 month old criminal indictment against two individuals and two corporations involved in offshore gaming has been unsealed in the United States. Defendants William Paul Scott, 65 Jessica Pauline Davis Dyett, 35 Soulbury Ltd., a “bearer share” corporation formed

U. S. Tries to ban Internet Gambling (Who woke up the hypocrites?); and The Physics of High Yield Investment Programs (Or How Much is a Ponzi Weight?).

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged corruption - pursuant to a request for judicial assistance from Venezuela - that was filed at federal court in the USA on September 8, 2005. Individuals and businesses mentioned in the request for assistance include Racing Services Inc., Sergio Luis Cano, Instituto Nacional de Hipodromos, National Racetracks Institute, and Turf de Venezuela, Asociacion Hpica, CA.

Offshore companies in Belize and Panama were used by a group of fraudsters as part of a Canada-based scheme to commit fraud and money laundering, it has been alleged.Details are contained in a civil complaint filed on April 15, 2005 - and amended on June 7, 2005 - at the U. S. District Court for the Central District of California by A. Farber & Partners Inc., of Ontario, Canada, in its capacity as Canadian court-appointed Interim Receiver over the assets of Salim Damji, Strategic Trading Systems Instant White, a.k.a. STS Instant White, a.k.a. Strategic Trade Systems, a.k.a. STS Inc., JEM Holdings, a division of 1289629 Ontario Inc., Izmo Investments Inc., Shaffin Damji and Hanif Damji.

Dose of reality for U. S. in loss to Antigua & Barbuda at World Trade Organization In a 273 page report - plus appendices, the World Trade Organization ruled in favor of Antigua & Barbuda in a trade dispute with

Sweden has requested interviews of two officers of a multi level marketing scheme known as Prosper International League Limited as part of an investigation into an alleged Internet gaming scam. They have asked the United States authorities to obtain witness

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Sweden into Roland Pfeiffer, Monica Soderlund, Sten Astrom and Ulla Astrom for alleged illicit gambling.

The United States Government has applied to seize funds held in U. S. correspondent accounts of two Belize banks as part of a criminal investigation into an offshore gaming operation.Investigators are looking to seize tens of millions of dollars that

A New York resident is suing a Swedish controlled offshore casino group for allegedly failing to honor a $1 million prize that she won in a contest.Susanne Uebler claims that Oriental Casino, which is licensed in the Netherlands Antilles and

U.S.-based asset protection attorney David Hampton Tedder, who has been implicated in many investment scams over the years, was convicted of four felony counts in Wisconsin on June 10, 2003 after a week-long trial.Tedder, 56, of Winter Park, Florida, was convicted of conspiracy to violate the wire wagering act, and conspiracy to launder over $10,000,000 in gambling profits.

The history of risk management and the entire modern insurance industry was based upon the mathematics of gaming. In fact, most of what we know today came from the knowledge tree planted by Chevalier de Méré, Blasé Pascal and Pierre

An attorney who has been associated with many investment scams over the years has been charged with money laundering relating to an offshore gaming business.David Hampton Tedder, 56, was arrested by IRS and FBI Special Agents after he landed at O'Hare International Airport, in Chicago, on October 21, 2002 following a flight from Atlanta.

I have worked with more gamers and more fellows who want to be gamers than I can remember. They are all certain they have all of the answers on how it can be done "legally" vis à vis offshore structures

Internet Gaming.

Dominica, Costa Rica, St. Kitts, Isla Margarita, Belize, and Fulfillment Issues.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Canada - codenamed 'Project Offline' - into allegations of illegal gambling and bookmaking against a Canadian citizen.

The SEC has frozen the assets of Dominica-registered Stock Generation, which Offshore Alert exposed nine months ago as operating a Ponzi scheme masquerading as an Internet investment game.In doing so, the SEC has acknowledged the co-operation of the Economic Crime Division of the Central Criminal Police of Estonia, a country where Stock Generation maintained bank accounts.

State officials in Florida have asked Visa International and MasterCard International to stop allowing customers to use their credit cards for on-line betting, according to a report in The Wall Street Journal.

Links to the Internet gaming industry have embarrassed the Bank of Bermuda and contributed to the termination of its correspondent banking relationship with Swiss American Bank in Antigua. The bank, which is based in a jurisdiction that prohibits gambling, except for special events such as 'Cup Match', insists that it does not provide banking services to on-line gaming operators. However, more than a dozen gaming web-sites claiming to be licensed in Antigua and Venezuela have been informing gamblers for several months that they can open up accounts by wire transferring funds into Bank of Bermuda accounts at Citibank in New York and Midland Bank PLC in London.

OffshoreAlert takes a comprehensive look at the Internet-gaming pheneomenon called Stock Generation, that is growing at a rapid pace even though it appears to be a Ponzi scheme.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into alleged fraud and theft by Dilip Patel and Mahendra Hathi.

US regulators have continued to put the squeeze on Internet gaming operators with the passage of a US Senate Judiciary Committee bill to ban sports and casino gambling over the Internet in the United States.

A law banning Internet gaming moved a step closer to reality this month when the US Senate voted overwhelmingly in favour of it. The Senate voted by 90 votes to ten to approve a Bill presented by Senator Jon Kyl (Republican-Arizona) that would make it a crime to place a bet over the Internet and to offer Internet gaming services.

In what is being seen as a test case, the U. S. Government has charged 14 owners and managers of six sports betting companies headquartered in the Caribbean and Central America with conspiracy to transmit bets and wagers on sporting events via the Internet and telephones. The cases are the first federal prosecutions of sports betting over the Internet and they will be watched closely by offshore centers that have embraced gambling as a way of earning much-needed foreign currency.

Western Union has cut off money transfer services to 40 offshore bookmakers in an attempt to curb unlawful sports gambling in Florida.The action was taken at the request of the attorney general to combat the proliferation of sports betting operations headquartered in the Caribbean and soliciting wagers from Florida residents.

Already home to many of the world's phone sex companies, the Dominican Republic has now firmly established itself as the domicile of choice for another controversial area of offshore business and one of the fastest-growing - gambling via ‘800' telephone numbers and over the internet.With annual licences running from $20,000 to $100,000, several Caribbean islands are looking to the sector as a lucrative revenue-earner.

Government's immigration department has turned down a request for a work permit for David Parreira to manage Top Turf Enterprises bookmaker, which is struggling to regain its gaming licence in the face of opposition from the Ministry of Finance and police.

Top Turf Enterprises, which was told last month by Senior Magistrate Will Francis to improve its management structure in order to save its gambling licence, has offered former manager David Parreira his old job back.Mr. Parreira has accepted the job, subject to government approval.

Bookmaker Top Turf Enterprises is being investigated by Bermuda police and government after concerns about the way the company is operated, we can reveal.The authorities are worried that Top Turf, which has an office in Hamilton, may have fallen under the influence of an undesirable business element in the US.