Arrests in US today involving Pinnacle

**ForgetWallStreet** · 10-24-12, 06:56 PM

SBR too busy clearing out their offices to comment?

**lecubs28** · 10-24-12, 07:55 PM

heard it's not a big deal

overblown cause colbert got brought down

jj what you think?

**soul786** · 10-24-12, 08:25 PM

I don`t understand legal mumbojumbo but I play at Pinny, does this mean anything for them?

**ballahollic2** · 10-24-12, 08:45 PM

Is the site up and taking bets? or is it going to be shut down?

**gauchojake** · 10-24-12, 09:17 PM

Business as usual. Info buried in the sports book and industry forum.

Id say that a sprtsbook director at a Vegas book being tied to Pinnacle agents in the US is kind of a big deal, but what do I know.

**Inkwell77** · 10-24-12, 09:40 PM

Originally posted by ForgetWallStreet

SBR too busy clearing out their offices to comment?

**gambleballs** · 10-25-12, 11:36 AM

Pinnacle, Jazz, and two apparent Per Head shops wager4you.com and playhere.ag mentioned in Queens DA report on operation "World Wide Wagers"

**allin1** · 10-25-12, 11:52 AM

Gaming and legal sources confirmed the charges involve PinnacleSports.com, one of the largest offshore sports wagering websites. Sources said agents for the website were arrested in several cities Wednesday.

is it possible that those agents could be independent without any official connections to pinny?

**username474** · 10-25-12, 11:58 AM

Originally posted by allin1

is it possible that those agents could be independent without any official connections to pinny?

That is exactly what they were.

**Brooklyn Dick** · 10-25-12, 12:11 PM

Vinny “Gorgeous” Son Among 25 Arrested in $50M Sports Betting Ring – NBC New York

http://www.nbcnewyork.com/news/local/Mob-Vinny-Gorgeous-Son-Arrest-Sports-Betting-Ring-175816071.html

**gambleballs** · 10-25-12, 01:00 PM

Originally posted by username474

That is exactly what they were.

no.

Three of the charged were actually described as OWNERS of Pinnacle. not just agents. Some veteran bookmakers in that list. Many been in the hot seat before.

Names all those arrested> http://www.queensda.org/newpressrele...5_2012.ind.pdf

**Bill Dozer** · 10-25-12, 01:38 PM

Citing Pinnacle even indirectly, means Pinnacle won't be able to comment. It would be a legal matter for their people. Looks like some stateside use of the site but Pinnacle the non-US postup company and those people aren't listed in any of these reports nor do they do any transactions through the US

**njdave** · 10-25-12, 01:52 PM

It is business as usual today.

People have taken over the route for the agents, the wheel keeps spinning.

**Gla$$y** · 10-25-12, 02:00 PM

Pinnacle Owner Indicted

With the owner of Pinnaclesports.com Indicted in the latest sports gambling ring, is it a good idea to cash my funds?

advice..

**ApricotSinner32** · 10-25-12, 02:01 PM

huh?

**Vegas39** · 10-25-12, 02:02 PM

He was a part owner ( not sure %) and he was arrested not indicted as of yet. Has Pinny even commented on this?

**Gla$$y** · 10-25-12, 02:04 PM

New York indicts 25 in $50 million betting ring

http://espn.go.com/espn/story/_/id/8550476/new-york-issues-25-indictments-50-million-betting-ring

Authorities in New York announced the indictment of 25 people Thursday following an investigation into illegal sports betting that spanned five states and allegedly yielded payouts of more than $50 million.

Says " The owners of Curacao-based Pinnaclesports.com, one of the most prominent sports betting websites, were named in the indictment.
"

Could be nothing, just dont want my funds frozen if the website gets blocked.

**allin1** · 10-25-12, 02:04 PM

Originally posted by Vegas39

He was a part owner ( not sure %) and he was arrested not indicted as of yet. Has Pinny even commented on this?

I don't think they can comment at the moment.

**Vegas39** · 10-25-12, 02:07 PM

Originally posted by allin1

I don't think they can comment at the moment.

I thought they may say something. Vegasvixen had mentioned last night that Cantor was holding a press conference today to address it

**Brock Landers** · 10-25-12, 02:09 PM

Fuckking ridiculous, instead of legalizing this shit, as in MOST of the rest of the civilized world, they continue on this witch hunt

**allin1** · 10-25-12, 02:10 PM

Originally posted by Vegas39

I thought they may say something. Vegasvixen had mentioned last night that Cantor was holding a press conference today to address it

I think pinny can't comment because of legal matters

**Vegas39** · 10-25-12, 02:11 PM

Originally posted by allin1

I think pinny can't comment because of legal matters

Could be the case. Any idea how much of Pinny he owned?

**allin1** · 10-25-12, 02:12 PM

Originally posted by Vegas39

Could be the case. Any idea how much of Pinny he owned?

no idea

**Bluehorseshoe** · 10-25-12, 02:13 PM

The owners of Curacao-based Pinnaclesports.com, one of the most prominent sports betting websites, were named in the indictment.

"The ramifications of this are huge," one industry source told ESPN. "The guys involved had to be handling millions of dollars a week."

The professional sports betting world is a complex web of bookmakers, gamblers, people who make bets on behalf of gamblers, and others who collect those bets. It spreads from brick-and-mortar casinos in Nevada, to local bookies in nearly every American city, to Internet sports books mostly based in tropical locales such as Costa Rica and Antigua and Curacao. It is illegal for offshore books to accept wagers over the Internet from people in the United States. Those arrested Wednesday allegedly are agents hired to help gamblers circumvent those laws, as well as bookmakers, distributors and collectors.

"I know that people in the islands are crapping their pants right now," a source with ties to the offshore sports betting industry told ESPN. "The money involved in this is what moved point spreads."

**Gla$$y** · 10-25-12, 02:14 PM

I withdrew just to be safe, hope it stays up, i enjoy using pinny. any suggestions on next best site?(canada)

**NobodyUKnow** · 10-25-12, 02:14 PM

Originally posted by Vegas39

He was a part owner ( not sure %) and he was arrested not indicted as of yet. Has Pinny even commented on this?

He(Edwards) was also indicted as were two other owners of Pinnacle. The actual indictment is already online and the 2 other owners indicted besides Edwards have been identified by name on other websites like pokernews.

**Vegas39** · 10-25-12, 02:16 PM

Originally posted by NobodyUKnow

He(Edwards) was also indicted as were two other owners of Pinnacle. The actual indictment is already online and the 2 other owners indicted besides Edwards have been identified by name on other websites like pokernews.

Thanks, in that case yes would not feel comfy having money there

**byronbb** · 10-25-12, 02:18 PM

Originally posted by Gla$$y

I withdrew just to be safe, hope it stays up, i enjoy using pinny. any suggestions on next best site?(canada)

For similar value go to Matchbook.

**UntilTheNDofTimE** · 10-25-12, 02:19 PM

Originally posted by Vegas39

Thanks, in that case yes would not feel comfy having money there

Why? Pinnacle is a legal entity that no longer serves US players. In this scandel of money laundering and arrested agents at most they are looking at a law suit.

**Vegas39** · 10-25-12, 02:21 PM

Originally posted by UntilTheNDofTimE

Why? Pinnacle is a legal entity that no longer serves US players. In this scandel of money laundering and arrested agents at most they are looking at a law suit.

a risk I wouldn't take but just my opinion

**RealSlimShady** · 10-25-12, 02:21 PM

Originally posted by Vegas39

Thanks, in that case yes would not feel comfy having money there

CRIS/Bookmaker has gone through this dozens of times......

**onacloud** · 10-25-12, 02:21 PM

Originally posted by Vegas39

Could be the case. Any idea how much of Pinny he owned?

Also arrested in Las Vegas was 46-year-old Brant England, one of the three owners of Pinnacle Sport, an online sports gaming website. Stanley Tomchin and George Molsbarger, co-owners of Pinnacle in California, also were arrested.

**Vegas39** · 10-25-12, 02:22 PM

Originally posted by RealSlimShady

CRIS/Bookmaker has gone through this dozens of times......

on this large of scale though?

**RealSlimShady** · 10-25-12, 02:28 PM

Originally posted by Vegas39

on this large of scale though?

If you think $7M seized is large, then you are way underestimating the size of Pinnacle or the betting world. Plus, a portion of the money might be the agents' cash. Not all Pinnys.