Arrests in US today involving Pinnacle

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  • gambleballs
    SBR Sharp
    • 10-15-07
    • 466

    #1
    Arrests in US today involving Pinnacle
    Cliffs... Cantor Gaming Sportsbook director one of 8 arrested in Vegas. Source says it involves PinnacleSports.com. Announcement from DA tomorrow 8am PST.

    The Las Vegas Review-Journal is Nevada's most trusted source for local news, Las Vegas sports, business news, gaming news, entertainment news and more.
  • ForgetWallStreet
    SBR Sharp
    • 04-27-07
    • 342

    #2
    SBR too busy clearing out their offices to comment?
    Comment
    • lecubs28
      SBR Wise Guy
      • 10-17-11
      • 638

      #3
      heard it's not a big deal

      overblown cause colbert got brought down

      jj what you think?
      Comment
      • soul786
        SBR MVP
        • 03-09-12
        • 1697

        #4
        I don`t understand legal mumbojumbo but I play at Pinny, does this mean anything for them?
        Comment
        • ballahollic2
          SBR Wise Guy
          • 11-30-10
          • 986

          #5
          Is the site up and taking bets? or is it going to be shut down?
          Comment
          • gauchojake
            BARRELED IN @ SBR!
            • 09-17-10
            • 34103

            #6
            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.
            Comment
            • Inkwell77
              SBR MVP
              • 02-03-11
              • 3227

              #7
              Originally posted by ForgetWallStreet
              SBR too busy clearing out their offices to comment?
              Comment
              • gambleballs
                SBR Sharp
                • 10-15-07
                • 466

                #8
                Pinnacle, Jazz, and two apparent Per Head shops wager4you.com and playhere.ag mentioned in Queens DA report on operation "World Wide Wagers"
                Comment
                • allin1
                  SBR MVP
                  • 11-07-11
                  • 4555

                  #9
                  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?
                  Comment
                  • username474
                    SBR Sharp
                    • 01-09-09
                    • 480

                    #10
                    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.
                    Comment
                    • Brooklyn Dick
                      SBR MVP
                      • 09-12-08
                      • 1067

                      #11
                      Comment
                      • gambleballs
                        SBR Sharp
                        • 10-15-07
                        • 466

                        #12
                        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
                        Comment
                        • Bill Dozer
                          www.twitter.com/BillDozer
                          • 07-12-05
                          • 10894

                          #13
                          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
                          Comment
                          • njdave
                            SBR Rookie
                            • 09-02-10
                            • 10

                            #14
                            It is business as usual today.

                            People have taken over the route for the agents, the wheel keeps spinning.
                            Comment
                            • Gla$$y
                              SBR Hustler
                              • 12-14-11
                              • 64

                              #15
                              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..
                              Comment
                              • ApricotSinner32
                                Restricted User
                                • 11-28-10
                                • 10648

                                #16
                                huh?
                                Comment
                                • Vegas39
                                  BARRELED IN @ SBR!
                                  • 09-22-11
                                  • 30686

                                  #17
                                  He was a part owner ( not sure %) and he was arrested not indicted as of yet. Has Pinny even commented on this?
                                  Comment
                                  • Gla$$y
                                    SBR Hustler
                                    • 12-14-11
                                    • 64

                                    #18
                                    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.
                                    Comment
                                    • allin1
                                      SBR MVP
                                      • 11-07-11
                                      • 4555

                                      #19
                                      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.
                                      Comment
                                      • Vegas39
                                        BARRELED IN @ SBR!
                                        • 09-22-11
                                        • 30686

                                        #20
                                        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
                                        Comment
                                        • Brock Landers
                                          SBR Aristocracy
                                          • 06-30-08
                                          • 45360

                                          #21
                                          Fuckking ridiculous, instead of legalizing this shit, as in MOST of the rest of the civilized world, they continue on this witch hunt
                                          Comment
                                          • allin1
                                            SBR MVP
                                            • 11-07-11
                                            • 4555

                                            #22
                                            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
                                            Comment
                                            • Vegas39
                                              BARRELED IN @ SBR!
                                              • 09-22-11
                                              • 30686

                                              #23
                                              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?
                                              Comment
                                              • allin1
                                                SBR MVP
                                                • 11-07-11
                                                • 4555

                                                #24
                                                Originally posted by Vegas39
                                                Could be the case. Any idea how much of Pinny he owned?
                                                no idea
                                                Comment
                                                • Bluehorseshoe
                                                  SBR Posting Legend
                                                  • 07-13-06
                                                  • 14985

                                                  #25
                                                  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."
                                                  Comment
                                                  • Gla$$y
                                                    SBR Hustler
                                                    • 12-14-11
                                                    • 64

                                                    #26
                                                    I withdrew just to be safe, hope it stays up, i enjoy using pinny. any suggestions on next best site?(canada)
                                                    Comment
                                                    • NobodyUKnow
                                                      SBR Rookie
                                                      • 05-17-11
                                                      • 46

                                                      #27
                                                      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.
                                                      Comment
                                                      • Vegas39
                                                        BARRELED IN @ SBR!
                                                        • 09-22-11
                                                        • 30686

                                                        #28
                                                        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
                                                        Comment
                                                        • byronbb
                                                          SBR MVP
                                                          • 11-13-08
                                                          • 3067

                                                          #29
                                                          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.
                                                          Comment
                                                          • UntilTheNDofTimE
                                                            SBR Hall of Famer
                                                            • 05-29-08
                                                            • 9283

                                                            #30
                                                            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.
                                                            Comment
                                                            • Vegas39
                                                              BARRELED IN @ SBR!
                                                              • 09-22-11
                                                              • 30686

                                                              #31
                                                              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
                                                              Comment
                                                              • RealSlimShady
                                                                SBR Hall of Famer
                                                                • 12-24-07
                                                                • 6249

                                                                #32
                                                                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......
                                                                Comment
                                                                • onacloud
                                                                  SBR Hall of Famer
                                                                  • 10-14-10
                                                                  • 5360

                                                                  #33
                                                                  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.
                                                                  Comment
                                                                  • Vegas39
                                                                    BARRELED IN @ SBR!
                                                                    • 09-22-11
                                                                    • 30686

                                                                    #34
                                                                    Originally posted by RealSlimShady
                                                                    CRIS/Bookmaker has gone through this dozens of times......
                                                                    on this large of scale though?
                                                                    Comment
                                                                    • RealSlimShady
                                                                      SBR Hall of Famer
                                                                      • 12-24-07
                                                                      • 6249

                                                                      #35
                                                                      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.
                                                                      Comment
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