get your money off of legends NOWWWWWWWWWW

[delevid]

Just saw this article

http://nation.time.com/2013/04/10/34-charged-in-probe-of-illegal-sports-betting/

[Courtesywipe]

Somebody is $hitting their pants!!

[greenhippo]

I live 20 minutes from Spring, Texas. Small world

[Courtesywipe]

Well, that was the first time I have ever read a 95 page federal indicted. Interesting read actually. I sure would be surprised if any account holder could continue to wager or even get a SNIFF of their funds. And the funny part..... SBR officials first post of the thread is passing along a message from Legends that 'your funds are safe'. What a for freaking crock of $hit! And you guys call yourself the 'watchdog' of the industry? What you are is Legends watchdog why they are still mailing you a monthly check. So very pitiful.

[Fall778899]

U S justice dept. is gutless !!!!!

Why don't they concentrate their efforts and resources on real criminals. It's all just a money grab, on the local level and federal, trust me I know first hand.

[MBENZ]

Not going to speculate on this.Put in 2 bets last night and had them graded out as normal.Going to see what shakes out today before getting too riled up.

[John Dough]

I don't think people realize that other books have been indicted and had funds seized and yet continue to operate.

As I posted earlier in this thread, the ramifications could be as bad as many are speculating or not so much. Only time will tell.

[Courtesywipe]

This particular indictment is the most detailed then any other handed out agaisnt online gaming. If you read thru the 95-page indictment the detais are staggering. I mean FBI agents were following these guys around and checking for what was in the freaking trash bags. Alot of details. These guys have so much money they dont know where to store. They were hiding large amounts of U.S. Currency around the estates. I know legends is open to other customers besides the folks in the States, but U.S. customers have to be their biggest source of business. If they cant do business with U.S. customers any longer, how do they stay above water?

[Courtesywipe]

Why don't they concentrate their efforts and resources on real criminals. It's all just a money grab, on the local level and federal, trust me I know first hand.

Its real simple. The U.S. wants their cut. If others are making money and they arent getting the slice of the pie, they will spend countless of my hard earned tax dollars hiring agents to follow workers of Legends around sifting through their garbage bags. Its pathetic what the US will do to get a slice of the pie. Pathetic.

[Bet10Heinekens]

After skimming the indictment, I guess the Feds now know how most Americans fund and receive their money from sportbooks

[hubie69]

Where is JJ at to say "Business as Usual"?

[John Dough]

After skimming the indictment, I guess the Feds now know how most Americans fund and receive their money from sportbooks

Not like that was ever a closely guarded secret.

[sweep]

Where's Loshak's report with "Doc, the head linesman from Lengends" POPCORN!!!!

[benandjerry]

This particular indictment is the most detailed then any other handed out agaisnt online gaming. If you read thru the 95-page indictment the detais are staggering. I mean FBI agents were following these guys around and checking for what was in the freaking trash bags. Alot of details. These guys have so much money they dont know where to store. They were hiding large amounts of U.S. Currency around the estates. I know legends is open to other customers besides the folks in the States, but U.S. customers have to be their biggest source of business. If they cant do business with U.S. customers any longer, how do they stay above water?

I'm not sure from exactly what locations they accept customers but since a few months back they stopped accepting (and was told current accounts would be closed as well) customers from at least some European countries for reasons unknown.

Is there anything much about the greek being mentioned in all of this? Obviously saw the name in the indicment, and has to be some connection since they're the only they do b2b with and they dont even accept US customers in the first place.

[sweep]

Just shot an email to my offshore insider, keep it here SBR.

[Courtesywipe]

I'm not sure from exactly what locations they accept customers but since a few months back they stopped accepting (and was told current accounts would be closed as well) customers from at least some European countries for reasons unknown.

Is there anything much about the greek being mentioned in all of this? Obviously saw the name in the indicment, and has to be some connection since they're the only they do b2b with and they dont even accept US customers in the first place.

The connection with "the greek" in all of this is that 'he' was a big financial backer of legends. he lent the money for the building of the legends call center in panama estimated to between 1.5-3 million.

[djefferis]

First off, lets take this for what it is..an indictment. Its not a conviction, not a seizure nor is it a death sentence for the book.

Wasn't it 2 years ago CRIS/Bookmaker came under fire and they indicted Mickey? Hows that worked out for them?

Now, what we have here are ex operators who smartly got away from their business in the USA. Can they be prosecuted for past offenses...sure, can they stop current operations...not if the paper trail and layering are deep enough.

Interesting only that spiros is turning himself in...why? Could it be health issues and a desire to return "home" to the US?

Bottom line, this industry has withstood this before..and will continue to see this...especially if we ever get close to legalized online gambling. Big biz doesn't like small guys beating them out to a suckers money.

[Microphone]

Not like that was ever a closely guarded secret.

I wholeheartedly agree. If you follow this board or any sports betting board for any amount of time, the Feds and anyone for that matter can figure out who the "players" are in the big picture and how the money flows back and forth. We sometimes act on here like we're keeping some big secret. This is an open not closed forum.

At some point -- will have some big story coming out about them.

When books "voluntarily" get out of the US (Bet Jamaica/Greek), they aren't doing any favors for anyone except themselves and they had to know what was coming down the road. To their credit, they gave you a choice to keep spinning (Heritage) or get out. The BI people, although under totally different circumstances, weren't that lucky. When the red flags pop up and you actually have options, take advantage of them if your gut and lack of sleep tells you so.

[jmillionz]

Wonder if this will have any effect on 5dimes payment processors. Is it possible they were using any if the processors that are caught up in this?

[djefferis]

I highly doubt any current processors are caught up in this...the agents named were the processors, they collected and handled the accounts personally.

Knowing the areas in Oklahoma named, focus on tribal gaming misconduct likely helped in bringing the feds in..a lot of untaxed revenue and big seizure opportunity. These weren't guys sending 300 dollars at your local grocery store here.

[John Dough]

Wonder if this will have any effect on 5dimes payment processors. Is it possible they were using any if the processors that are caught up in this?

Not really. Agree with the post above (#90).

[thebod15]

delete

[thebod15]

http://www.citizen.com/news/2013-04-...g_illegal.html

He lives down the road from me...I better hide too

[dimaggio8]

my account mgr at my book said this was coming
didnt believe it but jesus

Johnp-

What book said it was coming?

[TheMoneyShot]

Not going to speculate on this.Put in 2 bets last night and had them graded out as normal.Going to see what shakes out today before getting too riled up.

Ask for a PO. Then post the results.

[bostonboss]

Ask for a PO. Then post the results.

this

[mighty maron]

Books that saw that the tide were turning

Bodog got out of the way and rebranded to Bovada...when the feds got bodog it was a shell

The greek spun itself out of the Us market, dissolved BetJam, and morphed or sold itself to Heritage...

in that way they were years ahead of the feds....

I do not know the fascination or stubborness of US serving books in keeping any funds in the USA

[TheMoneyShot]

I do not know the fascination or stubborness of US serving books in keeping any funds in the USA

2 angles to your question.

1. US has a decent turnaround in revenue for wagering.

2. The people who own and/or operate these books have property or assets in the US. Friends family.. etc.. They don't want to cut their ties here. If they were smart... they would relocate. But, quite possibly they didn't want to sell these high dollar assets to avoid further red flags? Sort of like... hey lets sweep it under the rug... hope no one sees us.

[pavyracer]

People need to understand that if you want to operate an offshore business targeting US citizens as players they need to renounce their US citizenships and never set foot again in the US or own any bank accounts and property in the US. It's very simple. You want to get rich by operating offshore gambling? Get the hell out of the US, renounce your citizenship and never set foot again here.

[John Dough]

People need to understand that if you want to operate an offshore business targeting US citizens as players they need to renounce their US citizenships and never set foot again in the US or own any bank accounts and property in the US. It's very simple. You want to get rich by operating offshore gambling? Get the hell out of the US, renounce your citizenship and never set foot again here.

This. Operations moved/started offshore for a reason.

[BrigadierPudding]

Interesting only that spiros is turning himself in...why? Could it be health issues and a desire to return "home" to the US?

Yes, he has grandchildren he wants to spend time with. That was the reason he closed Greek and BetJam to the US market. For all we know he could've made a deal with the feds at that time. The likely end result of this for him is forfeiture of some money and possibly a brief stint in prison.

[MBENZ]

Just called.Was told to call after 4 for c#. ,if not available then,anytime after 12 tommorow.Didn't seem different from any other time I've asked for withdrawal.Will post results when completed.

[rcene]

Damn they had all the whales betting with them. Whole lot of money

[Brooklyn Dick]

http://www.gambling911.com/gambling-news/law-enforcement-used-skype-wire-taps-sports-betting-probe-tied-legends-041113.html

[THE_LOCKSMITH]

I guess this is why they pulled Legends cash from the SBR Store