get your money off of legends NOWWWWWWWWWW

[pavyracer]

Breaking News On CNN Regarding Sportbook Indicments

http://www.cnn.com/2013/04/10/justice/online-gambling-indictment/

Looks like it's Legends and a bunch of others.

[TheMoneyShot]

This is a sad day for many reasons. But take a good look at the amount for 7 years etc... in my eyes... it's not that much. That's all the evidence they have in 7 years? It's just enough to collect taxes on... and they are going to threaten with long term jail sentences etc. This is the link for people ratting other people out... hey give me some names... we'll lessen the sentence. If you own and operated a SB outside the US... and you're linked in someway to US money... you're done. It's just a matter of time. I honestly thought they'd stop.... but they aren't stopping until everyone is out.

[pavyracer]

So what book is next?

later

5Dimes will be my guess.

[pavyracer]

This is a sad day for many reasons. But take a good look at the amount for 7 years etc... in my eyes... it's not that much. That's all the evidence they have in 7 years? It's just enough to collect taxes on... and they are going to threaten with long term jail sentences etc. This is the link for people ratting other people out... hey give me some names... we'll lessen the sentence. If you own and operated a SB outside the US... and you're linked in someway to US money... you're done. It's just a matter of time. I honestly thought they'd stop.... but they aren't stopping until everyone is out.

They have bank transfers in the millions, million dollars houses and private jets. When IRS looks at your tax returns and sees a $60,000 return how are they going to justify the money in the bank and the properties they own?

[Carseller4]

Legends only does transfers to "The Greek"

[konck]

Heard there was a big raid in Florida

34 arrested owners of Legends and BI
Trying to confirm

[konck]

Dont say the BI word you get a pt for that

[Brooklyn Dick]

http://calvinayre.com/2013/04/10/business/legendz-sports-indicted-by-department-of-justice/

[The Kraken]

LVbound set up a sting over the 17 dollars he lost at BI

[konck]

The US Justice Department announced Wednesday that dozens of individuals and businesses associated with Legends Sports have been indicted. Charges include racketeering, conspiring to commit money laundering, money laundering, and operating an illegal gambling business. The 95-page indictment seeks a default judgment of at least $1 billion.
The indictment was handed down by a grand jury in Oklahoma.

US Attorney Sanford C. Coats of Oklahoma's Western District stated: "The defendants cannot hide the allegedly illegal sports gambling operation behind corporate veils or state and international boundaries. I thank the IRS and FBI for their diligent work over several years to investigate this billion dollar international gambling enterprise."

Sportsbook Review.com will seek comment from Legends executives and update this report as more information becomes available.

[dfish]

Ballpark figure DOJ spent to uncover these "Overt Acts" ?

[BennyBigNuts]

There is already a thread on here for it. Game over Sportscrooks I mean sportsbooks overseas. Lol.

[the_orangekat]

Your money is lost, as another poster said NO ONE WILL RELEASE MONEY NOW THAT JAIL TIME IS RUMORED FOR ACCESSORIES. This is BAD news.

[TheMoneyShot]

5Dimes will be my guess.

why would you say 5D though? Tony has made it known... that he will be the last guy standing no matter what.

[konck]

If your in legends

[johnpendred]

anyone with an account call legends and see what they say????????/

[sneak-a-peak]

If your in legends

Thats if your n ANY book

The writings been on the wall for quite some time

This will eventually happen to them all

Big brother has access to EVERYTHING

No one can hide

[pavyracer]

why would you say 5D though? Tony has made it known... that he will be the last guy standing no matter what.

Well Legends is out, The Greek owner is indicted too, pinnacle made a deal with the feds a few years back to get out of US so the next big fish to fry is 5Dimes.

[Emily_Haines]

Well Legends is out, The Greek owner is indicted too, pinnacle made a deal with the feds a few years back to get out of US so the next big fish to fry is 5Dimes.

or bookmaker

[TheMoneyShot]

Well Legends is out, The Greek owner is indicted too, pinnacle made a deal with the feds a few years back to get out of US so the next big fish to fry is 5Dimes.

It seems like the feds are going after people who own property or have assets in the US. If Tony is the head honcho over there... and has no ties to the US besides taking US money... I don't think they can do anything to him. Every person so far had property or investments here in the US. Even the dude from Pinny. So... if you have no ties to the US... you're ok.

[allin1]

It seems like the feds are going after people who own property or have assets in the US. If Tony is the head honcho over there... and has no ties to the US besides taking US money... I don't think they can do anything to him. Every person so far had property or investments here in the US. Even the dude from Pinny. So... if you have no ties to the US... you're ok.

so I hear sbr has a sportsbook, does that mean sbr_john should stay out of us?

[goldgloverover]

It seems like the feds are going after people who own property or have assets in the US. If Tony is the head honcho over there... and has no ties to the US besides taking US money... I don't think they can do anything to him. Every person so far had property or investments here in the US. Even the dude from Pinny. So... if you have no ties to the US... you're ok.

Any books that have no property or assets in the United States will be fine, but there's a trickle down effect. They'll go after processors who are knowingly (and unknowingly) handling transactions to offshore books from US CC accounts attached to US Banks. So then it's W----U only, but W-----U will get tax subsidies to make cash transfers to 'hot' markets like Costa Rica and Nicaragua not worth it to the books.

So then the books shut out US players entirely because it's not worth the hassle. So even though you can protect yourself with an extra layer of insulation by not having any US assets, they'll find a way. It'll take more time than if you're living in New Hampshire making bank transfers, but it'll happen. It'll probably take 5 years. By then, hopefully there'll be a more widely regulated market in the US that's legal for bettors there, but that could be 15-20 years away. So you could be talking about a decade gap where it's either too difficult to find an offshore book willing to deal with the hassle of US players or your money is getting sucked up and books indicted so fast that it's not worth it.

Enjoy the next few years and keep a finger on the rails. You feel the vibration before you see the train.

[allin1]

"Today's charges demonstrate that we are as determined as ever to hold accountable those involved in facilitating illegal online gambling by U.S. citizens, regardless of where the business operates, or where the defendants reside."

[psbaseballfan27]

Ok so should I assume that money from legends is gone and move on? Its not much relatively speaking and I never sent my id to them (I never win anyway lol)

[SBR Forum]

Ok so should I assume that money from legends is gone and move on? Its not much relatively speaking and I never sent my id to them (I never win anyway lol)

What Legends has stated publicly is that there is no reason for users to be concerned about their funds and history shows in most cases user balances and day to day operations are unaffected. What we know is that indictments relating to gaming where they accept business from US users or have done business within the US is not uncommon. But, players should do what they feel is in their best interest and safest for them.

[combination lock]

Its over with guys. You would have to be certifiably insane to keep a significant amount of cash in any of these books. Just a few years ago I had 30 g's in a book and felt comfortable. Today I say hell to the nizzo

[robmpink]

Did you create two fluff articles to bury this headline news on your front page? Seems so.

[poker6469]

this book is never going to be a safe out again,flagged forever

if you keep a penny in this book you are stupid.

[pavyracer]

What Legends has stated publicly is that there is no reason for users to be concerned about their funds and history shows in most cases user balances and day to day operations are unaffected. What we know is that indictments relating to gaming where they accept business from US users or have done business within the US is not uncommon. But, players should do what they feel is in their best interest and safest for them.

You are putting your reputation on the line here. Don't do another BI fiasco when you were telling players everything was safe 3 weeks after BI went busto.

[Carseller4]

What Legends has stated publicly is that there is no reason for users to be concerned about their funds and history shows in most cases user balances and day to day operations are unaffected. What we know is that indictments relating to gaming where they accept business from US users or have done business within the US is not uncommon. But, players should do what they feel is in their best interest and safest for them.

This is good to know.

Thanks SBR for the update!

[robmpink]

This is good to know.

Thanks SBR for the update!

[packman]

if you keep a penny in this book you are stupid.

If you keep a penny in ANY book you are stupid.

[poker6469]

If you keep a penny in ANY book you are stupid.

[johnpendred]

http://www.wesh.com/news/central-flo...?absolute=true

http://www.wesh.com/blob/view/-/19698784/data/1/-/txy97pz/-/Read-the-full-indictment.pdf

____________________________

Edit by SBR Forum:

What Legends has stated publicly is that there is no reason for users to be concerned about their funds and history shows in most cases user balances and day to day operations are unaffected. What we know is that indictments relating to gaming where they accept business from US users or have done business within the US is not uncommon. But, players should do what they feel is in their best interest and safest for them.

how much did legends pay you to swiftly edit/add to this?

where did they "state this publicly"?

[gauchojake]

What's Up With Legendz?

Ummmm yeah. Business as usual.