5dimes agrees to settlement with US....

**PD77** · 09-30-20, 02:18 PM

Source?

**Drydin** · 09-30-20, 02:20 PM

5Dimes reaches $46.8M settlement with feds

https://www.espn.com/chalk/story/_/id/30009851/costa-rica-based-sportsbook-5dimes-reaches-468-million-settlement-feds

As part of its settlement with the U.S. government, sportsbook 5Dimes agreed to pay $15 million in cash, forfeit more than $30 million in assets and stop accepting wagers from U.S. customers while operating out of Costa Rica.

**milwaukee mike** · 09-30-20, 02:21 PM

Offshore Internet Sports Betting Company Agrees to Forfeit Over $46.8 Million in Proceeds to Resolve Criminal Investigation

https://www.justice.gov/usao-edpa/pr/offshore-internet-sports-betting-company-agrees-forfeit-over-468-million-proceeds#:~:text=In%20order%20to%20resolve%20the,proceeds%20of%20various%20unlawful%20gambling%2D

**Fitz030808** · 09-30-20, 02:22 PM

Sorry gents, I was just trying to relay as much info as I found on twitter. I wouldn’t give them a cent for screwing customers in futures.

**PD77** · 09-30-20, 02:34 PM

Interesting read, I guess 5dimes has more money than most people thought. I knew they had a ton of cash reserves.
Ive asked this three times and SBR skirts the answer every time, Who owns BAS if it’s not 5Dimes and why do they have an A- rating and been in business since 2000?
I won’t ever play with 5Dimes again, in Costa Rica or in the US. I’m sure Tony would be proud.

**Roger T. Bannon** · 09-30-20, 02:41 PM

That's pretty cheap compared to what the Euros had to pay for DraftKings and FanDuel. 5Dimes is a multi-billion dollar business.

**Roger T. Bannon** · 09-30-20, 02:46 PM

Question: Who is going to bet at 5Dimes after what they did to US gamblers?

Answer: EVERYBODY

**Shifty** · 09-30-20, 02:52 PM

That Amazon gift card scheme did them in. They got caught buying large amounts of gift cards which they used for payouts. That's when the Feds started going after them.

**Brock Landers** · 09-30-20, 02:54 PM

5Dimes settles with US justice department

Paving the way to enter.

Amazing news

Pinnacle has to join them!

**Brock Landers** · 09-30-20, 02:54 PM

https://twitter.com/DavidPurdum/status/1311382013509861376?s=08

**Roger T. Bannon** · 09-30-20, 02:54 PM

They are paying 48 million dollars to the US. They will make that in one month one of these days.

**Brock Landers** · 09-30-20, 03:09 PM

Huge news

Offshore Internet Sports Betting Company Agrees to Forfeit Over $46.8 Million in Proceeds to Resolve Criminal Investigation

https://www.justice.gov/usao-edpa/pr/offshore-internet-sports-betting-company-agrees-forfeit-over-468-million-proceeds#:~:text=In%20order%20to%20resolve%20the,proceeds%20of%20various%20unlawful%20gambling-

**pologq** · 09-30-20, 03:10 PM

very interesting article. if they got them on money laundering why not the other books that have processors thru 3rd parties?

**Roger T. Bannon** · 09-30-20, 03:16 PM

Originally posted by pologq

very interesting article. if they got them on money laundering why not the other books that have processors thru 3rd parties?

If they made a deal with 5Dimes, they are going to make a deal with all of them and it is going to be dirt cheap if this is an indication.

**pologq** · 09-30-20, 03:16 PM

i really hope this is not a sign of things to come since i am in ny

**capitalist pig** · 09-30-20, 03:29 PM

So they got busted for c c transactions using a third party processor , money laundering and tax evasion

So if they were looking at 5 dimes you know they are looking at all USA facing books for 3rd part c c transactions which the doj release says are illegal to process for offshore gambling

**Roger T. Bannon** · 09-30-20, 03:29 PM

5 Dimes entering the US market is a good thing because it pushes forward the American market potentially by decades compared to what it would take without the offshores stepping in. These books and step in and take action whereas books that developed in the US were going to take forever to learn how to book.

**Roger T. Bannon** · 09-30-20, 03:31 PM

Originally posted by capitalist pig

So they got busted for c c transactions using a third party processor , money laundering and tax evasion. I read the whole thing there is no mention of being able to operate in the USA.

So if they were looking at 5 dimes you know they are looking at all USA facing books for 3rd part c c transactions which the doj release says are illegal to process for offshore gambling

No, 5Dimes is coming clean and getting in good graces so they can be legit in the US. So now what are the others going to do. Pinnacle can pay a similar fee and get in when they get ready. BETCRIS and BetOnline will have to stop taking US action but BETCRIS has a deal with the NFL so they may just hold out until they can just move right in.

**Shifty** · 09-30-20, 03:33 PM

Originally posted by Brock Landers

Paving the way to enter.

Amazing news

Pinnacle has to join them!

No way they'll get approved by a state regulator anytime soon. Pinnacle has a better chance.

**CanuckG** · 09-30-20, 03:35 PM

https://twitter.com/5DimesSB/status/1311403947882688522

**Roger T. Bannon** · 09-30-20, 03:35 PM

Originally posted by Shifty

No way they'll get approved by a state regulator anytime soon. Pinnacle has a better chance.

If you are a state, do you want 5Dimes offering bets or do you want pint-sized outfits? You want to make money and you make money with big operators. If you were not willing to play a little dirty, you would not legalize gambling to begin with.

**pologq** · 09-30-20, 03:36 PM

i like how it says they did not disclose any names of their bettors

**pologq** · 09-30-20, 03:37 PM

Originally posted by Roger T. Bannon

If you are a state, do you want 5Dimes offering bets or do you want pint-sized outfits? You want to make money and you make money with big operators. If you were not willing to play a little dirty, you would not legalize gambling to begin with.

i am hoping this wakes cuomo up and he sees a big outfit than can handle it right and he lets NY gamble

**Roger T. Bannon** · 09-30-20, 03:39 PM

Originally posted by pologq

i am hoping this wakes cuomo up and he sees a big outfit than can handle it right and he lets NY gamble

You have to cut these guys a little slack. This is moving extremely fast. Nobody thought this would roll out as fast as it has and they are unprepared. These states that legalized really jumped on board incredibly fast.

**Shifty** · 09-30-20, 03:42 PM

Originally posted by Roger T. Bannon

If you are a state, do you want 5Dimes offering bets or do you want pint-sized outfits? You want to make money and you make money with big operators. If you were not willing to play a little dirty, you would not legalize gambling to begin with.

Sharp guys who worked offshore can't even get jobs in the states. The casinos don't want to hire them. Maybe the name could be sold but is it really worth anything after what just happened?

**capitalist pig** · 09-30-20, 03:42 PM

This statement from the doj doesn’t sound very promising for letting them operate in the USA , you cannot commit all those federal crimes and all the sudden every thing is okay

Through our 5Dimes investigation, Homeland Security Investigations illuminated a massive global network of criminals whose profession was to launder proceeds for drug cartels, kleptocratic regimes, illegal mining operations, and fraudsters,” said Brian A. Michael, Special Agent in Charge, HSI Philadelphia. “Today’s announcement of the global settlement agreement and significant monetary seizures demonstrates HSI’s commitment with our partners to deny criminal organizations the financial proceeds of their illicit activities.”

**Roger T. Bannon** · 09-30-20, 03:47 PM

Originally posted by Shifty

Sharp guys who worked offshore can't even get jobs in the states. The casinos don't want to hire them. Maybe the name could be sold but is it really worth anything after what just happened?

There are not any jobs in the US. What are they going to do? US books just need marketing.

As for 5Diees. it is one of the largest bookmakers in the world. They paid their fine. Not sure exactly how hard it is going to be for them to get licensed. They are in the clear now. I think people might be overestimating the ethical requirements for a gambling operation in a state. It's pay to play.

**angelo3718** · 09-30-20, 03:48 PM

does anybody have money in 5 dimes and have not got paid yet? its been 5 days and i still have not recieve my funds

**angelo3718** · 09-30-20, 03:49 PM

trump has commited federal criimes so why not let 5 dimes in the market

**angelo3718** · 09-30-20, 03:51 PM

5 dimes owning money to us clients

anybody out there still have not recieved their funds from 5 dimes, they promised everybody would be paid today

**capitalist pig** · 09-30-20, 03:57 PM

Originally posted by pologq

i like how it says they did not disclose any names of their bettors

They didn’t have to the names were on all the c c transactions the doj looked at

**DontTailMe** · 09-30-20, 04:23 PM

Originally posted by angelo3718

does anybody have money in 5 dimes and have not got paid yet? its been 5 days and i still have not recieve my funds

Yes, a lot of people still have money in 5Dimes, and they are still getting paid. Just look at the other 5Dimes thread for examples. The backlog is more like 10-15 days, so it's not surprising that you haven't been paid yet.

**PD77** · 09-30-20, 05:23 PM

Originally posted by CanuckG

https://twitter.com/5DimesSB/status/1311403947882688522

what did the tweet say? It’s been deleted now. Did the 5dimes guy go off the deep end again?

**HedgeHog** · 09-30-20, 05:37 PM

If and when 5D enters the US market, it will be in name only. There will be no reduced juice or endless parlay opportunities. So why would anyone with a clue bet with them---especially after the way they left the US market?