Maryland Police 'Paid' for Sting of Online Betting Money Processors

Published Thursday, June 02, 2011 - Online-Casinos.com

After 10 more domain locations were seized by court order in Baltimore, Maryland recently a news item has appeared in the Baltimore Sun newspaper explaining that the Anne Arundel County police department in Maryland has hit the ‘jackpot’.
The department is receiving nearly a half-million dollars for working with the Homeland Security Investigations office in Baltimore which closed down the internet businesses. The 13-month sting operation which was called "Operation Texas Hold'em" netted millions of dollars. County

Executive John R. Leopold called it "the single largest asset distribution in county history", after accepted a check for $470,407.62 as payment for helping in the sting operation.
Federal investigators in Baltimore set up a shell company which processed $33 million in transactions from online gamblers in the States. The sting led to the indictment of two online betting companies and their international owners. Authorities commented that 11 bank accounts were seized in five countries.

Maryland’s Attorney Rod J. Rosenstein pointed out that it was strictly illegal for internet gambling enterprises to do business in Maryland regardless of where the website operator was situated. He went on to say that foreign operators should not be allowed to “flout the law” simply because they were not located in the USA.
Homeland Security Investigations, and its fake payment-processing business, infiltrated online betting resulting in a half-dozen Internet gambling companies using it to process more than 300,000 transactions in a two-year period.

Those charged were ThrillX Systems Ltd. and its owners allegedly from Canada and K23 Financial Services and its Costa Rican owner. The indictments state these firms were running an illegal gambling business and money-laundering operations through websites such as Truepoker.com and Funtimebingo.com.
County Executive Leopold said the money received from the feds will help pay for new undercover vehicles and equipment used in other investigations involving the police department and other government agencies.

 

 

 

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