Legal
August 17, 2022
NY Shoe Repair Doubled as an Illegal Casino
Sal’s Shoe Repair, a shoe repair shop in New York, allegedly doubled as an illegal Mafia-owned casino, the police found out. According to the law enforcers, the family which operated the gambling venue was earning substantial revenues from the illegal operations. Prosecutors claim that the ringleaders would then launder the earned money through cash transfers. […]
Legal
August 16, 2022
35 Suncity Junket Defendants Plead Guilty
China continues to crack down on junket operators who it argues have been flouting the rule of law by engaging in cross-border gambling. In the latest such development, Beijing moved against 35 individuals who are linked to Macau’s Suncity junket operator, who has pled guilty to the charges against him. Suncity Group Defendants Plead Guilty […]
Legal
August 15, 2022
Convict Enticed Investors with Betting Opportunities
A man from Las Vegas allegedly scammed dozens of investors with promises of lucrative sports bets. He claimed he could generate double-digit profits by using an intricate algorithm and placing successful wagers. At the end of the day, his promises were too good to be true and he ended up stealing $8.5 million, his indictment […]
Casino
August 15, 2022
Wanted Chinese Online Casino Businessman Nabbed in Thailand
Police in Bangkok, Thailand has led a raid against a Chinese businessman who is wanted back in mainland China and is subject to an international arrest warrant. The man, one She Zhijiang, aged 40, has eluded Chinese authorities since 2012, according to local media outlets, but he will now face charges of running an illegal […]
Legal
August 12, 2022
Chile Casino Executives’ Homes Raided Amidst Suspected Collusion
Chile’s gaming industry scenery is not looking as bright as it could be and industry moves aren’t hitting their stride as some might have expected, so a closer look at the future doesn’t inspire too much confidence – not for the industry, and not for investors. Multiple Possible Reasons for Raids Diario Financiero (DF) reported […]
Casino
August 12, 2022
Pharmacy Owners Conned Millions of Dollars by “Friendly” Bookkeeper
A family-owned pharmacy was facing some tough times back in 2011 and a family “friend” offered a helping hand. A hand, that went on to steal millions of dollars from them for almost seven years. Four Years, Eight Months Jail Time Although reports differ on the exact amount, with some stating north of AU$3 million […]
Casino
August 12, 2022
South Korean Police Busts Major Illegal Online Gambling Scheme
The South Korean police busted an intricate scheme of illegal online gambling websites that have been operating for years catering to the gambling cravings of foreigners in a country where online gambling is banned. 11 People Were Arrested Initially, the South Chungcheong Province police captured 17 people but only 11 were arrested. Allegedly these individuals […]
Casino
August 11, 2022
All Members of Las Vegas Trio who Bent Cards to Cheat Arrested
Counting cards in Las Vegas is usually a minor offense relevant only to the affected casino. Bending cards to get ahead in the game is a crime, though, and so, the final man of a trio who allegedly stole $126,000 from table games at the Paris Las Vegas, The Wynn and Planet Hollywood, was finally […]
Casino
August 11, 2022
Church Manager for Diocese of London Stole $6M to Gamble
Depending on your philosophical bent, gambling may or may not be a sin. While this question leaves some room for theological debate, the theft of church funds is usually subject to man-made laws. As such, a former Church of England official was charged with defrauding a charity of more than £5 million ($6.11 million) that […]
Blockchain
August 2, 2022
Alleged $300M Crypto Ponzi Scheme Targeted by US SEC
A pyramid scheme is not a sustainable business model on the blockchain either and Forsage is about to come to the same conclusion. Multinational Operation Worth More Than $300M On Monday, August 1, 2022, the United States Securities and Exchange Commission (US SEC) issued a press release about charging 11 people relating to the alleged […]
