Wednesday, February 29, 2012

Four Canadians charged with illegal internet gambling by U.S. authorities

The Bodog gambling site has been shut down by U.S. federal prosecutors. Four Canadians have been charged including the founder of the site CalvinAyre.

The four are charged with illegal gambling. The site generated more than 100 million dollars in winnings the prosecutors claim. The domain name was seized a couple of days ago. These arrests follow prosecutions last year of three of the largest on-line poker websites.

Seventy five bank accounts in 14 countries have been frozen. The federal authorities have assessed 3 billion in fines and restitution as a result of those investigations.

If convicted the Canadians each face up to five years in prison for running an illegal gambling business and 20 years for money laundering. Ayer claims that Bodog UK, Europe and Asia have never taken bets from the U.S. He is consulting legal advisers to try to get his domain back. For much more seethis article.

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