DOJ Busts Another Offshore Gambling WebsiteLegendz Sports Accused Of Taking Bets From Americans |
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The United States Department of Justice has busted online betting company Legendz Sports, based in Panama City, along with 34 individuals and 23 business entities associated with the operation, for allegedly taking illegal Internet bets from Americans.
A grand jury was convened in Oklahoma City to look at the allegations.
“These defendants allegedly participated in an illegal sports gambling business, lining their pockets with profits from over a billion dollars in illegal gambling proceeds,” the DOJ said in a statement. “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.”
Defendants are each facing up to 55 years in prison for a slew of crimes, in addition to forfeiting assets. Bartice “Luke” King is the alleged leader of the business.
The DOJ became notorious in poker circles in 2011 after it indicted the major offshore online poker sites in a move known by the industry as Black Friday. Similar accusations were leveled against PokerStars, Full Tilt Poker and Absolute Poker as are currently against Legendz Sports, which used to be called MVP Sports. PokerStars, the highest profile firm of the bunch, settled last year without admitting to wrongdoing.
Despite these type of indictments, online gambling is coming to the United States in a legal and regulated way. In a case of capital versus capital, the government has cleared the way for U.S.-based firms to devour the lucrative American market.
For the full DOJ press release click here.
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