Legendz Sports, which ended up being accused by prosecutors of offering Web and telephone gambling solutions almost exclusively to US gamblers, will forfeit profits in now a controversial ‘equitable sharing’ payout to law enforcement.
Legendz Sports’ illegal activities just helped law enforcement agencies’ important thing in brand New York and Florida.
That’s because various agencies in the Empire and Sunshine states are to benefit from $9.6 million in forfeited criminal assets for their roles in breaking up the online gambling that is illegal ring.
Forty individuals were arrested in April 2013 for activities linked to Legendz Sports, a company that handled over $1 billion in bets and managed a network that is large of sports betting web sites.
Charges included racketeering, money-laundering, and wire fraud.
The case began in Albany County, NY, with regional authorities investigating two prison guards have been suspected of acting as bookies for prisoners. From there, the investigation quickly distribute throughout the US, as FBI offices in Miami, Oklahoma, and Boston coordinated with the Albany County Sheriff’s office to intercept thousands of phone phone calls and e-mails that would lead to the eventually arrests.
The founder of Legendz Sports founder, Bartice ‘Luke’ King, from Oklahoma, is currently facing trial in Oklahoma City.
US Gamblers Targeted
Legendz sports, that was initially based in Costa RiContinue reading