Internet Betting and Accounts..........

[Blackbeard]

slap a RICO

I thought only Bover liked doing that

[Tomorrows Paper]

My point is that right now it's hard to say which books are safe and which are "shit." Would you have said before Sunday that four of the books right here at bc were "shit" books?????

I don't think it's hard at all - I have active accounts with four books - Pinny, 5Dimes, Jamaica, and the Greek - and feel 100% secure in every one.
I'd say the same about Bodog (I keep an account there during football season), VIP, and bet 365, all of which advertise here. All seven of those books have been graded very well by every major reviewer of sportsbooks. Most importantly, they have more than enough funds to pay out several times over.
As for the question, I wouldn't have directly called millenium or the other three "shit books," but I've never had an account there, and never seriously considered it.

[BettorsChat]

You are almost entirely wrong Monte. A small part of the indictment revolves around the fact that he was a bookie in FL during the early 1990's where he had already been arrested. Kaplan was charged with 20 felonies including wire fraud, RICO Conspiracy, interference with IRS laws, tax evasion and interstate transportation of gambling paraphernalia. BOS and their affiliated companies failed to pay federal wagering excise taxes on $3.3 billion in wagers. Undercover agents in St. Louis opened an account and wagered on-line. Since illegal commercial gambling across state and international borders is a crime and BOS accepted these bets they are breaking the law. This continued alleged criminal activity helped the Feds slap a RICO Conspiracy on them. And to top it off, they shipped some hardware and software from one of their companies in FL to Costa Rica that was used in their sportsbook which is a felony (interstate transportation of gambling paraphenalia). Hey, I think the whole thing is bullshit but the facts of the case needed to be put out there. It really has nothing to do with the shit he did as a small time bookie.

Who said he was a small time bookie then? If he was charged back then and BOS failed to pay then why was he able to leave the country?

[BettorsChat]

Wrong again. Federal excise taxes are based on volume of activity or sales and not on profitability. Corporate income tax is derived from profitability. Two completely different things. BOS is charged with failure to pay federal wagering excise taxes not income tax.

So they should pay taxes on 4.6 billion which still doesn't equate to 4.6 owed.

[Kaptain]

Kaptains Version

I have a friend who is an FBI agent, and he told me the following..........

They consider the income from this (4.6B) as a crime.......and the govt. is gonna try and get it all........he says it's like Corporate Crime, if someone is charged with stealing (4.6B), they don't just try and get the taxes on that figure...they go for it all....

The govt (as in Prohibition days) and (Mafia Gambling), can lose this case, so they use the Tax issues as a definite thing to at least get em with.......covering their asses so to speak......

It's a good question, if the $ was gained ilegaly, then the whole amount should be forfeited..........makes sense to me......all other crimes are handled that way....

......It's just a matter of making it hold up in court, and if it doesn't, then the taxes situation falls in place..........kapt

[BackDoorCvr]

So they should pay taxes on 4.6 billion which still doesn't equate to 4.6 owed.

It does seem excessive. Back taxes, pentalties and interest over quite a few years perhaps. My point was that federal excise taxes are not based on income which was the original statement.

[BackDoorCvr]

Who said he was a small time bookie then? If he was charged back then and BOS failed to pay then why was he able to leave the country?

My understanding is that there was no BOS back in the early 90's when he was charged (he was only charged with bookmaking). He left FL, moved to Costa Rica and started up BOS at that point. There has been no mention anywhere (not even in the press releases from the Dept. of Justice) that he is a fugitive and skipped out of the country when he was out on bail for that original arrest in 1993. As such, it appears that he did his time or paid his penalty for his bookie charge and decided to move to Costa Rica. This is why he was able to leave the country. Please correct me if anyone has seen or read something different but he has not been wanted in the US for fleeing the country in 1993.

[Tomorrows Paper]

I have a friend who is an FBI agent, and he told me the following..........

They consider the income from this (4.6B) as a crime.......and the govt. is gonna try and get it all........he says it's like Corporate Crime, if someone is charged with stealing (4.6B), they don't just try and get the taxes on that figure...they go for it all....

The govt (as in Prohibition days) and (Mafia Gambling), can lose this case, so they use the Tax issues as a definite thing to at least get em with.......covering their asses so to speak......

It's a good question, if the $ was gained ilegaly, then the whole amount should be forfeited..........makes sense to me......all other crimes are handled that way....

......It's just a matter of making it hold up in court, and if it doesn't, then the taxes situation falls in place..........kapt

That's interesting...
What are the planning to do with the money if they recover it - use it to keep fighting this "crime?"

[phonepole]

Got this in an e-mail today...

"There will be NO U.S. Senate Action
soon on H.R. 4411, Online Gambling Bill".
Washington (Reuters)

A bill to ban internet gambling is facing some major opposition in the U.S. Senate and will NOT come up for vote before the chamber takes its August recess, an aide to the U.S. Senate majority leader said on Thursday.

Backers of the bill (view the list) hoped to push it through the U.S. Senate quickly this month in light of David Carruthers, chief executive of BETonSports Plc, arrest on several felony charges.

[savage1]

I wonder if there will be any payoffs to influence the votes in the Senate. Nah of course not-we all know that politicians and elected representatives are the most honorable men on the face of the planet.

[savage1]

I think sometime in the next few years if the legislation passes the Senate(a big if) and people continue to bet online with Offshores which ignore the legislation, that the Govt. may get a warrant, tap someone's(or more than one) computer who they know is gambling, bang on his(their) door arrest him and confiscate his(their) computer.
They have done it with Locals, and for me this is the next logical step if they really want to instill fear into folks.
Does anyone else agree with me and/or do you think it is too far fetched?

[JimmyBlaze]

I think savage1 is a govt shill here to post shit. Fuck off.

[savage1]

I think savage1 is a govt shill here to post shit. Fuck off.

Well I know one person who is worried. lol
ps just call me Dr Savage and Mr. Hyde(actually Clark Kent and Superman).

[JimmyBlaze]

I see a trend in your posts, which leads me to believe you are a big fucking phony.

[wayne1218]

Jimmy,

Try to tone down the harsh words a little please!