ISRAELI ONLINE GAMBLING RING BUSTED

1 February 2008

Police have still to release identities of seven people arrested over the weekend


The Jerusalem Post reports that seven people were arrested and 15 others were detained for questioning on suspicion of running an illegal online gambling ring, worth hundreds of millions of shekels a year, following a weekend police operation.

Police revealed that those arrested are also suspected of laundering hundreds of thousands of shekels in profits.

The police spokesman told reporters that the sting investigation, which involved an undercover officer, indicated that several underworld figures helped the suspects launder the money via a Ramat Gan money changer who transferred part of the funds to foreign bank accounts.

As we went to press the police had not yet released details of those involved.

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