TEXAS ONLINE GAMBLING FRAUDSTER JAILED FOR A DECADE

4 May 2007

Restitution payments totalling $915 000 ordered

Smooth talking Robert Eon Marshall (58) of Fort Worth Texas will be a guest of the state correctional system following his sentence this week to 10 years imprisonment for an Internet gambling-related scam that disadvantaged 41 mainly elderly and retired victims.

The con man is also required to pay back $915 000 of his ill gotten gains from the scam, reports Associated Press.

At least 41 people - mostly elderly victims using retirement dollars - lost money to Marshall, who pleaded guilty to mail fraud in cases that go back to 2003. Prosecutors revealed that Marshall founded a group of companies under the title ECM Group, which was associated with online gambling websites Double Your Money Casino.com and World Poker Party.com.

Marshall sold investors $10 000 shares in his operation, which he claimed was an affiliate scheme that received a percentage of the losses of the gamblers he referred to the gambling sites. However, federal authorities involved in the case said that Marshall well knew that his business model generated less than a thousand dollars in total for the company.

Despite this, Marshall claimed to potential investors that in 2003 and 2004 the company was successful, and this was exacerbated when he mailed false financial reports to encourage further investment, prosecutors said.

Online Casino News courtesy of InfoPowa

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