Bodog Investigation Leads to Money-Laundering Charges

[Mousey]

Sorry, if this has already been mentioned... I missed it...

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By Van Smith
Federal authorities in Maryland have filed money-laundering charges against two men, Edward Courdy and Michael Garone, who have figured in an ongoing investigation into the internet gambling empire Bodog. Both men were described in two forfeiture proceedings earlier this year, which resulted in the seizure of a total of $24 million from numerous bank accounts, as processors of illegal gambling transactions in the United States on behalf of Bodog.

The charges against Courdy and Garone were filed on Sept. 29, though...

edit: I found it in the News section. I've been so distracted lately I haven't kept up.

https://www.casinomeister.com/stati...-ASSOCIATES-CHARGED-WITH-MONEY-LAUNDERING.php

 

[Westland Bowl]

So what does this mean for Bodog? Are they going to shut down or what? Is all of this related to the sports-betting side of Bodog or to both sports-betting and casino games?

 

[Mousey]

Bodog is business as usual. The money laundering charges are against two payment processors ZIP and JDL or something like that. The US confiscated a few million$ of Bodog's and caused some delays in cashouts, but I think everything is pretty much as it was at Bodog.

It does mean that finding payment processors is no easy task.

 

[jetset]

Full details in this case are in Casinomeister News.