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Finnish player charged with fraud & his parents with money laundering

Discussion in 'Casino Industry Discussion' started by ternur, Aug 21, 2018.

    Aug 21, 2018
  1. ternur

    ternur A damn fine cup of coffee CAG webby mm3

    Occupation:
    Lawyer
    Location:
    Finland
    A Finnish player has been charged with fraud and and his parents with money laundering: they fleeced a maltese online casino for the amount of 252.538,57 EUR between April 24 2017 and May 22 2017 because of a system malfunction. The player was also underaged at the time.

    The player was able to make withdrawals and reverse the withdrawals and have the funds credited twice this way. They did it over 400 times.

    The verdict will be announced September 3, 2018.
     
    ladyhawke and Mouche12 like this.
  2. Aug 21, 2018
  3. Tirilej

    Tirilej Still a Lady CAG

    Occupation:
    Breathing
    Location:
    Sweden
    So what did the players parents do, or don't do and how could he be paid that much without being verified?
     
  4. Aug 21, 2018
  5. ternur

    ternur A damn fine cup of coffee CAG webby mm3

    Occupation:
    Lawyer
    Location:
    Finland
    His parents received transfers from his bank account. And a motorcycle :eek:

    I guess he really fell through the cracks. The parenting leaves a lot to be desired too. The parents knew his was gambling when he told them and gave them some of his "winnings".
     
    Mouche12 and goatwack like this.
  6. Aug 21, 2018
  7. Tirilej

    Tirilej Still a Lady CAG

    Occupation:
    Breathing
    Location:
    Sweden
    I must have taught my daughter the wrong things. She always wanted my money. No transfers the other way around :)
    I wonder how a parent will react who doesn't know about gambling online, maybe hardly the internet and are suddenly told about winnings. They should of course question it but I doubt many would.
     
    ladyhawke, Mouche12 and ternur like this.
  8. Aug 21, 2018
  9. ternur

    ternur A damn fine cup of coffee CAG webby mm3

    Occupation:
    Lawyer
    Location:
    Finland
    This case is a good example why casinos might ask you where the funds originate when doing source of funds or source of wealth requests. It's simple not enough to show that funds came from your bank account.
     
  10. Sep 3, 2018
  11. ternur

    ternur A damn fine cup of coffee CAG webby mm3

    Occupation:
    Lawyer
    Location:
    Finland
    The court handed down their judgement in this case today.

    The player was found guilty of aggravated fraud and received a suspended sentence of 1 year and 2 months. The parents were found guilty of aggravated money laundering and money laundering, and received suspended sentences of 5 months and 60 days.

    The player was also ordered to pay back €132.000 to the casino. This was the sum that the casino paid to the players bank account because of the malfunction in their systems.
     
  12. Sep 3, 2018
  13. mack341

    mack341 Full Member

    Location:
    south east england
    This is the most interesting bit for me, not that I wish to replicate their fraud, but am intrigued to know what/how it happened, maybe a game was giving out too many wildlines and the underage person told his parents about it and they piled in ?
     
  14. Sep 3, 2018
  15. goatwack

    goatwack Calendar Time for Buddy CAG

    Occupation:
    Stuntman
    Location:
    Londonia
    Suspended sentences......that'll teach 'em!
     
    rena35, ladyhawke and ternur like this.
  16. Sep 3, 2018
  17. ternur

    ternur A damn fine cup of coffee CAG webby mm3

    Occupation:
    Lawyer
    Location:
    Finland
    There was an error in the casino's systems. The player made a withdrawal and then reversed it. The money got credited back to their casino account but at the same time went to processing and was paid to their bank account.
     
    mack341 likes this.
  18. Sep 3, 2018
  19. ternur

    ternur A damn fine cup of coffee CAG webby mm3

    Occupation:
    Lawyer
    Location:
    Finland
    Finnish sentencing guidelines are lenient to put it mildly. :rolleyes:
     
    Jasminebed, ladyhawke and goatwack like this.
  20. Sep 3, 2018
  21. mack341

    mack341 Full Member

    Location:
    south east england
    Sorry I've been a massive dimwit, not for the first time too I'll admit :oops:, the answer was right in front of me in your first post
    'The player was able to make withdrawals and reverse the withdrawals and have the funds credited twice this way. They did it over 400 times.'

     
    ternur likes this.

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