Finnish player charged with fraud & his parents with money laundering

ternur

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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.
 

Tirilej

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So what did the players parents do, or don't do and how could he be paid that much without being verified?
 

ternur

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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".
 

Tirilej

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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.
 

ternur

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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.
 

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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.
 

mack341

Experienced Member
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
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 ?
 

ternur

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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 ?
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

Experienced Member
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.
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.'

 
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