Legendz Sports, which had been accused by prosecutors of offering Web and telephone gambling solutions almost exclusively to US gamblers, will forfeit profits in now a controversial ‘equitable sharing’ payout to law enforcement.
Legendz Sports’ illegal activities just helped police agencies’ main point here in New York and Florida.
That’s because various agencies in the Empire and Sunshine states are to benefit from $9.6 million in forfeited criminal assets for their roles in breaking up the online gambling that is illegal ring.
Forty individuals were arrested in April 2013 for tasks related to Legendz Sports, a company that handled over $1 billion in bets and managed a network that is large of sports betting sites.
Charges included racketeering, money-laundering, and wire fraud.
The situation began in Albany County, NY, with local authorities investigating two prison guards who had been suspected of acting as bookies for prisoners. After that, the research quickly spread across the US, as FBI offices in Miami, Oklahoma, and Boston coordinated with the Albany County Sheriff’s office to intercept thousands of telephone phone calls and email messages that would fundamentally induce the arrests.
The founder of Legendz Sports founder, Bartice ‘Luke’ King, from Oklahoma, is presently facing trial in Oklahoma City.
US Gamblers Targeted
Legendz sports, which was initially based in Costa Rica before relocating to Panama, Continue reading “Legendz Sports Case Yields Millions in Fines for Police Agencies”