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A former Republican party chairman allegedly stole $17,000 from political funds while fueling his online gambling habit. $27,300 of those funds were charged through Linwood Payment Solutions”, a processing company set up by the US Justice Department and Homeland Security.
Larry Carillo, the former Larimer County, Colorado, Republican Party Chairman is charged with theft between $1,000 and $20,000, a fourth-degree felony that carries a penalty of up to four years in prison and a $500,000 fine. A warrant for his arrest was issued on Tuesday.
The Homeland Security operation nabbed the owners of BetED.com after processing several million dollars of funds over a two year period.
It is unclear what company Carillo bet with as the investigation also named UB.com and Absolute Poker along with several websites owned by what is now BMaker.ag.
An eWallet solution, UseMyWallet, was also nabbed as part of the sting operation.
- Chris Costigan, Gambling911.com Publisher
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