..

BetED.com: Online Bookies Smell Rats

Written by:
C Costigan
Published on:
Jun/21/2011
BetED.com

Gambling911.com can now reveal exclusively that the reason online bookmakers have stayed clear of any so-called “bailout deal” with the “owners” of BetED.com has to do with the notion that they simply cannot be trusted.

“These are guys who, after being indicted, entered their office and began smashing all the computers and chasing the employees away,” a source told Gambling911.com while in Costa Rica, the hub for online gambling establishments catering to North American players. 

BetED.com and its two “owners” found themselves caught up in a sting operation conducted by the US Attorney’s Office out of Baltimore.  That office set up a phony payment processing business, indicting David Parchomchuk and Darren Wright, naming them as “owners” and seizing millions of dollars.  BetED shut its doors almost immediately and are yet to pay players. 

Both men claim they are not owners of BetED.com.

“Well Darren must have been a pretty important employee then since he had the biggest office in all of Costa Rica,” another individual told G911. 

A number of bookmakers and sportsbook operators expressed privately to Gambling911.com their fear that the two BetED representatives were prepared to work with law enforcement, specifically the US Attorney’s Office in Baltimore. 

Last week, Heritage Sports, a well-established betting firm, reportedly pulled out of a deal with BetED.com according to the website Covers.com.  Representatives from BetOnLine.com, also mentioned as “being in talks” regarding a potential bailout, expressed reservations about dealing with Wright and Parchomchuk. 

“I wouldn’t go near these guys with a ten foot pole,” one bookmaker not involved in discussions with BetED told Gambling911.com last week. 

After nearly five years of investigating Internet gambling businesses, the Baltimore probe is widely believed to have started winding down, according to numerous sources familiar with the matter.

Affected players are encouraged to file claims with the US Attorney's Office out of Baltimore in order to recover funds.  Washington State players are discouraged from doing so as you would be in violation of local state laws. 

- Chris Costigan, Gambling911.com Publisher

Gambling News

Can't Bet the Illini From Illinois

Can't Bet the Illini From Illinois

Licensed Illinois sports betting apps do not permit wagering on in-state college teams.  You can get around this by signing up with a sportsbook licensed outside the state but still accessible within Illinois. 

Newest Downtown Vegas Casino Set to Open, Pandemic or Not

Newest Downtown Vegas Casino Set to Open, Pandemic or Not

If the 1,000-seat sports betting auditorium at the Circa Resort & Casino doesn’t get you, maybe the six rooftop swimming pools will.

The Buffet is Back at Hard Rock Casino....But Reinvented

The Buffet is Back at Hard Rock Casino....But Reinvented

Hard Rock Hotel & Casino Atlantic City is the first casino in Atlantic City to reopen their buffet as a new socially distanced all-you-can-eat concept. The newly reopened Fresh Harvest safely delivers all the classic comforts and international favorites of a buffet straight to the table for a one-time price of $29.99 per person. 

How Much Money Can You Make from Gambling?

If you are looking to make money from the gambling industry then you need to look at it from the simple way of the house and the player. The house always wins, is not just a saying, it is a reality. Over the long term players always lose, and just look at Vegas and other casinos around the world.

Accusations Levied Against William Hill for Cheating on In-Game Bets

Accusations Levied Against William Hill for Cheating on In-Game Bets

Nevada's William Hill operations have been accused of cheating players with in-game wagers, accusations that Hill calls "outrageous".

Syndicate