..

Gambling Stash Found in South Korea Garlic Field

Written by:
Guest
Published on:
Apr/12/2011

(BBC) - South Korean police have dug up a stash of 11bn won ($10m, £6.2m), most of it buried in a garlic field, reports say.

The money is believed to be the proceeds of an illegal internet gambling operation, for which one of two brothers is already in jail.

Their brother-in-law helped out by burying the cash, and then helped himself to some of it, police said.

When he then accused a landscaper of stealing a chunk of cash, police moved in and unearthed it, they said.

Television footage has shown police pulling out two dozen containers, each brimming with cash.

'Greed'

According to the police version of the story, the brother-in-law, a 52-year-old man identified only as Mr Lee, bought the garlic field in south-western Gimje.

His gambling relatives had felt pressured by police investigations and asked for his help in hiding the money, Yonhap news agency reported.

He worked at dusk and dawn, as if farming, to bury the containers.

His own greed led to his downfall however, police say: First he dug up about 400m won and spent it, without telling the brothers he had helped himself.

Then he tried to blame a workman who was helping to landscape the plot; that man complained about being falsely accused, leading police to the field.

Police then interviewed more members of the Lee family and consequently found money hidden in a car and an apartment.

The 11bn won was part of 17bn won the in-laws allegedly earned in profits by operating an illegal internet gambling site in South Korea with a server in Hong Kong, Yonhap reported.

The 24 plastic containers carried 8.6bn won in cash; most of notes were 50,000-won bills.

"We searched all over the field and we don't believe there is any cash left. We will evaluate the discovered money and question the detained brother over the illegal profits," a police investigator was quoted by Yonhap.

Police plan to confiscate the cash and seek an arrest warrant for Mr Lee.

 

As always, you can Follow us on Twitter for all the latest breaking gambling news. (around the clock gambling news)

Gambling News

Hot Betting Trends, Alerts - January 25

Hot Betting Trends, Alerts - January 25

Gambling911.com has your hot betting trends for Monday, January 25, 2021 (in no particular order but updated throughout the day so check back regularly).

North Carolina, Catawba Tribe, Ink Deal That Will Bring Vegas-Style Gambling

North Carolina, Catawba Tribe, Ink Deal That Will Bring Vegas-Style Gambling

North Carolina’s governor has signed a revenue-sharing agreement with the Catawba Indian Nation that clears the way for Las Vegas-style gaming to be offered at a planned resort in Kings Mountain, officials said.

FanDuel Group Brings FanDuel Sportsbook & Casino to Michigan

FanDuel Group Brings FanDuel Sportsbook & Casino to Michigan

FanDuel Group, in collaboration with MotorCity Casino, officiallylaunched a fully integrated, real money online gaming experience for residents and visitors to the state of Michigan Friday January 22, 2021.

Can't Bet the Cavs From Virginia

Can't Bet the Cavs From Virginia

Sports betting officially launched in the commonwealth of Virginia Thursday, courtesy of FanDuel.  You just can't bet your beloved Cavaliers there.  A number of offshore sportsbooks the likes of BetUS are still accessible from Virginia and do take bets on the Cavs, so no worries there.

Bill to Expand Sports Gambling Introduced in Washington State Legislature

Bill to Expand Sports Gambling Introduced in Washington State Legislature

A bill to expand sports gambling in Washington state beyond Indian casinos and into privately-owned card rooms has been introduced in the state Legislature for the second consecutive year.

Syndicate