..

Judge Freezes $28 Million Linked to Illegal Curacao Online Gambling Business

Written by:
C Costigan
Published on:
Aug/23/2011
Online Gambling

A federal judge on Tuesday froze more than $28 million in a bank account owned by a prominent Curacao-based businessman.  Prosecutors say Robertico Alejandro dos Santos, the half-brother of Curacao Finance Minister George Jamaloodin, is suspected of selling millions of dollars in forged lottery tickets through his gambling businesses in Curacao and St. Maarten known as “Robbie’s Lottery”. 

Prosecutors allege that Dos Santos accumulated more than $52 million in illegal profits through the scheme dating back to 2004. 

Prosecutors said they’ve established dos Santos’s control over three companies—Ponsford Overseas Ltd., Carribean Investment Group Ltd., Tula Finance Ltd.—with assets of about $28 million at UBS.

Dos Santos’s companies, Jamaroma Lotteries in St. Maarten and Administratiekantoor Dollar NV in Curacao, generated less than $600,000 in profits in 2009, according to tax returns and business records cited in court documents.

Curacao, a long time hub for online gambling operations that has lost some of its luster in recent years, asked US officials for assistance in this matter. 

U.S. District Judge Colleen Kollar-Kotelly asked the Justice Department for additional legal arguments on her authority to issue a restraining order per a request from a foreign government.  This was permitted after prosecutors advised of a law passed through Congress last year that grants the US Justice Department greater authority to seek freeze orders asked for by other nations. 

Dos Santos has denied any wrongdoing. 

- Chris Costigan, Gambling911.com Publisher

Gambling News

Betfair - the advantages of a large betting exchange

Betfair - the advantages of a large betting exchange

If you are looking for an online betting marketplace, Betfair is the place to be. It is the first international platform of its kind, which is quite large and has numerous benefits for users.

Maine sports betting legalization falls through

Maine sports betting legalization falls through

Maine was hoping to see the changes in its existing betting regulations, with the preposition made during the 2020 legislative session that would have finally legalized sports betting in the state.

Wilder-Fury 2 Will Likely Be Most Bet on Event of the Year

Wilder-Fury 2 Will Likely Be Most Bet on Event of the Year

An early analyses of the interest in Saturday's rematch between Deontay Wilder vs. Tyson Fury suggests a historic betting event could be underway.  Bars and pubs across the world are likely to be packed wall-to-wall and most folks will want in on the action by placing a wager via their mobile device.

Chinese Hackers Have Breached Online Betting and Gambling Sites

Gambling and Sports Betting News February 19, 2020: Chinese Hackers Have Breached Online Betting and Gambling Sites

Here are today's headlines in the world of gambling and sports betting as they happen - Wednesday February 19, 2020.

Can I Bet on FanDuel From Maryland?

Can I Bet on FanDuel From Maryland?

FanDuel is not available from the state of Maryland.  Sites like Bookmaker, in business since 1986....

Syndicate