..

Legal Documents Obtained Related to ZIP Payment Online Gambling Solutions

Written by:
C Costigan
Published on:
Nov/02/2008
Bodog

Gambling911.com has obtained legal documents filed by the US Government in cases against ZIP Payment Solutions founders, Edward Courdy and Michael Gardone.  Both operated a payment processing company that catered mostly to online gambling establishments, the most notable being Bodog Sportsbook.  A criminal investigation was launched by the District Court in Maryland.

Courdy is said to have transferred over $2 million from Dublin, Ireland to the state of Nevada and then to the state of Maryland "with the intent to promote the carrying on of specified unlawful activity, that is conducting an illegal gambling business in violation of Title 18 of United States code section 1955."

Gambling911.com sources have revealed that the US Government is in the process of building a case against Bodog (BodogLife.com) and its founder, Calvin Ayre.  That company had $24 million of its funds seized through ZIP Payment Solutions.

"They want him (Calvin Ayre) badly," our sources reveal.

Bodog affiliates and anyone who has conducted business with the company could be subpoenaed. 

The Sept. 29 filing the of Courdy and Garone charges coincides with the date that Courdy and ZIP Payments filed a claim in forfeiture proceedings involving $9,869,283.05, which was seized in July from several bank accounts tied to Courdy. Courdy and ZIP Payments, through their California attorney, Stanley I. Greenberg, are seeking the return of the seized money. Also filing a claim that day was 1st Technology, LLC, which recently won a $46,597,849 Nevada court judgment against Bodog and is seeking to collect part of the money by intervening in the ZIP Payments forfeiture proceeding.

Bodog has had trouble paying customers since the seizure, however, in recent weeks many of the firm's customers have reported receipt of payouts. 

Christopher Costigan, Gambling911.com Publisher

Gambling News

UKGC Introduces a Scheme to Prevent Problem Gambling

 

The UK Gambling Commission (UKGC) has announced that all iGaming companies operating in the UK will now be required to sign up to the self-exclusion scheme GamStop.

Gambling and Sports Betting News January 23, 2020: California Sports Betting Would be Retail Only

On Tuesday, a coalition of 18 Native Namerican tribes awas given state approval to begin circulating petitions for a statewide ballot initiative that would allow sports betting at tribal casinos and horse racing tracks, but not at rival card clubs or on the Internet.

Can I Bet on the BetFred Sportsbook App From Colorado

Can I Bet on the BetFred Sportsbook App From Colorado

BetFred, the popular UK sports betting brand, has inked a deal with the Saratoga Casino Black Hack for an entry in the state of Colorado.  They look to compete with PointsBet.com, which in recent months has set up an office hub in Denver ahead of all other competition. 

High Stakes Sports Bettor Charged With Fraud Sentenced to 20 Years

High Stakes Sports Bettor Charged With Fraud Faces 20 Years Behind Bars

Robert Gorodetsky, 27, who goes by "BigRobStyle" on social media, is facing 20 years in prison after federal charges were filed Tuesday in U.S District Court in Chicago.

Can I Bet on the FanDuel Sportsbook App From Michigan?

Can I Bet on the FanDuel Sportsbook App From Michigan?

FanDuel is not available for betting from Michigan at this time and will not be until at least 2021. 

Syndicate