..

Online Gambling News: Companies Squirm Over Cold Case

Written by:
C Costigan
Published on:
Jun/13/2011
Online Gambling New

A US Attorney’s Office out of the Eastern District of Pennsylvania investigation has a number of online gambling companies on alert.  But oddly enough it is all based on what can easily be seen as a cold case dating back to the year 2005 and is in connection with a now defunct payment processor.

A four year grand jury investigation focused primarily on a telemarketing scam with the online gambling processing activity surfacing as a result.

Among those charged are Donald Hellinger, the former head of Nylon Magazine, Ronald Hellinger, Michael Weisberg, Randy Trost, Jami Pearlman, and Michele Quigley. If convicted, they face sentences of up to 91 years in prison and fines of $4.25m.   The charges include running an illegal gambling enterprise, money laundering and conspiracy. 

Hellinger et al. was processing for a number of industry leaders including the now shut down BetOnSports.com. 

What impact any further charges would have on an already decapitated Internet gambling sector in the US remains to be seen.  Funds seizures are not likely since the processing companies in question have been out of business for six years now. 

On Friday the industry received some of the best news in months with word that Congress is actively pursuing legalizing online poker with bi-partisan support. 

- Chris Costigan, Gambling911.com Publisher

Gambling News

Next Manager Betting Odds: White Sox, Marlins and Royals

Next Manager Betting Odds: White Sox, Marlins and Royals

Don Mattingly and Tony LaRussa stepped away from their respective managerial jobs in Miami and Chicago, and Mike Matheny was relieved of his duties in Kansas City yesterday.  Bruce Bochy is emerging among the favorites to step out of retirement and manage one of these teams.

Florida Sports Betting Case Has Government Advising They Will "Go It Alone"

Florida Sports Betting Case Has Government Advising They Will "Go It Alone"

While a good chunk of the state is still reeling from last week's Hurricane Ian destruction, a Florida sports betting case continues to grind through the courts with very little hope for mobile wagering in the Sunshine State when all is said and done.

Giants-Packers London Betting Props: Game Marks a First in 32

Giants-Packers London Betting Props: Game Marks a First in 32

Both Giants quarterbacks are injured and listed as questionable for Sunday's game. Starting QB Daniel Jones suffered an ankle sprain in the Giants 20-12 win over the Chicago Bears.  Tyrod Taylor left Sunday's game after sustaining a concussion.

Nickal vs. Khamzat Odds

Nickal vs. Khamzat Odds: On the Move After Newcomer Claims Khamzat is Not Untouchable

After Bo Nickal called out Khamzat Chimaev on Tuesday, a juicy betting line was set for a potential middleweight match between the two elite grapplers.

Tom Brady Next Girlfriend Betting Odds: Divorce Attorneys Reportedly Hired

Taylor Swift, Adriana Lima, Alessandra Ambrosio favored, Zach Wilson's mum a longshot.

Syndicate