..

Online Gambling Affiliate Bosses Sentenced in Bitcoin Scheme

Written by:
Guest
Published on:
Jun/28/2017

A Florida man was sentenced to 5.5 years prison time for his role in a Bitcoin exchange money laundering scheme as well as the hacking of JPMorgan Chase & Co.

BetOnline

Anthony Murgio, 33, of Tampa, pleaded guilty on Jan. 9 to three conspiracy counts, including bank fraud and operating an unlicensed money transmitting business. The sentence was roughly half as long as prosecutors had sought.

Murgio and co-conspirators were accused of processing millions of dollars from 2013 to 2015 into the virtual currency bitcoin through the unlicensed exchange Coin.mx, owned by one Gery Shalon.

Shalon, along with co-accused Ziv Orenstein and Joshua Aaron, were the main players behind the Affactive/Revenuejet family of US-facing online gambling sites, all of which were deemed disreputable by the gaming community.

"Mr. Murgio led an effort based on ambition and greed," and constructed on a "pyramid of lies," U.S. District Judge Alison Nathan in Manhattan said during the sentencing hearing.

"I am wiser today than when the case began, and I am sorry for all the damage I caused to so many people," Murgio said. "Believing what I was doing was OK did not make it OK."

The case is U.S. v. Murgio et al, U.S. District Court, Southern District of New York, No. 15-cr-00769.

- Jagajeet Chiba, Gambling911.com

 

Gambling News

How the Digital Age Changed Gambling?

How the Digital Age Changed Gambling?

There are few industries in the world that have been shaped by the digital revolution as strongly as gambling. One of the world's oldest industries, gambling has always been keen to embrace change. That is why, despite being a fringe industry just a few years ago, the digital gambling market is now estimated to be worth around $127 billion worldwide by 2027.

How Difficult is Sports Betting Math

 

Learn the numbers behind sports betting and how it works. What are the chances of winning? How do you break even?

Pete Rose Becomes New Spokesperson for VegasWinners.com

Pete Rose Becomes New Spokesperson for VegasWinners.com

Reno, NV, VegasWINNERS, Inc. announced today that Baseball’s all-time hits leader Pete Rose is back in the spotlight as spokesperson for VegasWINNERS national marketing campaign. VegasWINNERS.com provides sports betting enthusiasts with high quality analysis, research, data, guidance and professional advice.

3 Gambling Myths Explained

Gambling has been a part of mass culture since the 6th century BC.  In all that time, there have been a large number of gambling myths that have sprung up.

Gambling for Real Money in Australia - Is It Legal and Profitable?

Gambling for Real Money in Australia - Is It Legal and Profitable?

It seems impossible to play and earn money when every penny comes from hard work and diligence. But thanks to online gambling Australia, you can succeed after a few bets. If you do not want to risk your investments, then this method is not for you.

Syndicate