..

Feds, Greenville Sheriff Report $2 Million Seized

Written by:
Guest
Published on:
Oct/13/2011

By SUSANNE M. SCHAFER - Associated Press

COLUMBIA, S.C. -- 

The Secret Service and the Greenville County Sheriff's Office tracked down and seized more than $2 million from a money laundering scheme tied to online poker operations, officials said Thursday.

U.S. Attorney Bill Nettles said a months-long investigation uncovered two shell companies used to hide illegal gambling proceeds.

The two foreign-based companies sent more than $40 million into the U.S. and the money was tied to payouts to players in South Carolina and other states, Nettles said.

The fake investment firms were "shell companies used to transfer large amounts of money into the United States and to hide the true sources of their funds," Nettles said in a news release.

Nettles identified the two firms involved as Prime Investment LTD and Trading 24/7 LTD. He said they used various foreign banks to initiate monetary wire transfers "on behalf of entities engaging in dubious business activities."

In all, the Secret Service seized $2,151,532.

"One aspect of the investigation confirmed that Prime Investment LTD and Trading 24/7 LTD utilized a continuing scheme of deception to obscure the true source of the money in violation of federal laws which include bank fraud, money laundering and the Unlawful Internet Gambling Act," Nettles said.

The operation tracked the scheme from October 2010 through February, Nettles said.

No other details of the operation were immediately disclosed.

Because of federal sharing provisions involving such seizures, Nettles said Greenville Sheriff Steve Loftis' office gets a check for $707,093 that will be used to support law enforcement in the area.

Poker News

Negreanu Chimes in on Depp-Heard Trial: Justice for Johnny, Amber a Liar

Negreanu Chimes in on Depp-Heard Trial: Justice for Johnny, Amber a Liar

In regard to Amber, who claimed she was abused by Depp, Negreanu asks: "Does anyone believe if she had these injuries that she wouldn’t have taken a single picture at any point? It’s not plausible or believable to me at all considering how much she documented during the relationship."

Poker News: Veronica Brill Heats Up Vegas

"Any las Vegas pool parties i should know about this summer?," she asks while donning a cute outfit that is bound to make the boys drool.

WPT Rock ‘N’ Roll Poker Open at the Hard Rock 2022 Schedule Unveiled

WPT Rock ‘N’ Roll Poker Open at the Hard Rock 2022 Schedule Unveiled

The WPT Seminole RRPO Main Event, set to take place at the Hard Rock Casino in Hollywood, Florida this November, will feature a $2 million guaranteed prize pool.

Robbery Suspect Shot to Death Outside Notorious Poker Room

Robbery Suspect Shot to Death Outside Notorious Poker Room

This is hardly the first time Legends Poker Room has made headlines for all the wrong reasons.

The Online Poker Industry in 2022

Online poker is a popular card game in which participants play using a deck of cards and place bets against each other based on the card values in their separate poker hands. Bets are placed using chips.

Syndicate