Baltimore City Paper reports that two men responsible for Bodog payments to players in the United States have been charged for money laundering.
The Baltimore City Paper reported today that money laundering charges against two men responsible for Bodog payments to players in the United States were filed back in September in Maryland, where the investigation was conducted by an undercover agent.
Of the $24 million seized earlier this year, Maryland U.S. District Court Judge Catherine Blake already finalized the forfeiture of $14.2 million, while one of the paymnet processor involved, ZIP Payments, are still seeking the return of over $9.8 million.
It is particularly interesting to note how back in July after Forbes published its story about US federal authorities seizing $24 million in Bodog funds, the bookmaker\’s CEO Alwyn Morris said in a press release that it was false that the funds seized from Zip Payments belonged to Bodog.
The court papers published by the Baltimore City Paper prove the exact contrary. In particular from reading the affidavit of the IRS agent that worked undercover on the case as well as the pages over pages of evidence accumulated against the people charged, it is easy to deduce how the funds seized from ZIP Paymnents in Nevada were gambling business proceeds from Bodog, hence player funds.
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