Online Casino Transfer: News - UIGEA Enforcement Already?

05/23/2010		Online Casino Style: News UIGEA Enforcement Already?
Home History Games News Dictionary		In a surprising news brief, it seems that the authorities in the US might be jumping the gun a little bit on the official legal enforcement of the laws and restrictions laid down by the Unlawful Internet Gambling Enforcement Act of 2006, as a Massachusetts resident has not only been taken into custody, but has in fact been charged on the basis of law set down by the UIGEA. This comes as an alarming surprise to many in the internet gambling community, for the simple reason that supposedly, enforcement had been delayed until June 1st of 2010, giving governing bodies and politicians some much needed time to decide if the money needed to enforce the law is worth it. Many continue to believe that this year, 2010, likely holds a good chance at being the year for the repeal of the UIGEA. Barney Frank, Jim McDermott and their contemporaries continues to strive for legalization of online casinos, and continue to make strides with the initiative. Unfortunately, the first victim to the law is that of Todd Lyons, a thirty-six year old resident of Massachusetts. On the plus side, he was much more than just an American user of online casinos, participating in the operation side, and providing illegal gambling services to bettors all over the US. According to authorities, the charges to be filed against Lyons run the gambit, including 36 different counts of racketeering, as well as interstate travel to aid racketeering; money laundering, filing false tax returns, as well as a myriad of other charges and of course, illegal gambling. The Salem News reported that documents seized by police showed a paper trail for more than $22 million of business. Federal authorities claim that Lyons was the primary agent working for the online gambling website Sports Offshore, a internet casino site based out of Antigua, but which not only accepts American players, but in fact operates primarily out of the US through individual agents. Lyons certainly didn’t help his case by trying to hide his income from the feds, as well, reporting to the tax bodies significantly less than he actually made. Most of the tax fraud was traced back to 2004 and 2005, when he claimed only $49K and $97K despite making $162K and $216K respectively. He made a habit of sending cash from his base in the US to Antigua, collecting millions for the online gambling website and worked to launder the money before laundering it overseas.

05/23/2010

Online Casino Style: News
UIGEA Enforcement Already?

In a surprising news brief, it seems that the authorities in the US might be jumping the gun a little bit on the official legal enforcement of the laws and restrictions laid down by the Unlawful Internet Gambling Enforcement Act of 2006, as a Massachusetts resident has not only been taken into custody, but has in fact been charged on the basis of law set down by the UIGEA. This comes as an alarming surprise to many in the internet gambling community, for the simple reason that supposedly, enforcement had been delayed until June 1st of 2010, giving governing bodies and politicians some much needed time to decide if the money needed to enforce the law is worth it.

Many continue to believe that this year, 2010, likely holds a good chance at being the year for the repeal of the UIGEA. Barney Frank, Jim McDermott and their contemporaries continues to strive for legalization of online casinos, and continue to make strides with the initiative. Unfortunately, the first victim to the law is that of Todd Lyons, a thirty-six year old resident of Massachusetts. On the plus side, he was much more than just an American user of online casinos, participating in the operation side, and providing illegal gambling services to bettors all over the US.

According to authorities, the charges to be filed against Lyons run the gambit, including 36 different counts of racketeering, as well as interstate travel to aid racketeering; money laundering, filing false tax returns, as well as a myriad of other charges and of course, illegal gambling. The Salem News reported that documents seized by police showed a paper trail for more than $22 million of business. Federal authorities claim that Lyons was the primary agent working for the online gambling website Sports Offshore, a internet casino site based out of Antigua, but which not only accepts American players, but in fact operates primarily out of the US through individual agents.

Lyons certainly didn’t help his case by trying to hide his income from the feds, as well, reporting to the tax bodies significantly less than he actually made. Most of the tax fraud was traced back to 2004 and 2005, when he claimed only $49K and $97K despite making $162K and $216K respectively. He made a habit of sending cash from his base in the US to Antigua, collecting millions for the online gambling website and worked to launder the money before laundering it overseas.