$2.5b Online Sportsbook Charged with Money Laundering

Filed in archive Betting on May 18, 2006

The US has once again tried to prove its might against offshore online betting sites by charging WWTS and its owners with money laundering

William Scott and Jessica Davis - who are already fugitives following a 1998 charge or wire act violation - have been indicted for promoting a service allowing US gamblers to bet by sending their money from the US to Antigua - WWTS is licensed in Antigua.

The indictment charges them for violating the US wire act, money laundering and failure to declare income - William Scott used a shell company to hide money in Guernsey - both governments assisted in locating $7 million

The indictment says the defendants obtained $2.5 billion in unlawful proceeds from telephone and internet gambling. The government is seeking $250 million through forfeiture in hopes it can collect the fees kept by the defendants.

Article: Justice snuffs $2.5B online gambling gig