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High Stakes Player Paul Phua Arrested In Vegas For Illegal Sports Betting


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The sportsbook that was allegedly involved in in illegal wagering have released a statement a few days ago:

 

And an update from SBOBET themselves:

 

Global online sportsbook SBOBET wishes to make it clear that recent press reports linking its name to a Wei Seng Phua (or Phua Wei Seng) who was arrested in the US for illegal online sports betting on the 2014 FIFA World Cup conducted out of a Las Vegas casino base are entirely without foundation.

 

Neither the accused nor those arrested with him have any involvement or association with the ownership or management of SBOBET, or with its operators, Celton Manx Limited and Richwell Ventures Limited.

 

Additionally SBOBET wishes to clarify that the US is one of more than 30 jurisdictions worldwide from which it does not accept bets from and that any alledged wagers placed via SBOBET.com by the accused could only have been made illegally, as press reports confirm.

 

For more information contact:

William D Mummery

Executive Director

Celton Manx Limited

billmummery@celtonmanx.com

 

Tel : +44 1624 721968

Mob : +44 7624 494113

Got it from the source below:

Las Vegas Illegal Wagering: A Statement From SBOBET

http://www.sbobetimes.com/index.php/8413-las-vegas-illegal-wagering-a-statement-from-sbobet

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http://www.scmp.com/news/world/article/1561762/us-releases-gambling-kingpin-paul-phua-bail

 

 

US federal immigration officials released Asian gambling kingpin Paul Phua from custody on Monday evening in the latest twist to an unfolding saga centred around the alleged senior member of Hong Kong’s 14K triad.

 

The former top Macau junket operator, 50, who has company holdings in Hong Kong, is believed to be the man behind one of the world’s largest online gambling websites, Manila-based IBCBet.

 

ARTICLE CONTINUED AT LINK ABOVE

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"The various high-rollers and their entourage received extensive credit from Caesars during their stay. Caesars issued more than $93 million in casino markers to 27 different members of the large group, including $30 million to Richard Yong and $16 million to Paul Phua."

 

Gotta say... they sure know how to roll.

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He just won the "Didn't Plead Out" lottery.

Suffers from survivorship bias.

 

For every high profile case that gets a judge willing to tell the cops to F off for blatant misconduct, 20, 50, 100 with those exact same facts wind up with a judge who makes some lame excuse to rationalize their actions as legal.

 

A low level narcotics dealer I once knew had the DEA pose as the Nielsen Company to install a "Nielsen Box" on his TV that was actually a covert surveillance device. When they raided his house, the first thing they did was rip the device off his TV and denied any knowledge of its existence in court since it didn't have an associated warrant. All of the information it provided them, they referred to as an "anonymous informant" in court paperwork.

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He just won the "Didn't Plead Out" lottery.

Suffers from survivorship bias.

 

For every high profile case that gets a judge willing to tell the cops to F off, 20, 50, 100 make some lame excuse to rationalize their actions as legal and wind up sinking the poor defendant.

 

A low level narcotics dealer I once knew had the DEA post as the Nielsen Company to install a "Nielsen Box" on his TV that was actually a covert surveillance device. When they raided his house, the first thing they did was rip the device off his TV and denied any knowledge of its existence in court since it didn't have an associated warrant. All of the information it provided them, they referred to as an "anonymous informant" in court paperwork.

 

Being rich and having a good lawyer certainly helps.

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Well he just hut a gutshot.

A judge with integrity is a 8-1 sort of thing, which is precisely why Feds do those sorts of things, because they know the large majority of judges will otherwise overlook it or accept it as standard practice (even though it isn't).

 

He was smart to leave ASAP. Whatever US based assets he has are probably toast but at least he's getting out with his neck.

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