FCP Bob 1,312 Posted February 28, 2012 Share Posted February 28, 2012 This shouldn't really surprise anybody and it doesn't appear to have affected any of their gambling operations at the moment.Feds Indict Former Online Gambling Billionaire Calvin Ayre Federal prosecutors in Baltimore on Tuesday unsealed an indictment against Calvin Ayre, the former Canadian billionaire who founded Bodog, one of the world’s biggest online gambling firms. Ayre is accused of operating an illegal gambling business involving sports betting and conspiring to commit money laundering.For years Ayre taunted and dodged U.S. law enforcement, specializing in offering online sports betting and casino games to U.S. gamblers. He was the subject of a 2006 Forbes cover story titled Catch Me If You Can, in which he said “we run a business that can’t actually be described as gambling in each country we operate in. But when you add it together, it’s Internet gambling.”The son of grain and pig farmers in Saskatchewan, Ayre, 50, set up his company in Costa Rica and handled billions of dollars in online wagers. Rod Rosenstein, the U.S. Attorney in Baltimore, indicted Ayre and three other Canadian men, James Philip, David Ferguson and Derrick Maloney. None of the men are in custody and they are believed to be in Canada. The company, Bodog Entertainment Group, is also under indictment and its domain name has been seized by federal prosecutors.According to the six-page indictment filed by Rosenstein, Ayre worked with Philip, Ferguson and Maloney to supervise an illegal gambling business from June 2005 to January 2012 in violation of Maryland law. The indictment focuses on the movement of funds from accounts outside the U.S., in Switzerland, England, Malta, and Canada, and the hiring of media resellers and advertisers to promote Internet gambling.Here's a link to the indictment.https://www.evernote.com/shard/s13/sh/a3880...0Indictment.pdfHere's a link to the website seizure warrant.https://www.evernote.com/shard/s13/sh/a3880...zureWarrant.pdf Link to post Share on other sites
FCP Bob 1,312 Posted February 28, 2012 Author Share Posted February 28, 2012 Forbes cover article on Ayre from 2006 titled "Catch Me If You Can"http://www.forbes.com/forbes/2006/0327/112.html Link to post Share on other sites
TheWynn 0 Posted February 28, 2012 Share Posted February 28, 2012 So what does this mean for the future of Bovada.lv for us US players that play on this site still? Link to post Share on other sites
CobaltBlue 662 Posted February 28, 2012 Share Posted February 28, 2012 Yeah, doesn't appear to be anything particularly new. They haven't operated on that domain in almost a year. Link to post Share on other sites
FCP Bob 1,312 Posted March 14, 2012 Author Share Posted March 14, 2012 Bodog’s US-Facing Brand Bovada.lv Bans Players from Maryland Link to post Share on other sites
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