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


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#1 FCP Bob

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Posted 16 July 2014 - 04:25 AM

He was also arrested in Macau for being involved in bookmaking on the World Cup a few weeks ago.

High Stakes Poker Player Paul Phua Arrested in Las Vegas in Connection with Illegal Sports Betting Ring

Former One Drop Entrant charged, puts up $50 million in collateral while under house arrest.
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#2 FCP Bob

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Posted 16 July 2014 - 04:31 AM

A few other links to stories on his arrest.

International mob-connected ring linked to illegal World Cup betting at Caesars

High-Stakes Poker Player Paul Phua Arrested in Illegal World Cup Betting Raid

Wei Seng Phua & 14K Triad: 5 Fast Facts You Need to Know

PAUL PHUA ARRESTED AS FBI BUSTS ILLEGAL WORLD CUP BETTING RING IN CAESARS PALACE
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#3 FCP Bob

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Posted 16 July 2014 - 04:31 AM

Link to the story of the arrests in Macau from June

Macau busts $645 million World Cup betting ring
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#4 Tibbers

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Posted 17 July 2014 - 08:46 PM

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.sbobetime...ent-from-sbobet

#5 FCP Bob

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Posted 18 July 2014 - 04:19 AM


Remote Gambling Operation Behind Paul Phua Caesars Palace Arrest

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#6 FCP Bob

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Posted 18 July 2014 - 02:12 PM

Andrew Robl put up a $1.5 million bond for Phua's release

http://www.pokerlist...s-blowout-73876

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#7 FCP Bob

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Posted 27 July 2014 - 05:27 PM


Ivey’s bail bid fails to free betting suspects

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#8 SuitedAces21

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Posted 28 July 2014 - 06:47 PM

why are they so hell bent on bailing them out? afraid they'll rat?
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#9 SuitedAces21

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Posted 28 July 2014 - 07:29 PM

View PostSuitedAces21, on 28 July 2014 - 06:47 PM, said:

why are they so hell bent on bailing them out? afraid they'll rat?

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#10 FCP Bob

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Posted 29 July 2014 - 03:05 AM

http://www.scmp.com/...-paul-phua-bail


Quote

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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#11 SuitedAces21

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Posted 29 July 2014 - 03:43 PM

THE PLOT THICKENS
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#12 FCP Bob

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Posted 04 August 2014 - 09:17 AM

Formal Criminal Indictment Filed Against Paul Phua Sportsbetting Group
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#13 FCP Bob

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Posted 30 October 2014 - 06:44 AM


NEW VIDEO SHOWS




FBI POSING AS CABLE GUYS IN PHUA STING OPERATION

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#14 FCP Bob

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Posted 03 November 2014 - 07:37 PM

Additional Paul Phua Investigation Details Released
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#15 Potomophobia

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Posted 04 November 2014 - 04:33 PM

"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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#16 FCP Bob

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Posted 05 December 2014 - 12:18 PM


Most defendants in World Cup betting case will plead guilty

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#17 FCP Bob

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Posted 11 December 2014 - 07:24 AM


FIVE DEFENDANTS SENTENCED IN PAUL PHUA ILLEGAL SPORTS BETTING CASE

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#18 FCP Bob

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Posted 04 February 2015 - 03:21 AM


Federal Judge: Search Warrant Used in Paul Phua Sports Betting Case Was "Fatally Flawed"

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#19 Scroom

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Posted 04 February 2015 - 03:02 PM

View PostFCP Bob, on 04 February 2015 - 03:21 AM, said:


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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#20 FCP Bob

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Posted 04 February 2015 - 03:19 PM

View PostScroom, on 04 February 2015 - 03:02 PM, said:

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.
Bob

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