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Author Topic: HR 2267 - Internet Gambling, Identity Theft/Fraud/Abuse and Moneylaundering...  (Read 1950 times)
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WhiskeyGirl
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« on: August 06, 2009, 11:28:25 AM »

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Senator To Introduce Bill Thursday Lifting Online Gambling Ban

By Corey Boles, Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Sen. Robert Menendez, D-N.J. is set to introduce legislation Thursday seeking to regulate and tax, rather than ban, online poker, according to an aide to the lawmaker.

It would establish a regulatory framework that would allow online poker companies to register in the U.S. It would put in place consumer protections such as ensuring an individual is logging on from a jurisdiction where gambling is legal, and having accurate age-verification procedures.

The legislation would require other safeguards protecting against compulsive gambling, fraud and money laundering and ensuring the fairness of games.

A 10% tax would be collected on all deposits made by players to gambling sites, with the proceeds split evenly between the state and federal governments.

read more here - http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200908051805dowjonesdjonline000841&title=senator-to-introduce-bill-thursday-lifting-online-gambling-ban

How are they going to address identity theft, fraud, and abuse?

A 10% tax on money to laundered seems like peanuts, compared to the 50% plus proposed by the Obama administration with all these bills?

How can they be sure who is really playing the game?

Isn't the internet, from what I've read, one of the biggest sources of fraud? 

If ID theft is a problem (credit cards, loans, IRS), how are American's going to fix internet gambling problems when no one really knows who's at the keyboard?  Or maybe if the gambling is electronic like High Frequency Trading or Dark Pools?

Just a bad idea.

jmho

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WhiskeyGirl
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« Reply #1 on: August 06, 2009, 11:35:04 AM »

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Internet Gambling Payment Processor Charged With Bank Fraud, Money Laundering and Illegal Gambling Offenses
 
NEW YORK, Aug. 6 /PRNewswire-USNewswire/ -- Lev L. Dassin, the Acting U.S. Attorney for the Southern District of New York, and Joseph M. Demarest, Jr., the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (FBI), announced today the filing of an indictment charging Douglas Rennick with bank fraud and other offenses stemming from his role in processing more than $350 million for Internet gambling companies. According to the indictment filed yesterday in Manhattan federal court:

Since at least 2007 through June 2009, Rennick opened a number of bank accounts in the United States under various corporate names, such as KJB Financial Corporation, Account Services Corporation and Check Payment Financial Co. In opening the accounts, he and his co-conspirators falsely represented that the accounts would be used for such purposes as issuing rebate checks, refund checks, sponsorship checks, affiliate checks and minor payroll processing. In fact, Rennick and his co-conspirators used the accounts to receive funds from offshore Internet gambling companies that offered, variously, poker, blackjack, slots and other casino games. Rennick and his co-conspirators then disbursed those funds via checks to U.S. residents seeking to cash out their gambling winnings. Rennick and his co-conspirators provided false and misleading information to U.S. banks about the purpose of the accounts because the banks would not have processed the transactions had they known they were gambling-related. In total, Rennick and his co-conspirators processed more than $350 million transferred from a Cyprus bank account to various U.S. bank accounts for this purpose.

"Rennick, 34, currently resides in Canada."

read the rest here - http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/08-06-2009/0005073263&EDATE=

I wonder if moneylaundering will be legal in the future?

Tip of the iceberg?
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It doesn't do any good to hate anyone,
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Edward
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« Reply #2 on: August 06, 2009, 12:10:50 PM »

It all began in Aruba..

Ever hear of the place ?
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WhiskeyGirl
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« Reply #3 on: August 06, 2009, 12:43:20 PM »

It all began in Aruba..

Ever hear of the place ?

Oddly, there was a Chicago columnist that wrote some columns about Chicago politicians and their friends that visit Posner in Aruba...

I've often wondered if Aruba and other Caribbean banks/casinos are set up to launder money for Americans.

Much of the offshore banking stuff seems to be directed elsewhere, and towards corporations.  Nothing in the Caribbean seems to be directed at individuals that may be hiding their wealth and assets.

The individuals that may be hiding their wealth and assets in Swiss banks seem to be a target.

On one hand, I've been told Swiss banks pay little if nothing in interest...so did some one already pay taxes on the money in there?  It seems like the Swiss kept money safe from Nazi's. 

IIRC, Aruba and the Dutch banking laws keep money safe too.  Strict banking laws.  When will they open the books like the Swiss?

Dark Pool trading, internet gambling...how do you spell money laundering?

More people need to pay taxes, not less.

jmho
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All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
Edward
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« Reply #4 on: August 06, 2009, 01:07:57 PM »

Aruba was given independence from the Netherlands so that rich people of the world who invested in online gambling operations could operate without fear of reprimand for stealing identities and robbing the poor by burying them them in credit card debt, which the same groups of rich people own and charge interest on. Money laundered through Aruba in online transfers could then be used for other things like drug purchases and other activities like business frauds and fun things like prostitution and human trafficking of caribbean and south American people SOLD to others as human slaves. The slaves end up working off there indebtedness to there new owners in hopes that they may some day have freedom.
Natalee could ever be found and neither can Amy Bradley even though Amy has been seen various times because Rich people would fall and THAT is a big no,no in there world.
Posner and the Chicago outfit are just one of many of the Mafia organizations that now control the world, one of there biggest supporters is right next door to Aruba in Venezuela.
Hugo is a big cheese of the FARC organization and is the originator of corrupted electronic vote software used to elect himself and OTHERS you may be surprised to learn about.
Hugo now has what he thinks is an army and is making threats that he may be interested in using it, which again Rich people like because WAR is profitable.

jmho
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WhiskeyGirl
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« Reply #5 on: August 06, 2009, 05:19:47 PM »

I remember discussions of the minimum wage on Aruba... 

The working poor get a minimum monthly wage.  Enough to live on, not enough to prosper on.  They get free healthcare...free education for those on Aruba legally.  Is it good quality healthcare?  Or, just 'free'?
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All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
Edward
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« Reply #6 on: August 06, 2009, 05:28:29 PM »

Beggers can't be choosers.. Anything is better then nothing..
The population of Aruba 75000 to 100,000 people..

Free healthcare is not hard to offer to a population that size.

The rate of suicide is astronomical for a population of that size.. Maybe that says something about the healthcare..  Monkey Devil!
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