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FBI uses taxpayer money to run undercover legendary sports operation

The FBI's decade-long investigation involved the use of vast amounts of taxpayer funds to catch illegal Legends sportsbooks.

SymClub
Apr 8, 2024
2 min read
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FBI uses taxpayer money to run undercover legendary sports operation

Some interesting new reports shed light on the U.S. Department of Justice’s indictment of 34 individuals and 23 companies associated with online gambling operator Legends Sports, charging the defendants with offering online and telephone sports betting services from Costa Rica and Panama. The companies being sued are accused of helping the legendary sports website obtain money from its players, most of whom are from the United States.

Now, it has been revealed that undercover FBI agents investigating the case used federal funds to place bets on sporting events. This is one of their tactics to catch illegal operators red-handed.

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The process, known as "Operation Jinx," involved undercover FBI agents infiltrating illegal sports betting operations to find shady bookmakers in the Oklahoma area who acted as low-level sports betting customers, placing bets on One or two bets. By the end of the operation, undercover agents had used thousands of federal dollars to place bets on sporting events and capture the perpetrators.

Investigators also met with suspected bookmakers throughout Oklahoma City to conduct transactions, such as settling losses or collecting winnings. Agents met with bookmakers in parking lots, restaurants and bingo halls, among other places, as if they were reenacting real-life movie scenes.

Ten Years Survey

After a nearly decade-long investigation, the accusations led Panamanian authorities to revoke Legends Sports' license, while those accused of crimes including money laundering, extortion and running an illegal gambling business face prison terms of five to 20 years. All in all, nearly a decade in operation sounds like a resounding success, although it's easy to imagine agents spending a lot of their time betting hard-working taxpayers' money.

At the time of the indictment, Jim Finch, a member of the FBI's Oklahoma Division, said individuals "cannot circumvent U.S. law by establishing an illegal gambling operation in a foreign country while living and enjoying life in the United States." "Good for American citizens." Apparently they could, but they eventually got caught.

Legends Sports has made over $1 billion since its inception in 2003 (and the courts are now trying to take that money away from them), and the illegal sports betting world is clearly a lucrative industry that, until then, didn't quite have a pulse. May stop altogether.

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Source: www.casino.org

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