• Online Gambling Middleman Pleads Guilty

    08 March 2012

    Newspaper

    As a result of the investigation of the Department of Justice that shut down the three largest U.S. facing online poker sites, a Canadian citizen has now plead guilty to conspiracy charges.

    In a plea to the U.S. District Court in Manhattan, Ryan Lang said he was the middleman between online poker companies and the brokers who tricked U.S. banks into processing money for online gambling. Land admitted he helped circumvent U.S. laws from 2007 to the middle of 2010.

    In a statement Lang said;

    “I wish to publically apologize to anyone I’ve harmed by my conduct.”

    Sentencing is set for September 24th of this year and Lang is facing up to 30 years in prison for pleading guilty to conspiracy to commit tax fraud and violation of the Unlawful Internet Gambling Enforcement Act, accepting funds in connection with Internet gambling and conspiracy to commit money laundering.

    These charges come from the indictments handed down last April that shut down the U.S. operations of Absolute Poker, Full Tilt Poker and PokerStars. A Manhattan federal judge issued orders on around 76 bank accounts in 14 countries and seized 5 internet domain names.

    Several defendants from those indictments have already pleaded guilty but several others are still awaiting trails.

    Related News

    • 06 March 2018

      Denmark and Romania See Blueprint Entrance

      The current nature of the regulation of the online gambling industry has each individual country (and sometimes areas within those countries) having their own bodies to regulate the industry. As such, getting a license to operate in each individual area is an important part of the strategic expansion of any given operator or software developer.

      Read full article
    • 02 November 2017

      Malaysia Cracking Down on Illegal Gambling; New Law Possible

      Malaysian authorities are making good on their promise to crack down on illegal gambling operators, including online providers. The country's Common Gaming House Act 1953 was created before the advent of online gaming, and although still considered illegal, some operators have found ways to get around the act by using family entertainment center licenses and other means. One politician wants to close any loopholes that might exist. Latest Crackdown

      Read full article
    • 29 September 2017

      Bede Gaming Pursuing Future Partnerships

      Leading software giant in the gambling industry, Bede Gaming, has directed its forces on building stronger relationships with key operators, deeply widening the business network and strengthening its position. By working closely with proven casino establishments, the company is due to ensure higher performance ranks and further adjustment of the award-winning gaming platforms. Back-up Approach For Operators

      Read full article