Paul Phua and seven others arrested for illegal World Cup bets at Caesars - Page 11 - Poker News

It appears the gubbamint must have something on these guys. They were able to secure a Federal indictment, which is a task in itself. Had they failed, this case would have been dropped.

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08-01-2014 , 02:33 AM

#254

riverboatking

Carpal \'Tunnel

Join Date: Jun 2004 Posts: 23,792

Quote:

Originally Posted by JamesD816

+2
Great twitter RBK. I look forward to your annual NFL commentary and implosions.

haha ty.
u are a trooper for putting up with my hockey tweets

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08-01-2014 , 03:47 AM

#255

The4thFilm

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Join Date: Jul 2004 Posts: 13,472

Quote:

Originally Posted by Bageled

It appears the gubbamint must have something on these guys. They were able to secure a Federal indictment, which is a task in itself. Had they failed, this case would have been dropped.

The Feds knew this story would major news and would not have humiliated themselves without a strong case.

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08-01-2014 , 09:15 AM

#256

Adebisi

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Join Date: Apr 2006 Posts: 2,965

Quote:

Originally Posted by The4thFilm

The Feds knew this story would major news and would not have humiliated themselves without a strong case.

Kind of like that huge case a year or two ago that involved the Trinchers, Boosted J, Abe Mosseri, etc. Multi-million dollar Russian Mafia racketeering ring. Dozens and Dozens of people charged, tons of press, etc.

What happens?

Most ended up getting nothing, a few guys got probation, and the alleged "ringleaders" got like 18 months in country club jail.

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08-01-2014 , 09:39 AM

#257

bwakus23

old hand

Join Date: Dec 2013 Posts: 1,254

Quote:

Originally Posted by The4thFilm

The Feds knew this story would major news and would not have humiliated themselves without a strong case.

I'm not sure I agree with this. The US government has a long history of going after sectors of society that people in power at that time deem unseemly or detrimental with little or no proof or solidity to their case.

I'm not commenting on the validity of this particular case, just saying that the government has shown time and time again that, even in "high profile" cases, they're not always standing on solid ground.

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08-01-2014 , 10:08 AM

#258

BustedNuts16

veteran

Join Date: Apr 2008 Posts: 2,516

Quote:

Originally Posted by The4thFilm

http://www.reviewjournal.com/news/la...dered-released

RIP high stakes

I'm sure they're gambling just fine in the mansions they're staying in.

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08-01-2014 , 11:22 AM

#259

idun215

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Join Date: Jul 2012 Posts: 3,015

you'd thinkin being multimillionaires they would have their own personal bookie instead of gambling online.

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08-01-2014 , 11:30 AM

#260

LektorAJ

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Join Date: May 2014 Posts: 7,826

Quote:

Originally Posted by idun215

you'd thinkin being multimillionaires they would have their own personal bookie instead of gambling online.

My assumption is that the prosecutor will allege that they had sbo bet open as a way to get market prices to use as a base for the prices offered to their Asian customers.

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08-01-2014 , 11:47 AM

#261

never fade

adept

Join Date: Feb 2011 Posts: 1,026

Quote:

Originally Posted by idun215

you'd thinkin being multimillionaires they would have their own personal bookie instead of gambling online.

and that they'd post their own bail?

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08-01-2014 , 11:55 AM

#262

Fish Taco

banned

Join Date: Sep 2013 Posts: 1,580

Quote:

Originally Posted by never fade

and that they'd post their own bail?

just because the don't "post" their bail doesn't mean they aren't "posting" their bail....ducy?

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08-01-2014 , 12:00 PM

#263

never fade

adept

Join Date: Feb 2011 Posts: 1,026

why would they need / want have named poker players taking the credit for it then?

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08-01-2014 , 12:12 PM

#264

sba9630

Pooh-Bah

Join Date: May 2008 Posts: 4,510

Quote:

Originally Posted by Adebisi

ANATOLY GOLUBCHIK was sentenced yesterday in Manhattan federal court to five years in prison, and VADIM TRINCHER was also sentenced today to five years in prison for participating in a racketeering conspiracy in connection with their roles as members of a Russian-American organized crime enterprise. GOLUBCHIK and TRINCHER were also each ordered to forfeit more than $20 million in cash, investments, and real property.

Quote:

Originally Posted by never fade

and that they'd post their own bail?

Unless their accounts are frozen.

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08-01-2014 , 12:57 PM

#265

Dadonk612

adept

Join Date: Nov 2010 Posts: 1,044

Quote:

Originally Posted by ArtySmokes

^^^ Jungleman added to the list of players that put up bail money. :O

If this is true it looks like Jungleman might've found a way to get paid for the Durrr Challenge

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08-01-2014 , 01:04 PM

#266

DesertCat

I am a Regulator

Join Date: Aug 2004 Posts: 13,544

Quote:

Originally Posted by The4thFilm

The Feds knew this story would major news and would not have humiliated themselves without a strong case.

These cases are really free-rolls for the Feds, if they fall apart they can always claim the dirty criminals lawyers mislead the judge/jury/grand jury.

It's not their money that gets wasted bringing weak cases, and it's their political careers that get boosted by high profile convictions. So their only real cost is opportunity cost, a failed case just pushes off their run for Mayor/Governor/Senator/Representative another election cycle, or their partnership in a top firm a couple years.

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08-01-2014 , 01:35 PM

#267

username4744

centurion

Join Date: Jul 2012 Posts: 125

Prosecutors know they most likely will get a huge fine paid out by Phua in a plea bargain.

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08-01-2014 , 02:06 PM

#268

scottc25

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Join Date: Jan 2006 Posts: 5,444

Quote:

Originally Posted by DesertCat

Well said.

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08-01-2014 , 06:48 PM

#269

Bageled

grinder

Join Date: Mar 2013 Posts: 663

Quote:

Originally Posted by never fade

why would they need / want have named poker players taking the credit for it then?

Fruit from the poisonous tree theory regarding bail. The bail funds posted have to satisfy the court that the funds were not illegally obtained. That is why there are sworn affidavit's by those who posted the monies, to show where they came from.

If the Gov believes the suspects bankroll were obtained illegally, the courts will not allow those funds for surety.

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08-05-2014 , 07:25 PM

#270

pocket_zeros

Pooh-Bah

Join Date: Jun 2008 Posts: 4,390

Bloomberg article today about the arrest:
http://www.bloomberg.com/news/2014-0...gas-court.html

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08-05-2014 , 11:27 PM

#271

sprfcta

journeyman

Join Date: Oct 2004 Posts: 281

From the article...

Quote:

During the Federal Bureau of Investigation raid, a woman working on a laptop was ordered to put her hands up. She raised one hand and continued typing on a betting website with the other, according to a criminal complaint filed by the U.S.

She might have more cajones than the rest of them put together.