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Old 07-16-2014, 02:56 PM   #121
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

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Originally Posted by Kralex View Post
Get real and be serious for a moment please, bets between friends is not the same thing as murder.

The only issue here is that these friends have a lot of money.

Ignoring dollar values, should my friend and I be reprimanded for making a bet on a football game over the poker table?
You should most certainly be arrested. I'm not saying it's the same thing as murder. I don't think you should be sentenced to death for placing illegal wagers. 6 months to a year behind bars should be sufficient.
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Old 07-16-2014, 03:28 PM   #122
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

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Originally Posted by LektorAJ View Post
Seng Cheng Yong appears to be Richard Yong's official name. Age is the same and that name appears in Hendon mob for a Manila Millions final table that was actually him.

The consequences for the economics at the top level of the game are profound.
Richard Yong was convicted during the National Kidney Foundation Scandal. He moved around his assets and tried to leave the country.

Yong was declared bankrupt because of the civil suit against him and others on the NKF board. Yet a few years later he is playing in the biggest poker games in the world. I find it hard to believe a guy who loot a charity would be involved in other shady stuff.

http://en.wikipedia.org/wiki/Nationa...gapore_scandal

http://eresources.nlb.gov.sg/infoped...01_120748.html



A little background stuff on the arrests:
http://heavy.com/news/2014/07/wei-se...fbi-world-cup/
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Old 07-16-2014, 03:48 PM   #123
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

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Originally Posted by SuperSwag View Post
The government is concerned about money laundering with Sports betting, but at same time these casinos allow 1K-5K or whatever to run.

This all just makes no sense.
All laundering of criminal cash starts in banks and it couldn't occur without corrupt banks and bankers. A few years ago most Western govts changed the definition of money laundering to include any transaction involving criminal proceeds. So Pstars etc were accused of money-laundering simply because their profits were alleged to be from illegal gambling. A kid who steals a push bike and sells it can be charged with money laundering.

Obv the various LEAs can then shout about all their money-laundering convictions and the corrupt banks and bankers can carry out their old-style money-laundering in peace apart from the odd corporate fine now and then.
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Old 07-16-2014, 04:42 PM   #124
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

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Originally Posted by AdamSchwartz View Post
Thanks for pointing out that my hyperbole isn't true.

The point is, people asking "Why didn't the guy that bet $50M on the World Cup game just walk up to the wicket and bet there" might be missing something.

BTW, I bet $1k on a WC game and the ticket taker had to call her boss for approval.
I mean I understand hyperbole to make a point, but A) didn't seem like ur post was hyperbolic (my bad)

and B) someone followed up almost immediately confirming the idea that a $300 wager needs to be confirmed and even then u need to have play at the casino etc

u may be a huge sharp but I've witnessed friends who never play in pit n have no history at casino throw down 2K+ on a MLB game without a second glance.

also LOLOL at needing to use hyperbole to point out that it's gonna be hard to get 50mil down at a casino.
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Old 07-16-2014, 06:02 PM   #125
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

Robl's declaration in support of Phua:

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Old 07-16-2014, 06:38 PM   #126
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

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Originally Posted by Tom Hall View Post
Sorry, wasn't supposed to be accusatory. I got what you were saying. got pissed at the comment made by the other guy. Got to stick with my friends, even more so when times are tough.
People from the States may not realize how loosely organized the tongs can be and how a rich guy who likes to gamble may have inevitably crossed paths with different outfits, despite clearly having no discernible connection to the group themselves.

Just because they may have crossed paths with shady characters and may even consider some personal friends, doesn't mean they are associated with any of their business.

My grandfather played cards and hunted ducks with people from all walks of life, including tong bosses and younger gang leaders, in SF Chinatown. He was a pharmacy owner, not a gangster.

People should stop mentioning that stuff in relation to these guys (unless they have some evidence beyond the statements of the press and equally sensationalistic US attorneys).
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Old 07-16-2014, 07:56 PM   #127
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Seems like a really good "investment" by Andrew Robl.
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Old 07-16-2014, 08:42 PM   #128
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

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Originally Posted by Jamie Platinum View Post
Seems like a really good "investment" by Andrew Robl.
You got that right. That Robl knows which side his bread is buttered on i.e. both sides.

He knows Durrr longer than 4 years. I wonder would he bail him out for 1.5 milly right now?

Think we know the answer
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Old 07-16-2014, 08:42 PM   #129
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

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Originally Posted by Jamie Platinum View Post
Seems like a really good "investment" by Andrew Robl.
+100
getting a guy who is worth like a hundred million, and his son, out of a 7'x10' jail cell, by using your own cash, may just be the best investment a high stakes poker player has ever made. Sure beats the hunt for Noah's Ark chip and Doyle supposedly invested in.
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Old 07-17-2014, 11:10 AM   #130
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

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Originally Posted by DontStep View Post
Most interesting thread on 2plus2 in ages, i'm also very intrigued as to what background Paul Phua has in business and why he needs $1.5M off robl lol.
he is a part-owner of IBCBET, one of the three big asian bookies
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Old 07-17-2014, 01:53 PM   #131
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

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Originally Posted by AdamSchwartz View Post
Thanks for pointing out that my hyperbole isn't true.

The point is, people asking "Why didn't the guy that bet $50M on the World Cup game just walk up to the wicket and bet there" might be missing something.

BTW, I bet $1k on a WC game and the ticket taker had to call her boss for approval.
Sick brag.
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Old 07-17-2014, 04:23 PM   #132
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

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Originally Posted by Jamie Platinum View Post
Seems like a really good "investment" by Andrew Robl.
+1...He is much smarter than I thought....really really good move by him to be the first out of the gate with his 'support';...this will pay off big for him in the long run...
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Old 07-17-2014, 07:07 PM   #133
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

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Originally Posted by Tom Hall View Post
Sorry, wasn't supposed to be accusatory. I got what you were saying. got pissed at the comment made by the other guy. Got to stick with my friends, even more so when times are tough.
Thanks Tom for chiming into the NVG.
it is a complete joke what the fbi are saying, fling dirt & it might stick lol not likley in this case, from what i know about these ppl. I mean when these people gamble high, live the good life etc ofc they come across all types off characters, have to do some stuff to stay arms lenth away from the actual real criminals off the world does not mean they are associates or involved with, but the fbi is gonna NVG.
I hope this situ is a minor inconvience to all use guys, & what casino is the BIG Game gonna take place in now? lol
Illeagal betting in Vegas WOW i taught i had seen it all....... ceasers are really as dumb as F**k Guess there demise will be sooner rather that later
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Old 07-17-2014, 07:31 PM   #134
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

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Originally Posted by SqredII View Post
In general the statements made by any government's law enforcement or prosecution wing should be taken with a grain of salt during the initial phase of a case. Is America less bad about this than some other countries, maybe, but lately I wouldn't bet on it. Law enforcement, esp in these type of high profile, organized crime type of cases or white collar stuff, is a political and public relations exercise in the beginning. Prosecutors begin by laying the ground work in the media, and any edge they can get, they try to take.
Most other countries don't have jury trials so the problem doesn't arise, but in other countries which do have juries, if the police announced to the press and to potential jurors that they had arrested a leading organized crime boss, then charged him with something else then the defence lawyers would be asking for a mistrial.
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Old 07-17-2014, 08:20 PM   #135
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Re: Paul Phua and seven others arrested for illegal World Cup bets at Caesars

Betting on a sporting match; Um, I remember President Obama sending a few cases of beer to pay off his losses over the years. If it's good for the goose. . .
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