Bodog Associates Charged: 1
A Baltimore newspaper recently reported that federal charges have been placed
against two Bodog associates. As we have reported in the past, Bodog has not
been without its share of trouble. The online casino associates Edward Courdy
and Michael Garone are the subjects of the money laundering investigation.
Online casinos and their associates have to be very careful and follow
regulations to the letter of their contracts. This investigation was filed
quietly against the online casino group in Maryland. The charges claim a multi
million dollar money laundering scandal by the two Bodog associates.
The documents that relate to these charges were filed on September 29, 2008. It
was not until recently that a Baltimore newspaper discovered the federal charges
pending on the online casino group. And being true to the online casinos, the
charges for money laundering were submitted under the federal courts website,
Pacer. One thing is for sure, both men involved in this case could be in a lot
of trouble. Gourdy and Garone were named two forfeiture cases earlier in 2008.
Those cases ended in the favor of the plaintiff and were responsible for seizing
$24 million from bank accounts. Do not worry; the money that was in those bank
accounts was there due to the online casinos’ illegal activity in the United
States.
Both men are facing very serious charges. Courdy’s money laundering charges stem
from him allegedly transferring $2,380,273 in April 2008 into a bank account in
the Nevada State Bank from Dublin, Ireland. The account in the Nevada State Bank
was under the name of Zaftig Instantly Processed Payments Corporation (or ZIP
Payments) which were then forwarded to banks elsewhere in the United States
including Maryland. This money was allegedly used to illegally promote online
casinos and online casino activity in the United States.