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.