York Regional Police bust illegal casino in Ontario operating from luxury mansion by Chinese PEPs and seize $11 million in assets and cash, illegal guns and arrest 29

Project Endgame York Regional Police in Ontario announced the arrest of 29 people following the raid of an illegal underground casino at a 20,000 square-foot mansion in Markham, Ontario, during the summer. The operation dubbed “Project Endgame”, resulted in several raids of illegal underground casinos operating in York region. The first bust was on July […]

Proceeds of crime from US$550 million Ponzi scheme run by “obscenely greedy con artists”, including diamonds, gold coins, sports memorabilia, art, comic books, go on sale at online auction next week as Covid-19 solution

The proceeds of crime from a massive US$550 million Ponzi scheme perpetrated by two convicted fraudsters in the US – Kevin Merrill and Jay Ledford – are being auctioned at an online auction house starting next week, in part because of Covid-19. Diamonds, sports memorabilia, art, gold coins, comic book from securities fraud being sold […]

A “Criminal Blockchain” – York Regional & Italian Police take down alleged major ‘Ndrangheta players and seize over $35 million in alleged proceeds of crime

A criminal Blockchain linking Calabria and Toronto York Regional Police, north of Toronto, Canada, made a major money laundering bust last week against the ‘Ndrangheta, arresting several of its alleged members including its alleged powerful leader, Angelo Figliomeni. Figliomeni is charged with money laundering, directing a criminal organization and fraud. Another eight alleged associates of Figliomeni were […]

Lessons from the Antonio Carbone / Dream Casinos case – stay away from the Dominican Republic

No due process for Canadian businessman? According to this story in a Dominican Republic newspaper dated May 2, 2017, a Canadian business executive from Ontario who appears to majority own a chain of casinos and sports betting offices in the Dominican Republic called the Dream Casinos has been incarcerated in the Dominican Republic for over […]

Casino executives alleged to have been collecting debts when arrested in China

According to this article, the 18 executives of Crown casinos that were arrested in China in October 2016, were in China to collect the debts of what are called “VIP customers” who go on gambling trips through junket schemes. One of the people arrested was Jason O’Connor, who was the VIP executive for Crown Casinos, […]

Mafia dad and his 3 children sentenced to long jail terms for illegal gambling

According to several news reports in Italy (here, here and here), a whole family of the ‘Ndrangheta, an international criminal organization that originated in Italy, was convicted Wednesday of illegally operating online gambling websites after a three year trial called “Black Monkey”. Nicola Femia, his daughter and two sons were sentenced to 56 years incarceration collectively […]

The definitive guide to anti-money laundering compliance at casinos and regulated online gambling sites for casinos, investors, regulators, banks and players

A Q&A on money laundering for casinos and online regulated poker websites 1. Executive Summary Money laundering is a process in which so-called ‘dirty money’ from the proceeds of crime is transformed into ‘clean money’ or legitimate money or other assets, such as cars, art, homes or investments. Money laundering typically occurs in three stages: […]

Internet operator of illegal online sports gambling operation in Toronto pleads guilty

A Toronto man accused of running the Internet services for Platinum Sport Book, an illegal sports betting ring that the RCMP believe may be linked to the Mafia and the Hells Angels, pleaded guilty to being a bookie in a criminal organization. Platinum Sports Book was a sophisticated online gambling website located partially offshore that […]

FBI – “No safe haven anywhere for money launderers” – The fascinating $1B 1MDB civil asset forfeiture case

Largest civil asset recovery case in US of this kind On July 20, 2016, the US Department of Justice filed a civil forfeiture case in California to recover assets of more than $1 billion in alleged proceeds of crime resulting from fraud allegedly committed by individuals associated with the Malaysian government’s 1Malaysia Development Berhad (“1MDB“). […]