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Started By
Message
Illegal sports book busted by Feds
Posted on 1/17/23 at 8:31 am
Posted on 1/17/23 at 8:31 am
Red44 goes down
Reports are they took in 75 million since 2019. Charges of tax evasion, money laundering, and operating illegal gambling.
Anybody heard of them? Anybody familiar with the prosecution of these cases? I'd always wondered how some of these sites operate with impunity. I guess they dont.
Reports are they took in 75 million since 2019. Charges of tax evasion, money laundering, and operating illegal gambling.
Anybody heard of them? Anybody familiar with the prosecution of these cases? I'd always wondered how some of these sites operate with impunity. I guess they dont.
21
Posted on 1/17/23 at 8:32 am to SECSolomonGrundy
quote:
Reports are they took in 75 million since 2019. Charges of tax evasion, money laundering, and operating illegal gambling.
So, what, like a days worth of what government wastes in Ukraine and elsewhere?
This post was edited on 1/17/23 at 8:33 am
Posted on 1/17/23 at 8:32 am to SECSolomonGrundy
only the government can break the law!
Posted on 1/17/23 at 8:33 am to SECSolomonGrundy
quote:
tax evasion
My favorite, most American, and the "crime" that should give you the least amount of prison time, if any.
Those motherfrickers don't deserve anymore money. We should all start doing it.
This post was edited on 1/17/23 at 8:36 am
Posted on 1/17/23 at 8:35 am to SECSolomonGrundy
quote:
Illegal sports book
Posted on 1/17/23 at 8:37 am to grizzlylongcut
quote:
My favorite, most American, and the "crime" that should give you the least amount of prison time, if any. Those motherfrickers don't deserve anymore money.
Right? Hell, how many congressmen and mayors have been guilty of that AND Stay in office?
And I'm supposed to give a shite about some side hustles?
Posted on 1/17/23 at 8:38 am to fr33manator
I'm relieved these monsters are off the street.
Posted on 1/17/23 at 8:48 am to SECSolomonGrundy
Actually the estimated profit in just three of the 17 years they operated was 75 million dollars.
The Feds estimate their tax liability for those three years at 20 million dollars.
The Feds estimate their tax liability for those three years at 20 million dollars.
quote:
Prosecutors say Red44 is estimated to have taken in hundreds of millions of dollars in wagers from 2019 through 2021. They estimate a gross profit of nearly $75 million over the three-year period,
Posted on 1/17/23 at 8:49 am to SECSolomonGrundy
You can get away with a lot if you just pay taxes. I know, I am making up shite when I say I know someone, but lets pretend I am not lying (which I am not).
Anyway, I was told by someone who... had to deal with the feds. It was a woman agent and told this person to avoid any more problems, they have to report something and that why she knows telling someone who only deals in cash to report everything is pointless, to at least report half.
So if you bringing in that kind of money.. You can protect yourself by reporting some of it.
Anyway, I was told by someone who... had to deal with the feds. It was a woman agent and told this person to avoid any more problems, they have to report something and that why she knows telling someone who only deals in cash to report everything is pointless, to at least report half.
So if you bringing in that kind of money.. You can protect yourself by reporting some of it.
Posted on 1/17/23 at 8:49 am to SECSolomonGrundy
Someone got too flashy with their spending in the Birmingham area.
Posted on 1/17/23 at 8:50 am to SECSolomonGrundy
If they can't tax this money then how are they going to be able to give it to illegal aliens?
Posted on 1/17/23 at 8:51 am to SECSolomonGrundy
quote:
Anybody heard of them? Anybody familiar with the prosecution of these cases?
Yes. They get you on not paying your taxes. If you pay your taxes, even though the income is generated illegally, they can't come at you nearly as hard.
The sites don't operate with impunity. Just don't stick your finger up in the air while you're bookmaking now.
The way they hammer you is if they can bring Rico charges on you or not. If so, good luck.
Posted on 1/17/23 at 8:52 am to doubleb
quote:
They estimate a gross profit of nearly $75 million over the three-year period,
Yeah but I don't necessarily believe those numbers. Lawyers doing math is always a joke.
Posted on 1/17/23 at 8:53 am to SECSolomonGrundy
quote:
Yeah but I don't necessarily believe those numbers. Lawyers doing math is always a joke.
Then why link the article??? Lol
You either believe it or you don’t.
Posted on 1/17/23 at 8:53 am to Fishwater
quote:
Someone got too flashy with their spending in the Birmingham area.
Yeah supposedly a bunch of buildings in Trussville are probably gonna be seized by the feds as part of this.
Posted on 1/17/23 at 8:54 am to SECSolomonGrundy
My brother knows a couple of them that are involved through work associates. He said it’s not surprising based on his impression of them.
Posted on 1/17/23 at 8:54 am to SECSolomonGrundy
I always thought if you were laundering the money, then you were not evading taxes.
Posted on 1/17/23 at 8:55 am to doubleb
quote:
Then why link the article??? Lol
You either believe it or you don’t.
I believe the indictments are real. But everything a prosecutor puts in the indictment or everything they say to the media isn't always true.
Posted on 1/17/23 at 8:55 am to SECSolomonGrundy
quote:
75 million
the state assumes the book wins every bet they took. Posted on 1/17/23 at 8:59 am to lsu13lsu
quote:
always thought if you were laundering the money, then you were not evading taxes.
Nah bc the government thinks you should have to pay taxes on the money earned from the gambling and again on money earned from your washing business.
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