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Started By
Message
re: Illegal sports book busted by Feds
Posted on 1/17/23 at 9:00 am to SECSolomonGrundy
Posted on 1/17/23 at 9:00 am to SECSolomonGrundy
0
Posted on 1/17/23 at 9:00 am to SECSolomonGrundy
quote:
They estimate a gross profit of nearly $75 million over the three-year period, which would have resulted in approximately $20 million in excise taxes owed to the IRS.
Uh, what? Gross profit is just revenue minus cost of goods sold. That's not the number one pays taxes on.
Posted on 1/17/23 at 9:02 am to SECSolomonGrundy
Posted on 1/17/23 at 9:06 am to SECSolomonGrundy
quote:
Yeah supposedly a bunch of buildings in Trussville are probably gonna be seized by the feds as part of this.
My brother is connected to the real estate industry in Birmingham. He said these guys are only passive investors in that entertainment district in Trussville. He doesn’t think the Feds will seize those properties, but could do something about their ownership stake. He thinks the other owners will just have to buy out their shares and the proceeds will be seized, if it even gets to that stage.
Posted on 1/17/23 at 9:09 am to SECSolomonGrundy
why is sports betting illegal anyway?
Posted on 1/17/23 at 9:10 am to Ross
Because daddy govt isn't getting their cut
Posted on 1/17/23 at 9:11 am to SECSolomonGrundy
quote:Hey, I resemble that remark.
Lawyers doing math is always a joke.
Posted on 1/17/23 at 9:24 am to SECSolomonGrundy
quote:
Anybody heard of them? Anybody familiar with the prosecution of these cases?
Yes, I know one of the guys. Hate it for him but I think he'll end up being OK from what I've heard.
Posted on 1/17/23 at 9:39 am to fr33manator
quote:
So, what, like a days worth of what government wastes in Ukraine and elsewhere?
Yeah, the game is hilarious.
The government just prints what it wants to spend but still demands you pay taxes
Posted on 1/17/23 at 10:31 am to SECSolomonGrundy
quote:
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.
Nice try fed
Posted on 1/17/23 at 10:44 am to SECSolomonGrundy
quote:the OWNERS of red44 100% have grossed that much profit in the last 3 years.
Yeah but I don't necessarily believe those numbers. Lawyers doing math is always a joke.
I would guess there's 20 kids, at a minimum, who run books off of red 44 at every SEC school (not counting the rest of america). Each of those kids has at a very minimum 100 people on those books.
They're massive.
This post was edited on 1/17/23 at 10:45 am
Posted on 1/17/23 at 10:47 am to SECSolomonGrundy
One of those guys coached one of my kids for multiple years in sports. Crazy. I liked the guy.
Posted on 1/17/23 at 11:20 am to PP7 for heisman
quote:
would guess there's 20 kids, at a minimum, who run books off of red 44 at every SEC school (not counting the rest of america). Each of those kids has at a very minimum 100 people on those books.
They're massive.
Yep
Posted on 1/17/23 at 12:10 pm to CocomoLSU
quote:
I had a thought about this, if you could do the Back to the Future type of time travel and get a book from the future and come back and start placing bets on sports teams.
Wouldn’t some one eventually take notice and try to sabotage your wagers and get someone to take a dive that would alter the history in the book?
Or would the book update with history, like the fax Marty’s future wife brought from the future to the past?
Posted on 1/17/23 at 12:13 pm to Tarps99
Books would just stop taking your bets then people would have to bet for you.
Irl, Marty/Biff would probably get killed if he abused the almanac.
Irl, Marty/Biff would probably get killed if he abused the almanac.
Posted on 1/17/23 at 12:24 pm to grizzlylongcut
quote:
Those motherfrickers don't deserve anymore money. We should all start doing it.
No taxation without representation and since we have fraudulent elections we don’t have representation
Posted on 1/17/23 at 1:04 pm to SECSolomonGrundy
quote:
Charges of tax evasion, money laundering, and operating illegal gambling.
Pic of the arresting agent:
Posted on 1/17/23 at 1:18 pm to Pax Regis
quote:
I liked the guy.
why would you no longer like him because he took a bet? this is just more BS from the feds thinking they have to protect us from ourselves.
frick them
Posted on 1/17/23 at 1:32 pm to Deactived
quote:
Books would just stop taking your bets then people would have to bet for you. Irl, Marty/Biff would probably get killed if he abused the almanac.
I think you would just have to place enough losing bets to stay under the radar but win more than you lose enough to take nice profits.
Posted on 1/17/23 at 3:28 pm to lsu777
quote:
this is just more BS from the feds thinking they have to protect us from ourselves.
Protect us from bookies, and protect school boards from us.
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