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How They Defrauded the System

Recently, the United States began the process of truly enforcing the Unlawful Internet Gambling Enforcement Act. Three companies in Utah (more pointedly the individuals running these companies) are up for grand-jury indictments for engaging in online casino related racketeering and money laundering. Now though, many are wondering just how they managed to have U.S. based financial processing transactions from online casinos without their knowledge.

The basic process was this: the three indicted companies worked together to funnel the money into online casinos and sportsbooks. The three sites/companies CurrenC, BETUS, and Hill Financial Services used a complex system to pass the information between the companies, until ultimately processing through Gateway technologies. Gateway was fed miscoded information from the indicted companies, and then passed on that information to the credit card companies. Thus allowing the credit card companies to pay out funds to sites they were not aware were actually online casinos.

So far the evidence has shown that CurrenC was the main company involved in the fraudulent activities. They were primarily responsible for accepting the credit card transactions, and then bouncing the money between offshore accounts, Gateway, and the online casinos. Then, beyond that, the U.S. Attorney has identified that BETUS.com was the main online casino site involved in the deception, though five others were also named.