Sports gambling and fixed card games bring Federal indictments (Merged) | Page 4 | The Boneyard
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Sports gambling and fixed card games bring Federal indictments (Merged)

I guess there was a good reason that betting on games was limited to two cities and supposedly in person. It was only a matter of time. And using Billups aka Mr Big Shot as the face to entice big money players is more than interesting. Rozier is linked to so many players it really does damage to the NBA brand. This keeps happening and something is going to need to change.

And it more than likely happening before but I doubt the FBI could use algorithms on figuring out betting trends from illegal bookies.
 
MexicoHusky said:
I didnt realize the Ohtani story was being swept under the rug. I dont receive as much US news here in MX. So nuances like that are not as apparent. Is it being swept under the rug by this gambling thing? If yes, that makes sense. The gambling story has more potential. More potential for non-sports interest. Especially if high ranking gov officials are making statements about it.

As far as the Ohtani story is concerned, I am both blown-away an unmoved. It feels unreal to me. Almost as if he's playing a different sport than anyone else in baseball history. And thus you can't even compare what he's doing with anyone else. He's the best and the worse and the only player ever in this new sport that no one else plays. So when I say I'm un-moved by it... what I mean is, imagine if your crazy friend made up some new sport and said, "check this out. I just made up this new sport. And I'm the best who's ever played it. Are you impressed?" Obviously you would not be. Of course, Ohtani is playing an established sport. Maybe the most established. It's very unreal. It's like one of the sports video games where you can "create your own player". And you just make up some dude who's the fastest, strongest, best-est in every way.
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My relatively uninformed view is Ohtani's "interpreter" racked up millions of dollars in gambling debts, then paid it out of Ohtani's bank accounts.

Why an interpreter would be gambling that amount of money is questionable in the first place. Why an interpreter would have unknown access to Ohtani's bank accounts and could transfer millions, is the big question. He was not his assistant or business manager.

At first, Ohtani said he was just helping out a friend. He immediately pivoted and said he knew nothing about the missing money. Common sense says the interpreter was placing bets for Ohtani.

The case went under some kangaroo court review and was basically dismissed. And again, common sense would say there was billions of dollars in revenue and reputation at risk if they pushed on this.....so they made it go away.
 
Deepster said:
My relatively uninformed view is Ohtani's "interpreter" racked up millions of dollars in gambling debts, then paid it out of Ohtani's bank accounts.

Why an interpreter would be gambling that amount of money is questionable in the first place. Why an interpreter would have unknown access to Ohtani's bank accounts and could transfer millions, is the big question. He was not his assistant or business manager.

At first, Ohtani said he was just helping out a friend. He immediately pivoted and said he knew nothing about the missing money. Common sense says the interpreter was placing bets for Ohtani.

The case went under some kangaroo court review and was basically dismissed. And again, common sense would say there was billions of dollars in revenue and reputation at risk if they pushed on this.....so they made it go away.
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Just like the NBA was able to mostly sweep the ref scandal under the rug when they were up for a new TV contract. It was certainly bigger than just Donaghy, they had rigged finals games.
 
Deepster said:
My relatively uninformed view is Ohtani's "interpreter" racked up millions of dollars in gambling debts, then paid it out of Ohtani's bank accounts.

Why an interpreter would be gambling that amount of money is questionable in the first place. Why an interpreter would have unknown access to Ohtani's bank accounts and could transfer millions, is the big question. He was not his assistant or business manager.

At first, Ohtani said he was just helping out a friend. He immediately pivoted and said he knew nothing about the missing money. Common sense says the interpreter was placing bets for Ohtani.

The case went under some kangaroo court review and was basically dismissed. And again, common sense would say there was billions of dollars in revenue and reputation at risk if they pushed on this.....so they made it go away.
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Oh, I see. You were referring to the Ohtani gambling scandal. I forgot about that. I thought you were talking about his recent game where he out-hit and out-pitched the Brewers. Ohtani's gambling scandal makes more sense. Good point. Seems like he could of gotten into a lot more trouble. As it stands now it's completely forgotten. Especially now since he's officially the best baseball player ever.

For me, regardless of the details of either situation, the fact that high ranking gov officials are commenting on this current story makes me suspicious. Immediately feels more about politics and attempting to shape public opinion than it does about stopping crime. So current story feels less legitimate to me.... I've become so jaded on anything political. That said, I doubt this current story is an attempt to coverup the Ohtani gambling situation.
 
HW611 said:
I wonder if the mob names will also appear front page in papers or just only the NBA associates involved with the game, not running it, will lol
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thekollieman said:
The concept of the NBA not being on the up and up was established in the zeitgeist a long time ago. Now it’s just hit a new level with how easy and accessible it is for players to take their cut.
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Have to wonder if it is more than the personal need for money to take that risk. Rozier is making $26 Mil. annually. The money they took in on the game where they counted it out at his house was $200,000. Maybe somebody is over a barrel. Scary business.
 
People who don't understand how someone with a lot of money could gamble don't understand addiction. If anything, money makes it worse. Ask Floyd Mayweather, Dave Portnoy, etc.

Also - the leap from "legal gambling" or "recreational gambling" to "illegal gambling" isn't as large as most people think. That's why pro sports leagues have traditionally prohibited their players from gambling of any kind. It's a slippery slope, especially when you're dealing with people that have large egos and a lot of influence.
 
champs99and04 said:
People who don't understand how someone with a lot of money could gamble don't understand addiction. If anything, money makes it worse. Ask Floyd Mayweather, Dave Portnoy, etc.

Also - the leap from "legal gambling" or "recreational gambling" to "illegal gambling" isn't as large as most people think. That's why pro sports leagues have traditionally prohibited their players from gambling of any kind. It's a slippery slope, especially when you're dealing with people that have large egos and a lot of influence.
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There's s big difference between throwing away your playing career, ruining everything you ever worked for and accomplished, and possibly going away to federal prison over peanuts and what Dave Portnoy does. What Portnoy does is legal and a major part of his business. Mayweather's whole persona/image is throwing around millions and he wasn't throwing fights over chump change.
 
I've seen a number of news outlets reporting on this as an 'insider trading' case. I don't think that's necessarily the best way to look at the set of facts at issue.

There is no specific, brightline section of the U.S. Code that criminalizes 'insider trading' per se; rather, the term has typically been associated with a set of activities that can rise to the level of Securities Fraud, which most definitely is a statutory concept. The securities fraud concept clearly does not apply here, at least not to the first level conspirators.

It would seem to me that Rozier, Billups, et. al could most effectively be prosecuted (at the Federal level) pursuant to the Wire Fraud and RICO statutes. But suffice to say these clowns are looking at some serious Fed time.

Where the concept of Securities Fraud COULD come into play is with shareholders in the betting platforms that took the wagers.

Those shareholders could point to the betting platform's 'terms and conditions', which typically (at least DK and FD that I know of) state that participants are not allowed to place wagers based on information that is not publicly/broadly available. Therefore, a shareholder could claim injuries under the Securities Fraud statute to the degree they could prove financial harm due to the platform's failure to enforce said policies.

Fascinating stuff. Can't wait to see where this goes.
 
I always liked Chauncey, but that is some disgraceful behavior. Leading people to games to lose huge sums of money is pathetic. The guy had everything. What a greedy fool. Either that or he owes somebody big.
 

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