Bodog Gets Busted

LA Times:

Sports gambling site Bodog.com has been seized by the government and its founder indicted, making it the latest in a string of prosecutions directed at PokerStars, Absolute Poker and Full Tilt Poker last year.
Bodog founder Calvin Ayre – along with Canadians James Philip, David Ferguson and Derrick Maloney – were indicted Feb. 22 by a federal grand jury in Maryland.
The indictment, accusing the quartet of conducting an illegal sports betting business and conspiring to commit money laundering, was unsealed Tuesday by the U.S. attorney’s office in Baltimore.
Authorities seized the website’s domain name Monday. The site on Tuesday showed the Department of Justice and Homeland Security Investigations seals as well as a note about the seizure.
Prosecutors allege that Ayre – once ranked on Forbes’ billionaires list and deemed an eligible bachelor by People and Star magazines -- ran Bodog with his team for at least 6-1/2 years.
Gamblers – many in the U.S. – were paid with funds moved through accounts in Europe, Canada, Malta and elsewhere, prosecutors allege. More than $100 million was sent through checks and by wire via payment processors, according to the indictment.

I've somehow managed to avoid any online wagering.  I think it has to do with losing track of most sports these days, and hating to lose money.  I was really close to getting a TVG horse racing gambling account back when I had free TVG for six months.  Inertia and lack of cash prevented it, though.  Anyway, it looks like the feds are coming down hard on internet wagering, so watch out.