Online Gambling Affiliate Bosses Sentenced in Bitcoin Scheme

Written by:
Guest
Published on:
Jun/28/2017

A Florida man was sentenced to 5.5 years prison time for his role in a Bitcoin exchange money laundering scheme as well as the hacking of JPMorgan Chase & Co.

BetOnline

Anthony Murgio, 33, of Tampa, pleaded guilty on Jan. 9 to three conspiracy counts, including bank fraud and operating an unlicensed money transmitting business. The sentence was roughly half as long as prosecutors had sought.

Murgio and co-conspirators were accused of processing millions of dollars from 2013 to 2015 into the virtual currency bitcoin through the unlicensed exchange Coin.mx, owned by one Gery Shalon.

Shalon, along with co-accused Ziv Orenstein and Joshua Aaron, were the main players behind the Affactive/Revenuejet family of US-facing online gambling sites, all of which were deemed disreputable by the gaming community.

"Mr. Murgio led an effort based on ambition and greed," and constructed on a "pyramid of lies," U.S. District Judge Alison Nathan in Manhattan said during the sentencing hearing.

"I am wiser today than when the case began, and I am sorry for all the damage I caused to so many people," Murgio said. "Believing what I was doing was OK did not make it OK."

The case is U.S. v. Murgio et al, U.S. District Court, Southern District of New York, No. 15-cr-00769.

- Jagajeet Chiba, Gambling911.com

 

Gambling News

Bookies Shouldn't Get Frustrated if Players Have a Winning Week

Bookies Shouldn't Get Frustrated if Players Have a Winning Week

Now that the NFL season is fully underway gamblers in North America are increasing their volume of bets.

Hottest Trends and Topics Revealed for This Year’s Global Gaming Expo

Gambling911.com has been provided with a breakdown of this year’s hot topics to be discussed at the upcoming Global Gaming Expo in Las Vegas.

Casino Guard Shot During Armed Robbery Did Not Have a Weapon

Casino Guard Shot During Armed Robbery Did Not Have a Weapon

Authorities say a security guard who was shot and wounded during an armed robbery at a casino did not have a weapon.

Handling Crocodiles Can Influence Gambling Decisions

Handling Crocodiles Can Influence Gambling Decisions

Scientists who discovered that old men really do have big ears, that playing the didgeridoo helps relieve sleep apnea and that handling crocodiles can influence gambling decisions are among this year’s recipients of the Ig Nobel

Online Bookie Tips: Using Your Layoff Account For NFL Spread Betting

Online Bookie Tips: Using Your Layoff Account For NFL Spread Betting

Understanding the layoff account, and how to use hit for NFL spread betting, is essential for online bookie agents. Get the best tips right here and make more cash.

Syndicate