Fake Online Stores Used to Disguise Online Gambling Payments

Written by:
Guest
Published on:
Jun/22/2017

An investigation by Reuters revewls that online dummy stores are being used to disguise payments for the $40bn global online gambling industry.

The seven sites, operated out of Europe, purport to sell items including fabric, DVD cases, maps, gift wrap, mechanical tape, pin badges and flags.

These online storefronts were determined to be fakes. 

That strategy is called "transaction laundering" - when one online merchant processes payment card transactions on behalf of another, which can help disguise the true nature of payments.  Read More and Watch Below

Bet on Sports-Join MyBookie.ag today!

video News

Cincinnati Bengals 2017 Season Betting Preview

Cincinnati Bengals 2017 Season Betting Preview

Gambling911.com has your Cincinnati Bengals 2017 season betting preview with the early futures odds following immediately here.

Jamaica Stuns Mexico as 14-1 Underdog to Reach CONCACAF Final 2017

Jamaica Stuns Mexico as 14-1 Underdog to Reach CONCACAF Final 2017

Jamaica pulled off a massive upset in this year’s CONCACAF semi-final game against Mexico, winning 1-0.

Michael Phelps vs. Great White Epic Fail: Gamblers Backed a ‘Farce’

Great White Lie: Will Books Honor Phelps Bet With Virtual Shark?

Despite the Great White Shark being favored at -800, gamblers overwhelmingly bet him (or her) win

Scott Blumstein Living the American Dream After Winning 2017 WSOP Main Event

Scott Blumstein Living the American Dream After Winning 2017 WSOP Main Event

Scott Blumstein shares his experience after winning $8,150,000 and becoming the latest World Series of Poker Main Event champ.

Christie Urges Trump Not to Ban Online Gambling

Christie Urges Trump Not to Ban Online Gambling

New Jersey Governor Chris Christie has urged US President Donald Trump not to ban online gambling following a push by some in Congress to push through legislation originally spearheaded by casino billionaire Sheldon Adelson that would do just that. 

Syndicate