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Gambling911.com has obtained legal documents filed by the US Government in cases against ZIP Payment Solutions founders, Edward Courdy and Michael Gardone. Both operated a payment processing company that catered mostly to online gambling establishments, the most notable being Bodog Sportsbook. A criminal investigation was launched by the District Court in Maryland.
Courdy is said to have transferred over $2 million from Dublin, Ireland to the state of Nevada and then to the state of Maryland "with the intent to promote the carrying on of specified unlawful activity, that is conducting an illegal gambling business in violation of Title 18 of United States code section 1955."
Gambling911.com sources have revealed that the US Government is in the process of building a case against Bodog (BodogLife.com) and its founder, Calvin Ayre. That company had $24 million of its funds seized through ZIP Payment Solutions.
"They want him (Calvin Ayre) badly," our sources reveal.
Bodog affiliates and anyone who has conducted business with the company could be subpoenaed.
The Sept. 29 filing the of Courdy and Garone charges coincides with the date that Courdy and ZIP Payments filed a claim in forfeiture proceedings involving $9,869,283.05, which was seized in July from several bank accounts tied to Courdy. Courdy and ZIP Payments, through their California attorney, Stanley I. Greenberg, are seeking the return of the seized money. Also filing a claim that day was 1st Technology, LLC, which recently won a $46,597,849 Nevada court judgment against Bodog and is seeking to collect part of the money by intervening in the ZIP Payments forfeiture proceeding.
Bodog has had trouble paying customers since the seizure, however, in recent weeks many of the firm's customers have reported receipt of payouts.
Christopher Costigan, Gambling911.com Publisher
