- This topic is empty.
-
Posts
-
the headlines of this news scared us too, however it is completely different from what internet gambling affiliates do so there should be no worries.
Here’s the important line in that story:
“Robert Eon Marshall, 58, who pleaded guilty in January to mail fraud, was sentenced Friday. “
What he was doing beyond the fraud (internet, gambling, whatever) wasn’t material to the case.
Market Junction wrote:Here’s the important line in that story:“Robert Eon Marshall, 58, who pleaded guilty in January to mail fraud, was sentenced Friday. “
What he was doing beyond the fraud (internet, gambling, whatever) wasn’t material to the case.
Not a good choice of headline.
Robert Eon Marshall, 58, who pleaded guilty in January to mail fraud, was sentenced Friday.
Let’s not forget that no one has ever been indicted on “operating a gambling website” – charges are usually money laundering, wire/mail fraud, racketeering etc.
While I do believe that he was not punished for the gambling websites, handing down 10 year sentence to 58-year-old man is just mean. Texas is quite anal for most forms of gambling, online or offline.
the headlines of this news scared us too, however it is completely different from what internet gambling affiliates do so there should be no worries.
It’s a white label casino, and it’s exactly what internet gambling affiliates do.
Either way, it appears to be an old 2003 case, but still quite disturbing.
Nothing to do with Affiliates and everything to do with Securities Fraud. SEC takes that stuff seriously. What an imbosil. Unfortunetly, they will use this to degrade affiliates everywhere.
The other Web sites would pay Marshall a percentage of gamblers’ losses. He told investors that he would eventually develop a separate gambling Web site, authorities said. He sold ownership in his company for $10,000 per unit, but authorities said the program generated less than $1,000 in revenue for Marshall’s company.
However, in 2003 and 2004 he told investors the company was successful and mailed false earnings reports so they would invest more, prosecutors said. At least 41 people, mostly elderly victims using retirement money, lost more than $900,000.
Quote:At least 41 people, mostly elderly victims using retirement money, lost more than $900,000.10 years aint enough. They should have threw the book at this asshole and gave him 10 years PER victim. :slapface:
It has nothing to do with SEC, he actually mailed the reports to the “potential investors”, not to SEC.
On a funny note – I would love to see someone filing papers with SEC for running an online casino. That sure would make my day. :stirpot:
10 years aint enough. They should have threw the book at this asshole and gave him 10 years PER victim.
Mail fraud max sentence is 30 years, but old dudes usually don’t get much jail time…than again, we are talking about Texas here, wouldn’t be surprised if he got capital punishment :happydanc
Stupid wrote:…than again, we are talking about Texas here, wouldn’t be surprised if he got capital punishment :happydancI hear that. The judicial system in Texas sucks. I lived there for 6 years until I moved back to NY last year. I was arrested in Texas and sat there for a week without a court date before I got out. When I was in, one guy I was talking to was arrested for not paying child support. He got out the same day as me. He said he was in there for 3 months and never went to court until that day and the judge told him to start paying his child support or he would be back in there. While I agree that he should sit in jail for not paying child support, I don’t agree that he should have been in there for 3 months without a court date and without sentencing. We have a right to a speedy trial and Texas don’t care about that. I also see a lot of people getting the max 6 month sentences on first offense misdemeanors. They just sent me to anger management though. I guess I got lucky.
I think it is obvious on the article that the basis of the case is not gambling. He was charged of fraud for inflating earnings reports.
