ZeroHour
404 Mediapublished ()ingested Joseph Cox

How a Money Laundering Crew Allegedly Moved Millions Through FanDuel

lowPolicy & legalimportance 30
Full article199 words · extracted from 404media.co · click to collapse

This article was produced in collaboration with Court Watch, an independent outlet that unearths overlooked court records.

Alex Bogomolny ensured his new clients that he was working on cleaning $20,000 of their drug money. “We have a big team,” he told the clients in a text message on December 6, 2023. “BlackSnake Team,” he added.

The plan was to create accounts with different casinos and sportsbooks, and in particular FanDuel, a very popular betting platform that has led the charge in the legitimization and surging popularity of sports betting in the U.S. Fresh accounts had limits on how much money they could deposit, but Bogomolny sent the clients screenshots of what established accounts were eventually capable of. They showed the accounts’ total winnings: $883,072.28 in one. $2,786,797.39 in another. The idea was that dirty money went in, legitimately gambled winnings came out.

This post is for paid members only

Become a paid member for unlimited ad-free access to articles, bonus podcast content, and more.

Subscribe

Sign up for free access to this post

Free members get access to posts like this one along with an email round-up of our week's stories.

Subscribe

Already have an account? Sign in

Text extracted automatically; images, tables and formatting may be missing. Original: https://www.404media.co/how-a-money-laundering-crew-allegedly-moved-millions-through-fanduel/