The U.S. Attorney’s Office for the Southern District of California made a plea agreement with two wayward entrepreneurs who were charged with Vancouver model money laundering in Sin City.
|
|
|
|
|
The Story
Bing Han and Lei Zhang, entrepreneurs charged for using the Vancouver model in Las Vegas, have agreed to a plea bargain with the U.S. Attorney’s Office for the Southern District of California. The Vancouver model refers to a way in which criminals can take advantage of both ends of the money laundering scheme. It enables Chinese high rollers looking to move money from China to somewhere outside the country, with the enablers facilitating the activity with Chinese banks willing to bend the rules and taking a cut of the action. The lender then also takes a cut to clean the money and present it to the client. This case is most likely the first time that anyone in the US has been trapped for facilitating illegal money transfers between the US and China in an effort to circumvent financial regulations, with a legal cap of $50,000 placed on outbound transfers coming from China. Han and Zhang had reportedly facilitated transfers into the multimillion-dollar range.
|
|
|
|
|
|
|
|
Blockchain technology has continued to make inroads into the sports industry, transforming the ever-growing industry greatly. This transformation will be at the heart of the agenda during the Future of Sports conference to be held on February 14.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
`
|
|
|
UltraPlay, an advanced betting solutions provider, won the eSports Betting Software of the year at the International Gaming Awards (IGA) and ICE London Landmark Award marking the company’s 10 years on the market. During ICE London, 4-6 February, UltraPlay’s iGaming experts presented the latest company’s developments on their advanced iGaming platform, sports and eSports betting solutions. Hundreds of visitors from across the globe stopped by and met with the team to discuss the various lucrative opportunities UltraPlay is offering.
|
|
|
|
|
Congratulations to Philip Shing for winning the WSOP Circuit tournament in Potawatomi for $151,284! Shing’s victory came on a very busy final day where the final eight players were all from America, not uncommon in WSOP Circuit events, but not altogether usual. |
|
|
|
|
|
The greatest glory in living lies
