Originally Posted by accountinquestion
Did you read about the case elsewhere? From the article it seems like the fraud by false representation charge may have dealt with bonus abuse. It isn't clear at all thoughOriginally Posted by smurgerburgerHe was prosecuted for bank fraud, some kind of misrepresentation to a bank. Not for anything done to the sports book.Originally Posted by accountinquestion
Just this article but it said this was a fraud against the bank, not the book.
My guess is this guy was funding and cashing out the accounts himself rather than having the beards do it and in the process of doing that he made some kind of fraudulent misrepresentation to the bank that he was the beard.
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