Examples of Gaming Investigations - Fiscal Year 2017
The following examples of Gaming Investigations are written from public record documents on file in the courts within the judicial district where the cases were prosecuted.
Florida Man Sentenced for Defrauding Financial Institutions in Connection with Internet Gambling
On Oct. 27, 2016 in Orlando, Fla., David H. Stewart was sentenced to 41 months in prison, ordered to pay restitution in the amount of $323,636 and also ordered the forfeiture of his interest in a parcel of real property for conspiracy to commit wire fraud and bank fraud. Stewart conspired with Jason Neiman and others to defraud financial institutions and a credit card processor into processing illegal Internet gambling payments for offshore Internet gambling businesses. Stewart duped the financial institutions into processing the Internet gambling payments by disguising the transactions as payments for Internet television and movie subscriptions from DiamondPayTV, a phony Internet merchant. Stewart funneled the illegal gambling proceeds through business bank accounts that he opened in the names of shell companies and transferred the funds to overseas accounts controlled by the Internet casinos. He also lied to bank officials about the nature of these businesses to convince them to open the accounts. During a one-year period, the conspirators processed over 59,000 credit card transactions for illegal Internet gambling, totaling about $4.2 million.