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Bodog Founder Calvin Ayre Indicted by U.S. Government

Celebrities, 2012-02-28, by Ozone

In another landmark moment in the United States' war on online gambling, federal prosecutors in Baltimore unsealed an indictment against Bodog founder Calvin Ayre. The highly-visible online gaming tycoon is accused of conspiring to commit money laundering and operating an illegal gambling business.

Rod Rosenstein, the U.S. attorney in Baltimore, indicted Ayre and three other Canadian men accused of helping Ayre supervise the illegal gambling business. Said Rosenstein, "Sports betting is illegal in Maryland, and federal law prohibits bookmakers from flouting that law simply because they are located outside the country."

Additionally, the Bodog.com domain name was seized by the U.S. Department of Homeland Security. However, the company has not operated its business through this domain since May of 2011 when it switched to Bodog.eu.

In a statement on his website, Ayre said, "These documents were filed with Forbes magazine before they were filed anywhere else and were drafted with the consumption of the media as a primary objective. We will all look at this and discuss the future with our advisors, but it will not stop my many business interests globally that are unrelated to anything in the US and it will not stop my many charity projects through my foundation."

Prosecutors allege that Ayre directed more than $100 million in sports gambling winnings by wire and by check to gamblers in the U.S. They also claim he spent $42 million on advertising campaigns in the U.S. between 2005 and 2008 for the Bodog brand.

None of the men indicted are believed to be in custody at this time. Ayre faces up to 25 years in prison if convicted of both counts.

Related Links

Forbes.com Article

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