Legendz Sports, which had been accused by prosecutors of offering online and telephone gambling solutions almost exclusively to US gamblers, will now forfeit earnings in a controversial 'equitable sharing' payout to law enforcement.
Legendz Sports' illegal activities just helped police agencies' bottom line in New York and Florida.
That's because various agencies into the Empire and Sunshine states are to benefit from $9.6 million in forfeited criminal assets for their roles in breaking up the online gambling that is illegal ring.
Forty people were arrested in April 2013 for activities related to Legendz Sports, a company that handled over $1 billion in bets and managed a large system of overseas sports wagering internet sites.
Charges included racketeering, money-laundering, and wire fraud.
The scenario began in Albany County, NY, with local authorities investigating two prison guards who were suspected of acting as bookies for prisoners. From there, the research quickly spread throughout the US, as FBI workplaces in Miami, Oklahoma, and Boston coordinated with the Albany County Sheriff's office to intercept thousands of telephone phone calls and emails that would fundamentally result in the arrests.
The founder of Legendz Sports founder, Bartice 'Luke' King, from Oklahoma, is currently dealing with trial in Oklahoma City.
US Gamblers Targeted
Legendz sports, which was initially based in Costa Rica befo