Gambling Addiction

Gambling Addiction Causes $4 Million To Be Stolen By Attorney

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The slot machine sights and sounds may look like a lot of fun, but there are times when the call of those sounds become destructive. This was the case for a former Bergen County attorney.

Michael Rumore pleaded guilty on Friday to stealing over $4 million to fuel his gambling habit. His game of choice was slots, but after a while the losses turned into much more than a game.

“This defendant betrayed the oath he took as an attorney, exploiting his position as fiduciary by stealing approximately $4 million entrusted to him for various real estate closings,” said attorney General Anne Milgram, in a statement.

Rumore’s law practices mostly involved real estate. When the market dried up several years ago, he ran o0ut of his own money to gamble with. It was at that point that Rumore decided the only way he could continue gambling would be to use money from the trust.

Atlantic City was his place of freedom. Casinos would send limos for Rumore to pick him up and then bring him home when he was done gambling.

The stealing happened over a period of a year and a half, from April 2007 to August of 2008. Rumore now faces up to fifteen years in prison for the crime. His attorney’s will ask for leniency on the basis of the bi-polar disorder he suffers from.

$4 Million Bookie Gambling Debt Ends Up In Australia’s Court System

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Sydney, Australia has Nick Moraitis, a well known racehorse owner in the territory. Although he is one of the most successful owners, his son has not had as good of fortune as he has.

Stephen Moraitis is in the middle of a court case in which a bookmaker is trying to recoup almost $4 million in gambling debts. The debts were accumulated between April of 2004 and June of 2007.

The Northern Territory Supreme Court will now hear the case and rule whether or not Moraitis should have to pay the debt. He has argued that Sportsbet took advantage of his gambling addiction in allowing him to rack up the debt.

Sportsbet does have a Responsible Gambling Code of Conduct that gamblers must adhere to when they choose to bet with them. Moraitis has said that the company was in violation of that code of conduct when they allowed him to keep betting.

There have been similar cases to this one in the United States that have ended up tossed out of court. Judges have been shy about setting a precedent that would allow gamblers to blame their wagering problems on casinos or sportsbooks.

Moraitis tried to get the case heard in Federal Court, but he was denied in that request and the case was subsequently sent to the Northern Territory Supreme Court.

Internet Gambling

French Embarrassed By Arrest of Internet Gambling Executive

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Unibet, an internet gaming company, has criticized the French government for falsely arresting chief executive Petter Nylander on Monday, claiming that the arrest unwarranted because the company is legal under EU law.

The fact that he was apparently illegally arrested is a minor situation compared to the fact that Paris seems ready to admit that is not the first time they have illegally discriminated against online operators.

The motives behind these discriminations come from the government trying to protect its state monopolies.

This is not being taken lightly by online gaming operators or members of surrounding governments. A member of the Swedish Parliament, Christopher Fjellner, had this to say about these unwarranted arrests, “A worrying fact is that the European arrest warrant, an instrument put in place to combat terrorism and organized crime, is now being used by the government for people who fight French protectionism.”

The French government has ordered that PMU and Francaise des Jeux drop their complaints against Unibet.

The French Europe Minister, Jean-Pierre Jouyet even went a step further saying that they are ready to open the online gambling market in France, and as long as groups seeking licenses satisfy the proper criteria the licenses would be issued.

The criteria is said to be that there is a plan in place that will prevent both money laundering and addiction.

Gambling Stance

Frank, Conyers, Urge US Trade Rep to Change Online Gambling Stance

House Financial Services and House Judiciary Committee’s Chairmen Frank and Conyers sent a letter to Susan Schwab, the U.S. Trade Representative, and was signed by six other lawmakers, that was critical of the tactics taken to withdraw trade in services for cross-border trading in the WTO.

“Your agency has chosen not to consult with Congress, but instead to take what we view as a drastic step which could have significant consequences for the whole WTO system”, was part of the text of the letter.

The lawmakers suggest that the Bush Administration should roll back a U.S. ban on Internet gambling instead of paying compensation to the European Union and other countries that have filed for compensation.

The United States, after losing its case in the WTO and subsequent appeals, decided that it never intended to allow cross-border Internet gambling as part of it’s trade agreement, and began the process to withdraw this commitment, which is causing much frustration throughout the world and has sparked massive claims from member countries that may exceed $100 million in compensation.

The US has been in negotiations with the EU, India, Japan, Costa Rica, Macau, Canada and Australia and has a deadline of mid-December to reach a deal.

Antigua & Barbuda, the country that brought the suit to the WTO, is seeking permission to withdraw several of its commitments in retaliation for the loss of revenue it has encounter. This form of retaliation will come as a suspension of copyrights, patents, and trademarks on American Music, Movies, and Software.

The lawmakers said that U.S. credibility is at stake, and within the letter state that they feared compensation would be ‘expensive to the U.S. economy’, but they are more concerned with what the ‘withdrawal says about U.S. credibility as a trading partner.’

If the U.S. continues on the path it has taken, it may open the door to other members of the WTO to withdraw some of their commitments that were made and now deemed ‘inconvenient or politically difficult.’

“We are writing to express our interest in considering possible legislative solutions that might restore U.S. compliance withe the GATS agreement without renouncing any of our commitments under that agreement,” said the lawmakers.

Barney Frank in April introduced a bill(HR 2046) that would effectively roll back the UIGEA and open up trade to foreign business.

Gambling Case

Fourteen Indicted In Aces Wired Gambling Case In Texas

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Aces Wired still believes they have done nothing illegal in their Amusement Centers in Texas. They were the subject of a raid back in May in which authorities confiscated eight liner slot machines from Aces Amusement Center No.5.

The fallout from that raid continued on Friday when fourteen people who worked for Aces Wired were indicted on illegal gambling charges. The company, however, believes that none of the people indicted will be convicted.

“The state’s investigation fails to understand how our electronic game-Amusement With Prize-technology fully complies with state law by rewarding players with prize points that can only be redeemed for non cash merchandise prizes,’ said Aces Wired CEO Kenneth Griffith, in a statement.

The charges that were brought up on Friday are the usual procedure of the state in gambling cases. They ranged from organized criminal activity to tampering with evidence. Many of the defendants were also charged with conducting an illegal gambling operation.

Authorities around the US have been cracking down on illegal gambling machine operations. This raid, however, is different than most others. Police typically raid convenient stores or bars where illegal operations are being run.

In the Aces Wired case, they were openly running what they believed to be a legal amusement operation. The company is planning on showing the court that their machines were in compliance with state law.

Gambling Ring Bust Lands Fairfax Tax Worker In Jail

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This is the time of the year when sports gambling rings are busted around the country. The authorities have spent all year undercover trying to get as much information as possible, and between now and the Super Bowl is when the arrests start to happen.

One of those gambling operations was busted up on Thursday in Fairfax County, Virginia. A Department of Tax Administration employee was arrested and charged with running a sports gambling operation.

Diane ThanhDiep Tran was arrested in her office this past week. Authorities charged her not only with the sports operation charge, but also with a charge of money laundering. The laundering charge is one that usually runs hand in hand with any sports betting related busts.

“At this time of year, we are going to see more and more of these undercover sting operations in the US. The police are very good at working undercover within these gambling operations, and then making headlines with these busts at the end of the season,” said Mario Plumarter.

Tran has been working at the tax office for almost four years. She has not been in trouble in that time up until the point of her arrest on Thursday.