Kim,
The big thing now is being charged with money laundering. Two friends of mine were busted and pleaded out to a year in federal to NOT have the money laundering charges persued. State laws vary from place to place. From what they told me the key to not having the feds involved is to have less than 5 employees, less than 3 phone lines and NO interstate action.
The big thing now is being charged with money laundering. Two friends of mine were busted and pleaded out to a year in federal to NOT have the money laundering charges persued. State laws vary from place to place. From what they told me the key to not having the feds involved is to have less than 5 employees, less than 3 phone lines and NO interstate action.
I guess the key is Keep it simple and small if possible . I could be wrong , but I'm guessing if the charges were just "Bookmaking"(Racketeering... I guess), the worse case scenario would be a fine and Probation... still wandering... future plans ... :cool Max , hope your friends are doin' alright !
When I was 20 I was hit with a misdemeanor for bookmaking
me and 2 friends ran a total square book at ohio st. we were ratted out by someone who did not want to pay his debt. these kids were extremely foolish.. always saying who they wanted before they got the line.. naturally the line was bumped a point against them. if you're dumb enough to tip your hand and indicate who you are playing before you get the line.. you can expect that to happen with a lot of locals.
500 dollar fine, each had to do 80 hours of community service.
me and 2 friends ran a total square book at ohio st. we were ratted out by someone who did not want to pay his debt. these kids were extremely foolish.. always saying who they wanted before they got the line.. naturally the line was bumped a point against them. if you're dumb enough to tip your hand and indicate who you are playing before you get the line.. you can expect that to happen with a lot of locals.
500 dollar fine, each had to do 80 hours of community service.
back in the "good old" days the local police chief would call you up and say ok bud its your turn..........you would drive down to the police station pay a hundred dollar fine for "keeping a gambling house" then go have a beer with the police chief........
if the feds get involved your subject to be charged with offenses ranging from wire fraud, rico violations, maintaining a gambling house, running a criminal enterprise ect...
but wait until the IRS steps in with their adding machines.....
federal gambling stamp .............may or may not be of any help.......
if the feds get involved your subject to be charged with offenses ranging from wire fraud, rico violations, maintaining a gambling house, running a criminal enterprise ect...
but wait until the IRS steps in with their adding machines.....
federal gambling stamp .............may or may not be of any help.......
You do not want to get pinched by the feds. A local pinch is still a local pinch, but when they bring in the feds, its because they are going after a money Laundering charge, and the feds have so many legal loopholes you can't beat them any more. My best advice to all you BM's is to be very careful who you do business with, who you talk to, and who your customers are. Also do not send or receive faxes in the US, talk on your cell phone about anything pertaining to gambling or use you computer. I guess basically what I am saying is that if your a BM you know the risks you are taking and are ready to deal with the consequences if you get popped. IF they feds want you they will get you, bottome line.
