Avs_19
Registered User
- Jun 28, 2007
- 85,036
- 33,373
Now, I don't understand all of what's going but it sure sounds like he's ****ed. Like really ****ed and possibly worse than initially imagined/reported.
According to sources who spoke to ESPN on condition of anonymity, Krause was an agent for Costa Rica-based online sportsbook ABCBetting.ag. Bettors who said they wagered with Krause told ESPN he provided them with a line of credit and login information. They placed their wagers on the site and paid Krause directly, they said. One source who bet with Krause told ESPN that money was exchanged using Venmo or PayPal.
That source added that Krause offered to give them a portion of the proceeds for any bettors they referred to him. "'Whoever bets, I'll give you kickbacks,'" the person recalled Krause saying.
Offshore sportsbooks operate outside of U.S. regulations in countries like Costa Rica, Panama and Antigua and Barbuda, where they are licensed. Some rely on networks of agents, often located in the U.S., to acquire customers and handle payments. U.S. residents who have worked as agents for offshore sportsbooks have been charged with crimes such as tax evasion, operating an illegal sports betting organization and money laundering. The Department of Justice has accused offshore sportsbooks that serve U.S. bettors of violating the Wire Act, a federal statute that prohibits those "engaged in the business of betting" from knowingly transmitting wagering information across state lines.