UFC betting scandal (fighters barred from associating with James Krause, Jeff Molina suspended)

[Avs_19]

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.

 

[m9]

They play some of Ariel's interview with Krause and I wonder if something Krause said might end up being a bit of a bigger deal. He mentions that he "makes bets for other people" or "goes on their account" or something like that. Wonder if this is as simple as he's making bets under other people's accounts to skirt limits or even to collect bonuses, which betting companies could easily catch if he's making the same bets everywhere all the time. This would explain the Minner line moving so much as well if he had a bunch of accounts he was pushing money through within a couple hour period.

This is what I posted awhile back because it really caught my eye what Krause said in that Helwani interview. My guess to what exactly he did was a little off, but same idea.

I don't know what the exact legal ramifications are here, but obviously it's bad for Krause.

 

[Taytro]

You can't really make injuries public in MMA prior to a fight and we know many of these guys have preexisting injuries from camp, those injuries would definitely be targeted. I think Dillashaw disclosing his injury to the ref prior to the fight was good enough but based on what we saw, he should have backed out. Usman comes to mind the first time he fought Masvidal.

I don't actually see the bets Krause made going 8 for 8. Were they all on his fighters or against his fighters? They need to make an example of him for sure if they have the evidence.

But the thing is, 1 month prior what he did would be considered completely fine? The article points out that betting on yourself or your team was allowed until October, this event happened in November.

The big illegal thing here is if there's evidence that the fight was fixed/thrown and Krause profited off that. By the sounds of it Minner said he had a slight injury that was disclosed that got worse during the fight, and ended up being torn ligaments. If those ligaments were torn before the fight and Minner/Krause bet on him losing, then that is a real problem. Obviously it's illegal to fix fights and greatly impacts the integrity of the sport. So if that's what they have evidence of, then yeah he's done.

PS: I don't know the whole situation or the laws, I don't life in USA. That's just the way I read the situation.

 

[chicagoskycam]

But the thing is, 1 month prior what he did would be considered completely fine? The article points out that betting on yourself or your team was allowed until October, this event happened in November.

The big illegal thing here is if there's evidence that the fight was fixed/thrown and Krause profited off that. By the sounds of it Minner said he had a slight injury that was disclosed that got worse during the fight, and ended up being torn ligaments. If those ligaments were torn before the fight and Minner/Krause bet on him losing, then that is a real problem. Obviously it's illegal to fix fights and greatly impacts the integrity of the sport. So if that's what they have evidence of, then yeah he's done.

PS: I don't know the whole situation or the laws, I don't life in USA. That's just the way I read the situation.

My guess is Krause released some of this info to his friends and they bet on the fight. The UFC should have been all over him after the interview with Ariel. His discord channel should have been investigated, ect

 

[Avs_19]

 

[CDJ]

yeah you can remove the fight fixing allegations and he’s still likely going to prison for various cases of fraud. Can’t be an agent for an offshore book, that going to be a problem

 

[m9]

Talked to a buddy in Vegas who is a bit in the know with this. Not directly in but friend of a friend stuff. Nothing too ground-breaking but said that there are more fighters involved and this is going to be a bigger story with some stuff yet to come out in the next few weeks. Said many people involved are pretty tight so people don't really want to talk but it's all documented so it's just a matter of time so it doesn't really matter.

----

Krause's behavior is pretty basic gambling addict stuff.. mix that with opportunity and greed and here we are. The fight fixing & "insider trading" is the big stuff to me but like @CDJ mentioned above being an agent for offshore booking will end up being big because it's much more documented.

 

[Avs_19]

Talked to a buddy in Vegas who is a bit in the know with this. Not directly in but friend of a friend stuff. Nothing too ground-breaking but said that there are more fighters involved and this is going to be a bigger story with some stuff yet to come out in the next few weeks. Said many people involved are pretty tight so people don't really want to talk but it's all documented so it's just a matter of time so it doesn't really matter.

----

Krause's behavior is pretty basic gambling addict stuff.. mix that with opportunity and greed and here we are. The fight fixing & "insider trading" is the big stuff to me but like @CDJ mentioned above being an agent for offshore booking will end up being big because it's much more documented.

Falls in line with Luke's theory about others being involved and this article being sourced by law enforcement looking for people to flip.

 

[m9]

Falls in line with Luke's theory about others being involved and this article being sourced by law enforcement looking for people to flip.

That's funny, I just got caught up listening to MK and thought the same. I hadn't even thought about it until that point but it makes sense.

 

[CDJ]

Jeff Molina suspended for having substantial involvement in the scandal

 

[MMC]

Jeff Molina suspended for having substantial involvement in the scandal

Suspended by NSAC

 

[MMC]

 

[Bunk Moreland]

I don't know if this is due to the suspension or the ufc just said enough and cut him

 

[CDJ]

Promising career tossed away smdh

 

[CDJ]

Looks like Molina wasn’t released, they just won’t book him until the investigation is done

Honestly I think everybody knowing Krause and Molina as gamblers is punishment enough

 

[Bunk Moreland]

It's funny I didn't think of this until tonight....

My good friends brother is under contract with bellator I've gone to a few of his fights going back to the regional scene. This past summer he had a fight scheduled and I was told like 10 days before that he was going into it with a pretty significant arm injury but still intended to fight. He was a decently big favorite but considering everything I wasn't going to bet against him felt it was bad karma idk I didn't want to bet against a friend. That didn't stop me from telling my brother and brother in law about it who were going to bet on the fight lol. Anyway his opponent withdrew and the replacement opponent fell apart so it never happened but im sure this happens on every card of every promotion. Young guys don't want to turn down a fight in fear they will get passed over or guys who need to paycheck can't turn down the show money. He's finally getting a fight announced soon so that's why it all popped back into my mind.

 

[MMC]

 

[16Skippy]

Nice I'm ready to lose again

 

[Taytro]

Nice I'm ready to lose again

Unfortunately, I relate to this way too much. @CDJ

 

[CDJ]

Unfortunately, I relate to this way too much. @CDJ

Welcome back lol