| |
added on 2010-03-02 07:10:15
FBI arrested a German immigrant accused of helping American online poker players to transfer over $70 million of winnings.
Michael Olaf Schuett, 29 year-old, had allegedly transferred over $70 million in online poker winnings to American citizens, within the last three years.
Schuett had several bank accounts and a range of company names that includes: MCM Capital Management Corp.; MI Global Inc.; South Naples Escrow Co.; Southwest Florida Payroll Co.; Woodhouse Systems; Mathew’s Trade Corp; and Internet Payment Services Group Inc.
Michael Olaf Schuett opened at least 40 accounts at the Bank of America, he received wire transfers and transferred about $70 million to 23,000 clients over the past three years.
The local bank employees became suspicious when they saw large checks which were issued by his companies on a regular basis and alerted the police. The bank staff became suspicious after several customers came and tried to cash large cheques from Schuett’s company MCM Capital Management at the bank.
FedEx were suspicious as well because of the 51 packages which were being mailed daily from Schuett's home.
The FedEx employees also opened several of the parcels and discovered they all contained cheques.
“Federal Express employees became suspicious of Schuett's activity when Schuett began mailing over 150 parcels per week,” said a federal complaint alleging Schuett is involved in money laundering.
When they were questioned, Schuett's customers claimed the checks were their online poker winnings payments.
Michael Olaf Schuett never registered himself as a money transmitting business and he passed as a real estate investor.
The Federal authorities sent him in a Lee County jail and searched his property, his computers and other materials used for illegal online gambling activities.
|
|
|
|
