FBI Arrests German for Online Poker Transfers - 03-04-10 |
March 4 - The FBI has announced the arrest of one Michael Olaf Schuett who
allegedly acted as a middle man for offshore poker sites and US poker players.
It is alleged that the German citizen ran the operation from his South
Florida home and helped transfer up to $70 million in poker winnings to local
players.
The FBI first got wind of Schuett's activities after FedEx reported
suspicious activity to them.
FedEx employees became suspicious of Schuett's movements after they were
sometimes called to his home to pick up as many as 150 parcels each week.
The company opened several of the parcels and discovered checks that were
earmarked as payment to US poker players.
Schuett was nabbed after customers tried to cash these checks, signed by his
company, MCM Capital Management, at a number of US banks. They told the banks
that they were
online poker
winnings.
The FBI report said that Schuett managed poker funds for over 23,000 players
and that his operation handled literally tens of thousands of dollars a day.
Winnings were also transferred by
online payment
services, and Escrow services.
According to the FBI, the money was transferred to MCM Capital Management
from European bank accounts and paid out to North American poker plaeyrs.
Schuett has been arrested and is being held without bail. The 29 year old had
a valid visa to the United States that is due to expire in April this year.
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