Tuesday, August 08, 2006

Resending to Correct "Trail" instead of "Trial"--Sorry for the error

Department of Injustice Comedy Show Continues

Online casinos and sportsbooks are releasing more wacky wagers than ever. You can bet the odds on when your favorite Hollywood divas will get pregnant or married.  You can bet on pretty much every reality show and online gamblers can even speculate on the weather.  To our knowledge, there were no betting odds on who would be the first government official to postulate that the Department of Injustice’s “Tobetaman Square Massacre” e.g. the arrest of BetOnSports CEO David Carruthers, was somehow, even indirectly tied to our war on terror. But perhaps you found such a Calcutta Auction.

If you had Missouri’s US attorney Catherine Hanaway in your brain death pool, you win.  However, we all lose. As previously reported on CasinoBettingNews.com, she uttered, “We need to check it (casino revenue) is not being used for money laundering, drug financing or terrorism. Because it’s flowing out of the country in an unregulated way, we simply don’t know the ultimate destination”.

The sad and unassailable fact is that the government’s crackdown on legitimate sportsbooks opens the door for funding terrorists inside our borders. Our own Department of Homeland Security has been quite sobering in admitting they know there are several sleeper terrorist cells inside our borders.  One of the most controversial provisions of the Patriot Act allows for the government to monitor bank transactions of “suspected terrorists”.  Put the civil liberties arguments aside for another time, even opponents will acknowledge it aids the government in tracking money being wired internationally to domestic cells.

One way to sneak under such surveillance is to instead earn funds locally and without a paper trail.  Perhaps terrorists would open a bunch of lemonade stands and not report the income. No pun intended, but do not bet on that happening.

Should gamblers no longer feel secure making deposit to well-respected offshore casinos, they will not quit gambling to take up cake decorating classes.  They will bet the old fashioned way—through a local guy on a cell phone. According to Cy McCormick of the popular cyber handicapping syndicate AllianceHandicapping.com, “Many gamblers I know are diversifying”.  He says while few are abandoning the offshore books completely, “They are using local guys they had not been clients of for years” feeling safer betting with “Big Ernie” instead of the regulated Costa Rican books.

Oh Catherine dear, how do you know that big wad of hundred dollar bills now going to some guy in a sweat suit isn’t being used for “money laundering, drug financing or terrorism?” now that the Department of Injustice and you helped eliminate some semblance of a paper trail?   

Like we asked in a previous article, “Do you feel safer now”?

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