Offshore Banking

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-105

2
Guys,

With the new gaming law now in effect you may want to look into offshore banking and investment, if you have never done so.

I can tell you from years of exp that it WILL solve all your banking worries and problems for ever.

For most guys, and especially those that have been it this business anytime at all, we all use offshore accounts and banks to move funds daily and with no problems at all.

For some reason, we as Americans have been programmed to think that anything out side the U.S. is either unsafe or inferior, well thats not so and is very un-true.

There are several different ways to set your banking up so that not only is it safe for you to do what you want to with your money, but also make good intrest in doing it.

Anyone with any real experiense in offshore banking will tell you exactly this guys and for the most part, most guys down it because they know nothing about it and are generally too smart ("Hardheaded") to investigate or study how it works.



moving money with ease
105
 
1

-105

2
Re: Offshore Banking

Hey Brock,

Glad to help if I can buddy. Email me if you like for more info and I will also post several different options up here later, that are real solid and work, for the guys to look into, also.

I can tell you from years of exp and several "hard lessions" over the years that I (now) know "NOT", what to do, that's for sure. I have lived offshore for the past 15 years and can help I hope buddy.

Almost forgot, I like the picture man, I have been doing that to the crooks called the usgov for years with no regrets.


helping the business always
105
 
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S

SpecialK

2
Re: Offshore Banking

-105 said:
Hey Brock,

Glad to help if I can buddy. Email me if you like for more info and I will also post several different options up here later, that are real solid and work, for the guys to look into, also.

I can tell you from years of exp and several "hard lessions" over the years that I (now) know "NOT", what to do, that's for sure. I have lived offshore for the past 15 years and can help I hope buddy.

Almost forgot, I like the picture man, I have been doing that to the crooks called the usgov for years with no regrets.


helping the business always
105
Click to expand...

Thanks for posting on this. I would love to see more info...I've done some research, but could use some direction for sure.

Thanks for all of your contributions.
 
1

-105

2
Re: Offshore Banking

Hey K,

Below are the 2 banks we use To send funds to our offshore accounts electronically they are called "Correspondent banks." With these 2 banks it is simple and safe to move both, U.S. and Canadian dollars, back and forth from your accounts offshore to your accounts there in the US and Canada, all with no problems at all for years.

Money out or making a transfer to another account or company(world wide)is so easy and safe. You can also convert money into the currency of choice easly.
Example: Say that you are living in Hong Kong and want to send money home to Australia? No problem, you simply convert your Hong Kong dollars into Australian dollars and arrange the transfer very simple and all online.

Funds can be deposited from with in the U.S. or Canada or outside from offshore, and are easly accessible 24/7 all totally legal and worry free.




Canadian Dollar
HSBC Bank Canada, Toronto, Ontario, Canada. A/C No. 930-133684-060, SWIFT: HKBCCATT.

US dollar
HSBC Bank USA, Newark, Delaware, USA. 19713-2107, A/C No. 001828509, SWIFT: MRMDUS33, ABA 021 001088.

If you want to get set up for an offshore account with legal banking, email us and we will be glad to get you all set up. Remember tht we have always used banks (offshore) that have been in operation for 150 years or more so you don't have to worry about them being safe.

To never worry about payments or accounts rec ever again, the cost of the entire set-up, which includes everything you need (lawyer the whole 9 yards) to complete transactions world wide, safe, secure and totally legal is generally less than $1000 dollars US and is ready for your use in just 3 to 4 working days.


hope that helps
105
 
S

SpecialK

2
Re: Offshore Banking

-105 said:
Hey K,

Below are the 2 banks we use To send funds to our offshore accounts electronically they are called "Correspondent banks." With these 2 banks it is simple and safe to move both, U.S. and Canadian dollars, back and forth from your accounts offshore to your accounts there in the US and Canada, all with no problems at all for years.

Money out or making a transfer to another account or company(world wide)is so easy and safe. You can also convert money into the currency of choice easly.
Example: Say that you are living in Hong Kong and want to send money home to Australia? No problem, you simply convert your Hong Kong dollars into Australian dollars and arrange the transfer very simple and all online.

Funds can be deposited from with in the U.S. or Canada or outside from offshore, and are easly accessible 24/7 all totally legal and worry free.




Canadian Dollar
HSBC Bank Canada, Toronto, Ontario, Canada. A/C No. 930-133684-060, SWIFT: HKBCCATT.

US dollar
HSBC Bank USA, Newark, Delaware, USA. 19713-2107, A/C No. 001828509, SWIFT: MRMDUS33, ABA 021 001088.

If you want to get set up for an offshore account with legal banking, email us and we will be glad to get you all set up. Remember tht we have always used banks (offshore) that have been in operation for 150 years or more so you don't have to worry about them being safe.

To never worry about payments or accounts rec ever again, the cost of the entire set-up, which includes everything you need (lawyer the whole 9 yards) to complete transactions world wide, safe, secure and totally legal is generally less than $1000 dollars US and is ready for your use in just 3 to 4 working days.


hope that helps
105
Click to expand...

Helps a ton. You're a pal....Thanks!!!
 
M

Max Value

EOG Member
Re: Offshore Banking

appreciate the info -105....i have a couple of questions...how do i get your email address?

Mv
 
1

-105

2
Re: Offshore Banking

it should be aval in my profile or contact section I think buddy.



105
 
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Bucky

Bucky

EOG Dedicated
Re: Offshore Banking

But, 105 - you are not living in the USA - you can bank as you please in the country you are living in.

Let's say an
American citizen has a bank account in Canada or England or Switzerland or wherever. He wires funds from an American bank to deposit in the foreign bank. The foreign bank wires the funds to a sportsbook.

How is that different than what Neteller did? Hey, I'm all for it if it will work. If it will pass the legal opinion test. I guess as long as the principals of the foreign banks never come to America they should have nothing to worry about.
 
J

Joe

2
Re: Offshore Banking

Nothing personal, but a host of new posters ('cept for bucky and acw) jumpin on this bandwagon smells a tad off to me.

105 you would not be charging a "fee" for all your free help, now would you?

Bucky would happen to be correct. A US citizen using a foreign bank to wire funds to a sportsbook would be in violation of US law.

This is an area that should have a lot of interesting stuff going on. What the US government is saying is that a foreign bank that transfers money to a sportsbook for a US citizen is violating US law and will be held criminally liable.

Can you picture the US shutting down Deutchesbank? or Barclays? or any of the Japanese super-banks?

The banks themselves have huge investments in the US so they have their nuts exposed, but for the US to actually do something against them would be a huge international incident.

Regardless, the only way this could work is if sportsbooks set up fictious businesses with bank accounts and the foreign bank is transferring funds to "Joe's fresh fish market and same day appendix surgery" and not "Joe's American Sportsbook".

The other area is cost. Foreign accounts cost a LOT for the small-time player. I do not see it being worth it unless your annual gross wagers are over $500,00.
 
B

Buckeyemac

2
Re: Offshore Banking

1000 dollars seems a bit inflated to me and something doesn't feel right but that's just an opinon. I know other countries have solid banking systems and this could be a possibility. Beware of the easy route.:+clueless
Best Wishes
Buckeyemac
 
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-105

2
Re: Offshore Banking

Joe ,
That is why they call it an offshore account friend, hello!

Offshore accounts are set-up to function as a normal corp or entitys and are viewed by both, the country you set it up in, and the bank or banks that you deal with, as just that, a functioning company.

If I had not been in the business for lot's years and used this set-up successfully for many of these years, then I need not tell you about it friend, why waste my time?

Another thing, your STUPID comment about "wanting to make a buck off telling you this" friend, I would not have said what I have said in all the other posts about the subject if this were my motive friend.


Ask YOURSELF:
1.Honestly, do you have an offshore bank?

2.Have you ever know anyone, on a personial and or professional basis, that has one or uses one daily, for over 20 years, by chance?

3.Have you investigated any part of what you have said friend, if so what part if not your just "blowing" like a lot of "wantabes" in this business pal?

4.A guy that bets the kind of $ you are talking about ($500 a year?) need not worry about it, I can promise you. The feds aren't looking for you Joe or worried about your chump change, why waste your time and energy betting man, what a joke!

5.Offshore banking is generally for only those of us who bet full time and for a living. This is our profession, our job, our income, this is how we feed our families friend, and make our living, well most weeks anyway.

Final thought, the feds would never even look into or bother a player like you just mentioned, simply a waste of time, trust me. Cost that change, to boot up most guys computer.



think friend think
105
 
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S

SpecialK

2
Re: Offshore Banking

Joe said:
Nothing personal, but a host of new posters ('cept for bucky and acw) jumpin on this bandwagon smells a tad off to me.

105 you would not be charging a "fee" for all your free help, now would you?

Bucky would happen to be correct. A US citizen using a foreign bank to wire funds to a sportsbook would be in violation of US law.

This is an area that should have a lot of interesting stuff going on. What the US government is saying is that a foreign bank that transfers money to a sportsbook for a US citizen is violating US law and will be held criminally liable.

Can you picture the US shutting down Deutchesbank? or Barclays? or any of the Japanese super-banks?

The banks themselves have huge investments in the US so they have their nuts exposed, but for the US to actually do something against them would be a huge international incident.

Regardless, the only way this could work is if sportsbooks set up fictious businesses with bank accounts and the foreign bank is transferring funds to "Joe's fresh fish market and same day appendix surgery" and not "Joe's American Sportsbook".

The other area is cost. Foreign accounts cost a LOT for the small-time player. I do not see it being worth it unless your annual gross wagers are over $500,00.
Click to expand...

Gotta be honest here...I'm one of the eog newbies who jumped on this thread. I've read several of 105's posts and the guy definitely knows his stuff. He doesn't shove it down your throat, he just passes info along in a very objective manner.

I have a plan to make sportsbetting my full time profession, so I need info like this.

Don't get me wrong, Joe...I know your looking out for the board, too. I guess what I'm trying to say is that based on 105's posts...his intentions are sincere.

If you have action today...good luck....I hope you take it down!
 
SBR_John

SBR_John

2
Re: Offshore Banking

Bucky would happen to be correct. A US citizen using a foreign bank to wire funds to a sportsbook would be in violation of US law.
Click to expand...
Which law? It may be illegal for the bank if they are subject to US law but it certainly is not for the player and happens 24/7 for US players living abroad.
 
1

-105

2
Re: Offshore Banking

I am Not busting your "Chops" Joe,
Your an Old Timer here and God Bless you friend!

I am just saying that I have used "several" offshore accounts and for over 20 years to run my gambling business, and NEVER had a problem never once buddy!

Let me add this, I hope that you were "One of the Wise" who took every nickel out of neteller the very day Bush signed that bill, several months ago.

Most guys sat around with their thumbs up their "rear ends" (good, clean word) and their funds were then frozen by our friends at neteller, and now they are all bitching about it was "NOT" their fault and how they have been ripped-off by Ron and the guys over at neteller.


just a thought by "mr. square" here again
105
 
J

Joe

2
Re: Offshore Banking

105,

I am not saying anything about who you are, how you make your living or how long you have done it.

But, in the last 20 years, how many times has the US government gone after foreign financial insitutions because they allow people to transfer money to offshore sportsbooks/casinos?

The point is that for 95% of gamblers setting up foreign accounts would not be cost effective.

The transaction costs would destroy any profits generated.

That is the only point I wanted to make. Well, that and curiousity if you have a great plan and for only a few dollars you will gladly help set someone up...

As for me, I have been on-shore since December ('cept for a few dollars at EOG POKER - have to plug the sponsor). But, I must confess that I have $80 stuck in neteller.

Joe

PS. SBR - read the law. It is illegal for US citizens to utilize transfers from financial institutions to gamble. It does not say where. It does not even say it has to be a US bank. Neteller and BOS are great examples. The US government told banks to freeze funds and they did. Period, just like that.

Now, will the US tell Barclays to freeze the funds in John Doe's account because he bet $5 on the Giants.... probably not. But, would the US government tell Barclays to freeze all accounts that made transfers to or received transfers from account # 365042259412 of the First National Bank of Costa Rica... who knows? If you want to risk your money, go ahead.
 
1

-105

2
Re: Offshore Banking

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and not to worry , joe will bill you later
-105

[/FONT]
 
rainbow

rainbow

EOG Master
Re: Offshore Banking

Joe said:
Nothing personal, but a host of new posters ('cept for bucky and acw) jumpin on this bandwagon smells a tad off to me.

105 you would not be charging a "fee" for all your free help, now would you?

Bucky would happen to be correct. A US citizen using a foreign bank to wire funds to a sportsbook would be in violation of US law.

This is an area that should have a lot of interesting stuff going on. What the US government is saying is that a foreign bank that transfers money to a sportsbook for a US citizen is violating US law and will be held criminally liable.

Can you picture the US shutting down Deutchesbank? or Barclays? or any of the Japanese super-banks?

The banks themselves have huge investments in the US so they have their nuts exposed, but for the US to actually do something against them would be a huge international incident.

Regardless, the only way this could work is if sportsbooks set up fictious businesses with bank accounts and the foreign bank is transferring funds to "Joe's fresh fish market and same day appendix surgery" and not "Joe's American Sportsbook".

The other area is cost. Foreign accounts cost a LOT for the small-time player. I do not see it being worth it unless your annual gross wagers are over $500,00.
Click to expand...
JOE, I SMELT THE SAME THING YOU SMELT YESTERDAY, BUT YESTERDAY WASN?T TOO GOOD OF A DAY FOR ME, THATS THE ONLY REASON WHY I DIDN?T REPLY YESTERDAY, I MIGHT BE WRONG, BUT I WOULDN?T TOUCH IT WITH A 10FT POLE...
 
Bucky

Bucky

EOG Dedicated
Re: Offshore Banking

105 - it comes back to funding e-gold like funding neteller, etc. If the DOJ stopped Paypal,FirePay, Neteller, Moneybookers, etc.,etc. - they could stop E-Gold if they wanted to. So, I guess we can all try to fly under the radar.

Hey, its a good discussion - funding gaming accounts without getting involved in a clusterfvck. I just don't think it is good enough to have an alternative that should work until it gets shut down. I am interested in ways that are rock solid.

If we break it down - Neteller on the left(3rd part payment proceccors look vulnerable) - fly to CR with a pocketful of cash on the right (will work). Ok - can we find more convenience than that.

Within this framework, the problem is getting the funds out of the USA without the hassle. What if:

1. Take cash to a Canadian bank-exchange to Canadian cash

2. Deposit said Canadian cash into a Canadian bank

2. Wire to the same bank WSEX banks at in Antigua - Canadian funds

3. transfer to WSEX and play in Canadian funds

Ok - let's play Devil's advocate - tear this apart and see what we have left.

I mean we should be allowed to wire funds to a Canadian casino front money account or something - that should be legal.
 
J

Joe

2
Re: Offshore Banking

Well, since you asked...

Why bother converting to Canadian dollars?

So long as the account belongs to Bucky, resident of US, it is illegal.

Does not matter if it is US dollars, Canadian dollars, rupees, pesos or yen. Financial insitutions cannot transfer funds from a US citizen to a sportsbook. Period. To do so opens the door for the bank to be charged criminally in US courts.

So long as the law exists, there is no completely safe way.

You could send money to a friend in another country and let them deposit for you, but then the whole trust issue comes into play.

Not worth the risk, imo.

If you are a making a living at it then the best thing for you to do is move out of the country. Otherwise, go back to your local or relax and watch sports for the enjoyment of it.
 
A

acw

EOG Enthusiast
Re: Offshore Banking

Joe said:
If you are a making a living at it then the best thing for you to do is move out of the country.
Click to expand...
That anyhow! But it is not enough.
I am not an American nor live in the States, but still these days I want no dealings in US$s at all! The problem is that as soon as US$s are being sent from lets say Asia to the Caribbean, it will always go via a corresponding bank in the US. It is probably for that reason that companies like Ladbrokes never allowed accounts to be opened in US$s to start with. In fact I am still surprised that a company like Pinnacle that now refuses American residents to bet with them would still offer the US currency. Any other currency will be better.

One more note in regards to US$ cash. Banks world wide do not like accepting it any longer.
 
H

herewegoagain

EOG Member
Re: Offshore Banking

1. Take cash to a Canadian bank-exchange to Canadian cash

2. Deposit said Canadian cash into a Canadian bank

2. Wire to the same bank WSEX banks at in Antigua - Canadian funds

3. transfer to WSEX and play in Canadian funds

Ok - let's play Devil's advocate - tear this apart and see what we have left.




What you "have left" after all that effort is a federal money laundering rap.




-105........Do you know what Treasury Department Form 90-22.1 is ? You should look it up before you give the financial advice regarding offshore accounts. Anybody considering doing any offshore banking with significant (high 4 figures or more) cash should get advice from a tax pro, not a forum poster.
 
1

-105

2
Re: Offshore Banking

Joe,
thats' a good thought buddy, but the problem is the loss of "big cash" on the conversion with the Canadian $.

I guess we really need to just set-up a "yearly seminar" on finances here and invite all boy's down for a week, to show them just how safe and easy it all really is to do this.

Most of the books providing service for the "movers" now, have or are in the process of structuring several cash in and cash out programs that are company to company with no hint of gaming.

Totally seperate entities. We have used one of the best firms in the country for years to keep every thing "clean" and totally legal as we do business world wide.



far from green mr. Posts: 13
-105
:grand:
 
Bucky

Bucky

EOG Dedicated
Re: Offshore Banking

True that on currency fluctuations. And the point about not being involved in anything with the Big ML implications is well taken.

I guess we should all read the new statute and study it right down to the last detail. The use of a USD financial instrument stuck out to me and therefore I thought that perhaps the statute could not address how foreign banks use their own currencies. But, if the statute stretches that far to include any financial instrument on behalf of an American citizen then that would be a worthwhile exercise.

The law is pretty hypocritical. Apparently, a United States citizen can wire funds to his Canadian bank - appear in person and make a withdrawal - walk into a casino in Winnipeg and play there - use his American funds. But, you must physically be where the bet eminates from I guess.

Stretching it further, then (sorry - not giving up yet) I could fly to CR - open a bank account - wire in some funds from the USA - go to the bank - get the dough - go to the sports book - make the deposit. Have I done anything illegal here???? Yet? If I win - sportsbook transfers back to my CR bank account. I leave the dough in CR.

For me personally, I can play all I want to play - but I miss the old days of getting to play where ever I wanted to at a minutes notice - any poker game - any sports book - you name it.

But, 105 - that is a great offer - the biggest steak and lobster is on my me. There is a half a chance I can get out of here after the second round of the Big Dance before baseball starts
 
1

-105

2
Re: Offshore Banking

Good man,

Will pick you up at our new airport and I would love to have any of you guys come down for a week or so.

You will love it here, it really grows on you after a bit and there are very few hastles ever.



lovin life in CR
105
 
Woody

Woody

EOG Veteran
Re: Offshore Banking

Joe said:
PS. SBR - read the law. It is illegal for US citizens to utilize transfers from financial institutions to gamble. It does not say where. It does not even say it has to be a US bank. Neteller and BOS are great examples. The US government told banks to freeze funds and they did. Period, just like that.
Click to expand...

False, read the UIGEA and see if you can quote the section.

Joe, it looks like you have bought into the DOJ propaganda.

1. It is not illegal under Federal Law for an individual in the US to make a bet on a sporting event.

2. It is illegal for books to accept transfers of funds and for banks to make such transfers from the US.

3. If you have a bank account in another country you can use that to fund books and make bets while residing in the US.
 
1

-105

2
Re: Offshore Banking

Woody said:
False, read the UIGEA and see if you can quote the section.

Joe, it looks like you have bought into the DOJ propaganda.

1. It is not illegal under Federal Law for an individual in the US to make a bet on a sporting event.

2. It is illegal for books to accept transfers of funds and for banks to make such transfers from the US.

3. If you have a bank account in another country you can use that to fund books and make bets while residing in the US.
Click to expand...



Woody,
Refreshing buddy and God Bless you my friend!

I am so glad that you dug that up, heck the last thing I would ever want is to give a guy advice about something I really did not know 100% about.

Then he lose his bank roll (ass) listening to me, boy what a "Jack Ass" I would look like then, no way guys, never.

The only reason I ever started this thread is because I have lived down here for 15 years now been gambling for a living well over 2 decades, and had a lot of my buddies back home lose their "Asses" on this neteller thing and know from much exper that it is safe and works!.

I ONLY want the "very best" for every one on here that does what I love to do, and for them to be able to make a good living doing it, with no worrys about legal CRAP, period!




105
 
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S

SpecialK

2
Re: Offshore Banking

Thanks for all of your posts and knowledge -105. I've found this thread and many of the others you post on to be very educational. Thanks for sharing your experience with us.
 
M

Monte

EOG Member
Re: Offshore Banking

How does one exchange e-mails on here? In other words what is the proper conduct for this on the forum?
 
1

-105

2
Re: Offshore Banking

Monte,
I think there is a place you find that info for each guy, if you click on their forum name or profile, but not sure buddy.


hope that helps
105
 
1

-105

2
Re: Offshore Banking

SpecialK said:
Thanks for all of your posts and knowledge -105. I've found this thread and many of the others you post on to be very educational. Thanks for sharing your experience with us.
Click to expand...


no problem gunslinger hope it helps man.


105
 
J

Joe

2
Re: Offshore Banking

Woody,

I never said anything about it being illegal to make a wager.

At least in NJ, betting is totally legal. What is illegal is the charging of vig.

But, that is not the issue.

The issue in this thread is the UIGA and its impact on gambling offshore.

With that in mind, here is the law:

31 U.S.C. 5363. Prohibition on acceptance of any financial instrument for unlawful internet gambling

No person engaged in the business of betting or wagering may knowingly accept, in connection with the participation of another person in unlawful Internet gambling –

(1) credit, or the proceeds of credit, extended to or on behalf of such other person (includingcredit extended through the use of a credit card);
(2) an electronic fund transfer, or funds transmitted by or through a money transmitting business,or the proceeds of an electronic fund transfer or money transmitting service, from or on behalf of such other person;
(3) any check, draft, or similar instrument which is drawn by or on behalf of such other person and is drawn on or payable at or through any financial institution; or
(4) the proceeds of any other form of financial transaction, as the Secretary and the Board of Governors of the Federal Reserve System may jointly prescribe by regulation, which involves a financial institution as a payor or financial intermediary on behalf of or for the benefit of such other person.

Translation: A US citizen CANNOT use any money transfer systems to send money to sportsbooks/casinos/pokerrooms/whatevers.

So, again, US dollars, Canadian dollars, pesos, dinar, rupees, yen, it does not matter. It is illegal for US citizen to use money transfer means to send money to a gambling house regardless of location of bank account.

Use a foreign bank no problem, right? Ask Neteller about what a great idea that is...

Why do you think that all publicly traded British sportsbooks, casinos and poker rooms have shut out US customers? Because they want to or because their banks told them to...

The reality is that it is unlikely one would be caught using a foreign bank to send money to/from sportsbooks. But it is NOT FOOLPROOF.

The problem would be if there is a concentration of such accounts at one foreign bank. For example, if a bunch of sportsbooks got together and made a deal with the First National Bank of BangCock and all of a sudden hundreds of people opened accounts. Such a concentration may attract attention over time... Kind of like how BOS attracted attention...

There is no easy way out here. Nothing is guaranteed. If you want to gamble offshore you are risking that you will lose wagers AND risking that the government will shut down the money transfer mechanism freezing your funds and possibly losing them (has any US citizen been paid by Neteller yet?).

Period.

Anybody saying otherwise is simply jibbering foolishness.

Good Luck,
Joe

PS. To get an email address of someone, email one of the mods - dirty@eog.com, lawrence@eog.com, bucsfan67@eog.com.
 
J

Joe

2
Re: Offshore Banking

For those who think going international circumvents the law.

Under the definition section of the law:

(4) Financial transaction provider.– The term “financial transaction provider” means a creditor, credit card issuer, financial institution, operator of a terminal at which an electronic fund transfer may be initiated, money transmitting business, or international, national, regional, or local payment network utilized to effect a credit transaction, electronic fund transfer, stored value product transaction, or money transmitting service, or a participant in such network, or other participant in a designated payment system.

(bold mine)

The law itself:

http://www.ipmall.fplc.edu/hosted_resources/crs/97-619-061127.pdf

Page 55 - Unlawful Internet Gambling Enforcement Act
 
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Re: Offshore Banking

.. unlikely one would be caught using a foreign bank to send money to/from sportsbooks. But it is NOT FOOLPROOF.
... Such a concentration may attract attention over time... Kind of like how BOS attracted attention...

If you want to gamble offshore you are risking that you will lose wagers AND risking that the government will shut down the money transfer mechanism freezing your funds and possibly losing them (has any US citizen been paid by Neteller yet?).

Period.

Anybody saying otherwise is simply jibbering foolishness.

Good Luck,
Joe

PS. To get an email address of someone, email one of the mods - dirty@eog.com, lawrence@eog.com, bucsfan67@eog.com.[/quote]



Joe very well put my friend, you read my mind exactly buddy.

nice post
105 :houra
 
H

herewegoagain

EOG Member
Re: Offshore Banking

"Translation: A US citizen CANNOT use any money transfer systems to send money to sportsbooks/casinos/pokerrooms/whatevers"



You are not understanding the law. The casinos/sportsbooks are prohibited from accepting the funds transfer, and the banking services and associated businesses are prohibited from making or attempting to make the transfer.

If a U.S. citizen DOES complete the transfer somehow, there is nothing in the statute that criminalizes the U.S. citizen for doing so.
 
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