Online gambling directors arrested

[The Buzz]

Massimiliano Fullin and Fabio Veglianetti, directors of a Malta-licensed company Medialive Limited, have been arrested in connection to an illegal, multi-million euro gambling racket in Italy, according to a report in today's Times of Malta.

Months-long investigations by the Italian fiscal police led to the arrest of seven people suspected of involvement . . . The sources said Operation Doppio Jack, as the investigation was dubbed, indicated that about 24 gaming parlours in six Italian regions were possibly being used for clandestine gambling activities not recorded by the Italian fiscal authorities.

The racket, which is also being investigated to establish if money-laundering activities were involved, is calculated to have been handling about €10 million worth of gambling activities every month using a system connected to the Malta-based servers.

According to the investigators, the 24 gaming parlours were camouflaged as ‘legal’ gaming operations related to NGOs, such as amateur sports associations, internet cafés and cultural circles in Tuscany, Marche, Lazio, Veneto and Emiglia Romagna.

All were interlinked remotely, and the money gambled passed directly on to the Maltese platform, thus avoiding the system controlled by the Italian gaming authorities, they said. Contacted yesterday, a spokesman for the MGA said that the gaming watchdog was following the case closely.

Read the entire article here: https://www.timesofmalta.com/article...s-italy.663648

[Madz]

€10 million a month! Thats gonna get noticed. Sounds like a very sophisticated operation.