Three Men Sentenced to Prison Following Money Laundering Scandal

Three Men Sentenced to Prison Following Money Laundering Scandal

Three suspects, Michel G, Maurice G and Stijn F were accused of working in a gray market with their online gambling company, sparking a full investigation in the Netherlands.

After almost four years of investigation led by the Netherlands Public Prosecution Service, these allegations were confirmed and they have been sentenced to up to two years in prison!

What Did They Do Exactly?

Brothers Michel and Maurice G. along with Stijn F. were charged with laundering money that came from their illegal online casinos. And that’s not it; they were also charged with running a criminal organization. For both of these arraignments, they were found guilty!

More Suspects:

According to some reports, there are twenty-seven suspects in this case, however, Michel, Maurice and Stijn were the main ones.

The court finds this group very dangerous when it comes to law on games and therefore, they were mainly focusing on them during this case.

On the other hand, main suspect, Stijn F. disagrees with them and expressed his opinion regarding this topic in “Het Financieele Dagblad” (Dutch economic newspaper) by saying:

I did not do anything illegal. It is arbitrariness. The Public Prosecution Service now prosecutes us, while the Netherlands Gaming Authority (NGA) does not take any action against dozens of online casinos.”

Earning A Lot Of Money:

These men earned more than 100 million euro via seven illegal online casinos from 2007 until 2013.

Furthermore, the Public Prosecution Service figured out that approximately fifty million euro was also made in this period of time. Afterwards, the money was channeled away and laundered. They owned online casinos in Costa Rica, a paradise for online casino operators.

Young, Prosperous… Frauds?

Eight years ago, according to Quote Magazine, Michel, Maurice and Stijn were named, “Young, self-made millionaires.”

Then, in 2012, the Ministry of Security and Justice created a list of online casinos that were obeying the law and that were meeting their criteria. Those who managed to end up on that list weren’t in any danger when it comes to prosecution.

Surprisingly, Amsterdamcasino.com an online casino owned by Stijn F was also found there. In 2013, their empire started falling apart after a huge police raid during which this casino along with fruitluck.com were closed.

The Beginning Of The End:

This event cost the suspects a lot. They have lost tens of millions of euros in profit. After the court suspended this case for a certain period of time, Stijn F. used that opportunity to sue the state.

Moreover, he claimed that the Public Prosecution Service caused their bankruptcy, especially their Bubble Group company.

Stijn F. stated that he received a letter from the NGA where you can see the proof that his websites were following the rules according to the law. It stated:

The board will follow their own guidelines, pointing out NGA’s responsibility and the priorities to be set. Providers on the ‘gray list’, given that they comply to the set conditions, will not be prosecuted.”

Source: “ Sentences Up To 2 Years In Dutch Money Laundering Case” https://europeangaming.eu/portal/latest-news/2019/01/23/36922/sentences-up-to-2-years-in-dutch-money-laundering-case/European Gaming. January 23, 2019.

Comment: I’m in shock! And they thought they could get away with this?!Unbelievable!

Author: Ava Jackuard

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