Trial Continues For Chinese Gambling Ring

Mar 22, 2014
Trial Continues For Chinese Gambling Ring
A trial is in progress in China with 67 people for their involvement in an online sports betting ring that reportedly produced 484 billion yuan (US$77.7 billion) from March 2008 to April 2013. Prosecutors say the ring involved a group of friends and relatives running it like a pyramid selling scheme. "In many previous cases, we only seized those at the lowest level. This time, the suspects come from all tiers," said the senior prosecutor of the case. "We are trying to recover their illegal earnings, and end their money laundering operation, to make it harder for them to continue their illegal business after they have finished their prison terms. Otherwise, they can easily rent a new server or just change the names of the websites."
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