Bodog Employees on the Hook for Money Laundering

Edward Courdy and Michael Garone have just been charged by federal authorities in Maryland with Money Laundering in association with Bodog. The two men had a total of twenty four million dollars seized earlier this year that is suspected to have been in relation to financial transactions for Bodog.

Edward Courdy is in trouble for an alleged transfer of over two million dollars in April. The transfer was between Dublin, Ireland and a state bank account in Nevada held by ZIP Payments. Allegedly, the money was then transferred to Maryland and other places all to promote an illegal gambling business. Courdy is not taking this lying down though. Through a lawyer named Stanely Greenburg in California, the two have filed a claim for nearly ten million dollars and are seeking to have the seized money returned.

Garone is facing similar charges from April of 2007 for transferring about one and a half million dollars from Frankfurt Germany to a bank account in Georgia. Federal authorities’ allege that the money was used in gambling related transactions with the Bodog group. Garone and his company, JBL Services, are not seeking a claim against the fourteen million dollars that was seized from their company.

A few others were however interested in getting some of the money. Scott Lewis of First Technology LLC is looking to get his hands on some of the cash. Lewis won a small default judgment from Bodog earlier in the year of about fifty thousand dollars on a patent issue but Bodog has not paid. He is hoping to collect some of the judgment through the ZIP forfeiture.