Inside the Global Online Betting Empire of a Slain Turkish Cypriot Businessman. (www.occrp.org)
from Cat@ponder.cat to world@lemmy.world on 16 Feb 12:49
https://ponder.cat/post/1656761

• Falyali’s longtime head of finance, Cemil Önal, told OCCRP that these operations generated at least $80 million each month. (Reporters were unable to independently verify the figure.)
• Önal said he personally arranged some $15 million in “sponsorship” payments to public officials in Turkey and northern Cyprus each month.
• Reporters also found over $60 million worth of properties owned by Falyali’s widow in Dubai, which Önal identified as a major base for the alleged organization’s ongoing operations.
• The organization allegedly recruited thousands of people to open bank, credit card, cryptocurrency, and online payment accounts to move illicit gambling proceeds, according to Turkish prosecutors.
• The details laid out by Önal and Turkish prosecutors illustrate the difficulty of regulating illegal betting, a rapidly growing industry estimated to generate hundreds of billions of dollars a year.

#world