Texas Man Convicted of Conspiracy to Commit Money Laundering

A 44-year-old Texas man has been convicted by a federal jury in Oklahoma City of conspiracy to commit money laundering by operating an illegal international gambling enterprise.

Bartice Alan King of Spring, Texas, was president and CEO of Legendz Sports, an online and phone-based gambling enterprise based in Panama City, Panama. From 2003 to 2013, Legendz Sports allegedly took more than $1 billion in illegal bets, a majority of which came from U.S.-based gamblers betting on American sporting events.

According to the compliant, King oversaw a network of bookies throughout the U.S. who illegally sought and took bets from U.S. gamblers and paid out winners. The government said that Legendz Sports’ employees regularly transported millions of dollars in cash and checks from the U.S. to Panama, and that the checks were made out to a variety of shell corporations created by Legendz Sports throughout Central America to launder illegal gambling proceeds.

In addition, government evidence showed that the illegal gambling proceeds were used to build Legendz Sport’s multi-million dollar call center in Panama, pay employees and fund payouts to winning gamblers as well as to personally enrich King, who owns mansions in Texas and Florida.

On April 30, 2015, King was convicted by the federal jury of conducting an illegal gambling business and engaging in a conspiracy to commit money laundering. A sentencing date has not been scheduled.

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