| Agents Arrest German Man at Centre of Illegal Gambling Payment Service |
A German man, believed to be responsible for helping Amercian online poker players transfer over $70 million of winnings, has been arrested by Federal officers today.Michael Olaf Schuett, 29, found himself at the centre of a FBI investigation after customers of his company MCM Capital Management tried cashing large cheques at their banks, claiming they were online poker winnings.
Authorities were also alerted by the company FedEx, after some of its employee’s became suspicious of the amount of parcels coming to and from Schuett’s home, sometimes up to 150 a week. A Federal complaint read: “Federal Express employees became suspicious of Schuett’s activity when Schuett began mailing over 150 parcels per week. FedEx employees opened several of the parcels and determined that each contained a check.”
Schuett alledgedly ran an illegal payment processing company from his home, handing tens of thousands of dollars everyday and managing funds for up to 23,000 online gamblers. Using an elaborate network of banks, Escrow services and online payment services, he would move winnings around for customers based in the U.S.
“Federal Express employees became suspicious of Schuett’s activity when Schuett began mailing over 150 parcels per week. FedEx employees opened several of the parcels and determined that each contained a check.”
The German national will be held while Federal authorities search his property, computers and any other material used for illegal online gambling activities.
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