U.S. Homeland Security After 5 Dimes
The gambling website, 5 Dimes is accused of money laundering by the U.S. Homeland Security after it used Amazon gift cards as a source of funding for its U.S. facing gambling operations.
5 Dimes operates out of Costa Rica, where it runs the Grand Poker Network and used Amazon gift cards to transfer nearly $2 million in funds in an attempt to evade the U.S.’s strict laws that prohibit unlicensed online gambling transactions. The Unlawful Internet Gaming Enforcement Act (UIGEA) prevents any financial institution from processing online gambling transactions.
The investigation has determined that 5Dimes has developed an alternative to the traditional online financial payment methods, which is unavailable to 5Dimes under federal law, in order to operate its illegal betting operation in the US. This illegal alternative relies on the use of Amazon gift cards, in violation of Amazon’s terms of service.
The investigation has determined that 5Dimes has developed an alternative to the traditional online financial payment methods, which is unavailable to 5Dimes under federal law, in order to operate its illegal betting operation in the US. This illegal alternative relies on the use of Amazon gift cards, in violation of Amazon’s terms of service.
5 Dimes encouraged its site users to fund their accounts with Amazon gift cards, players just needed to send photographic evidence of the purchased cards with receipts. Any withdrawals from their player’s accounts were paid back in the form of Amazon vouchers with a 10% bonus on top.
5 Dimes poker used to operate under the Equity Poker Network but since switching to its own platform it has struggled for player liquidity with barely enough players for a small ring game.
The government body is hoping to cease $159,000, spread over 15 different Amazon accounts should it gain a warrant to do so which would surely spell the end for the troubled poker site.
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