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Sentences up to 2 years in Dutch money laundering case

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Suspects Stijn F., Maurice G. and Michel G. assumed they were operating in a ‘gray market’ with their online gambling enterprise. However, after a lengthy 4-year criminal investigation by the Netherlands Public Prosecution Service, they are now sentenced to up to 2 years in prison.

Stijn F. and brothers Maurice and Michel G. were found guilty of laundering money derived from their illegal online casinos. They were also found guilty of leading a criminal organization.

There were 27 suspects in this case, with Stijn, Maurice and Michel being the main suspects. The court regards the group as a criminal organization, breaking the law on games of chance for many years in a row. Main suspect Stijn F. does not agree and voiced his opinion in ‘Het Financieele Dagblad’ (Dutch economic newspaper): “I did not do anything illegal. It is arbitrariness. The Public Prosecution Service now prosecutes us, while the Netherlands Gaming Authority (NGA) does not take any action against dozens of online casinos”.

The three main suspects earned over 100 million euro through 7 illegal online casinos between 2007 and 2013. The Public Prosecution Service estimated that a profit of around 50 million euro was made during this period. The money was consequently intricately channeled away and laundered. The online casinos owned by the suspects were hosted in Costa Rica, the country of choice for many online casino operators.

Back in 2011, Stijn, Maurice and Michel were still on Quote Magazine’s list of ‘Young, self-made millionaires’. One year later, the Ministry of Security and Justice started compiling a list of online casinos that met all their conditions and therefore would be tolerated. These casinos wouldn’t have to worry about being prosecuted. Amsterdamscasino.com, one of the online casinos owned by Stijn F, was also on this list. Another year later, in November 2013, the suspects’ online gambling empire started to crumble: after a large police raid, amsterdamscasino.com and fruitluck.com, among other websites, got pulled offline. Authorities also seized over 100 bank accounts and 80 buildings.

With the websites offline, the suspects missed out on tens of millions of euros in profit. After the court suspended the case for an undetermined period of time, Stijn F. saw his chance to file a claim against the State. A 75-million-euro claim, compensation for the 4-year long criminal investigation by the Public Prosecution Service. According to Stijn F., the Public Prosecution Service caused the bankruptcy of his enterprise Bubble Group. Bubble Group developed online gambling games, and acted under different trade names, among which Sheriff Gaming. Also, Stijn F. claimed to have a letter from the NGA proving that his websites were tolerated, according to the list compiled by the Ministry of Security and Justice. The letter states: ‘The board will follow their own guidelines, pointing out NGA’s responsibility and the priorities to be set. Providers on the ‘gray list’, given that they comply to the set conditions, will not be prosecuted. Click here to download the complete letter.

It took the court of Den Bosch no less than 24 days in session to finally sentence the three main suspects to up to 24 months in prison. Besides that, each of the three main suspects must pay a 100.000 euro fine. The Public Prosecution Service had also demanded a 2-year prison sentence for lawyer Annette M. The court however deemed that she had remained within the bounds of her profession and was found not guilty. Several financial advisors did get convicted for large-scale money laundering and forgery. Besides professional bans of 3 years, the advisors were also sentenced to carry out community service.

 

Source: gratisgokken.nl


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Sentences up to 2 years in Dutch money laundering case

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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SPAYZ.io reflects on milestone achievements in 2024

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SPAYZ.io, a global leader in payments technologies, has reflected on a remarkable year of milestones and achievements as it prepares for a series of exciting new industry initiatives. Its expansion into new markets, integration of next generation technologies, and active participation at industry events have collectively paved the way for strengthened partnerships and innovative solutions in 2025.

In 2024, SPAYZ.io launched new payment methods in established jurisdictions like Europe (Open Banking) and South Korea (Virtual Accounts) and emerging markets including Pakistan (Jazzcash, Easypasia), Malaysia (Touch’n’Go, FPX), Indonesia (Dana, OVO), Vietnam (MobileMoney, Viettel). Three new geos were also added; Kenya (M-Pesa), Ghana (MobileMoney) and Congo (MobileMoney).

SPAYZ.io made huge upgrades to ensure its platform,including enhanced provider balance management to optimise operational efficiency, increased fault tolerance to mitigate the impact of Distributed Denial of Service attacks, strengthened fraud prevention measures to safeguard transactions, and a tiered commissions policy.

A key highlight was the enhancement of SPAYZ.io’s existing IT product block. A new structure for team integration and alignment, double productivity output, reducing development time by 20. This was backed by the processing of 77,000 requests, 210 requests per day, in 2024 by the customer support team, offering fast assistance anytime the day.

Alongside these launches, SPAYZ.io took part in 19 exhibitions across 13 countries with 4 booths, expanding its network of partners.

Finally, in line with SPAYZ.io’s philosophy of rewarding partnerships and simplifying collaboration, it launched a new tiered commissions policy in 2024. This structure ensures its partners can benefit from incentives, while providing access to SPAYZ.io’s suite of payment tools.

The past 12 months have laid down a strong foundation for 2025, positioning SPAYZ.io for even greater achievements. The team looks forward to providing regular updates to our expanding network, particular with the 2025 event season well underway.

The post SPAYZ.io reflects on milestone achievements in 2024 appeared first on European Gaming Industry News.

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Atlaslive and Split The Pot Team Up to Enhance Gaming Accessibility and Fun

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Atlaslive, a dynamic iGaming Platform, has recently announced a strategic partnership with Split The Pot, a company renowned for lightweight, customizable, and enjoyable games. This collaboration will enhance the gaming experience for Atlaslive Platform users by combining top-notch, live technology with engaging and secure gaming solutions that also reach remote locations and all sorts of phone models.

Atlaslive is committed to delivering innovative iGaming solutions for operators that meet the changing needs of the gaming community. This partnership with Split The Pot aligns perfectly with Atlalsive’s mission to discover how far iGaming tech can evolve and to provide exceptional, user-centric gaming experiences.

 

Lidiia Vakulenco, COO of Atlaslive, expressed her excitement about this collaboration: “We are thrilled to partner with Split The Pot and bring their engaging and intuitive games to our platform. At Atlaslive, we focus on offering solutions that combine innovative technology with ease of use, ensuring that operators can deliver outstanding gaming experiences to players worldwide. This partnership strengthens our commitment to providing user-friendly and secure options for all types of players.”

Split The Pot is a Swedish game studio led by experienced online gambling professionals. They create simple, fun, and intuitive games designed for a wide audience, with a strong focus on mobile-friendly design.

 

Christian Rajter, CEO of Split The Pot, shared his enthusiasm: “We are excited to start working with Atlaslive and are confident this collaboration will bring great results to all of us and immense value to players. Their platform is incredibly advanced yet adaptable, allowing our games to reach a broader audience, including players in remote areas and those using various devices.”

Through this partnership, Atlaslive continues to show its commitment to building the future of iGaming while ensuring that operators benefit from live technology while meeting the dynamic needs of the gaming community. Together with Split The Pot, Atlaslive is here to revolutionize gaming through inventive, accessible, and personalized tools.

The post Atlaslive and Split The Pot Team Up to Enhance Gaming Accessibility and Fun appeared first on European Gaming Industry News.

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ICE welcomes the ‘world of gaming’ to Barcelona

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120,000 square metres of innovation presented by some 1,000 exhibitors is the prospect awaiting visitors arriving in Barcelona to be part of the annual gambling showcase, the first to be staged outside the UK. Both ICE and iGB Affiliate are officially sold out with Clarion Gaming confirming that it is operating a waiting list for 2026.

A Skywalk delivers an elevated perspective on the show floor and provides visitors with straightforward and swift access to the product zones that they require. To help visitors explore the full potential of the flagship event, Clarion has invested in ICE Ai, an enhanced customer tool which provides information on everything the industry-defining expo has to offer.

The relocation to Fira Gran Via Barcelona has provided opportunities to add new features and enhance existing ones. The first ICE ‘Association Assembly’ has been created to enable trade bodies to promote their values and create new opportunities for the gaming community across every sector and geography.

What was previously ICE VOX has been rebranded The World Gaming Forum (WGF).  The name more accurately reflects the credentials of events including the World Regulatory Briefing, the new Casino & Leaders Conference (formerly the ICC), and the new Esports & Games Conference – formerly the Esports Betting Conference.

Situated at the heart of the Fira Gran Via Barcelona, the WGF features an exclusive club-style VIP Lounge, a dedicated networking garden, and access to a range of concierge services.

The rebranded Sustainable Gambling Zone, sponsored by Flutter Entertainment, features 26 safer gambling bodies and underlines the importance that the industry places on sustainability and player protection.

The post ICE welcomes the ‘world of gaming’ to Barcelona appeared first on European Gaming Industry News.

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