Calvin Ayre has $24 million seized by DOJ
This is pretty scary…
Forbes story about Calvin Ayre
Here is a little bit that might scare some poker players:
The U.S. government recently seized $24 million from bank accounts linked to Bodog, the giant, illegal-under-U.S.-law Internet gaming operation founded by Canadian tycoon Calvin Ayre.
Federal filings make very clear that a serious criminal investigation of the Bodog enterprise is ongoing. At a minimum, word of the seizures is likely to rattle the confidence of U.S.-based online gamblers that they will receive their winnings, not only from Bodog but from the industry’s other remaining participants.
I don’t think anyone has to worry about receiving their funds. But I do think people have to worry about the general level of aggression on the part of the DOJ since it has been a little while since anything major like this has been announced. I am personally hoping that the DOJ is going to stick to RICO and sports-betting stuff because it’s potentially deadly if they decide to take on a poker-only case. Of course it’s also potentially great, but… that’s a pretty big gamble.
This also reminds me of something my Dad told me a few years back…
In early 2006 Ayre rocketed to international prominence–and the cover of Forbes magazine’ annual issue on the world’s billionaires–for his stewardship from Costa Rica of Bodog Entertainment Group and his open flouting of authorities in the U.S., his major market. The story headline: “Catch Me If You Can.”
That’s dumb. Does he really want to flaunt that sort of thing in front of the American public and humiliate the DOJ? That’s like putting a target squarely on your back. Unless he thought the publicity outweighed the risk somehow, doing a cover like that is really dumb. And, for what it’s worth, I don’t think the publicity comes close to the risk of a more toned-down interview/cover … or just not doing the story in the first place.
Oh, and what my Dad told me a few years back was that it’s dumb for offshore gaming people to flaunt themselves. I’m sure that it seems obvious, but the DOJ *really* doesn’t like it and I think the people in charge there take actions like Ayre’s to be an aggressive stance against their Dept and they also think that it’s something they have to fight. While I rarely talk about my family on here for good reason, at one point in time my Dad (an attorney) did work for someone doing something related to gaming — that’s about as specific as I will get on a topic like that on my blog. But anyway, I also remember him telling me that one of the guys involved was really being dumb when he did all sorts of interviews and generally let every single person possible know about his success (to that point). Lo and behold, the guy gets nailed. So basically, if that wasn’t a lesson to every online gaming exec, this should be. Keep quiet, keep a low profile and hope to avoid attention. Let someone else take the spotlight.
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Didn’t Ayre also agree to do a 60 Minutes profile, the function of which seemed mostly to cast himself as some kind of Heffner to the gambling world and once again flaunt his billionaire outlaw status on National TV. It’s amazing how vanity-driven his business marketing plan seems to be and therefore I guess not so surprising no one was able to convince him to tone it down. I’m assuming the DOJ has been working up to this for a long time and will relish the moment to put Ayre through the ringer as thoroughly as possible.
What about all those “.net” sites that accept US players, who advertise using players at the WSOP. Is that not flaunting? Who draws these fine lines in the gray areas?
Shaniac
July 31, 2008
Nice article Nat. Also, poker needs to continue preaching the good aspects like Phil Gordon’s 1% effort and work done by ppl like Lee Watkinson.
greg
August 1, 2008
He did not have anything to do with that title “Catch me if you can” that was totally Forbes doing. He did not even know about that title until the magazine came out.
Suzy Wong
August 31, 2008
Just to set the facts straight, Calvin Ayre did not own bodog.com when these seizures took place…he sold bodog.com to MorrisMohawk.com after the passing of the UIEGA and Alwyn Morris has released press stating that the money did not come from him…industry rumors say that the money grabbed was mostly from one of the big poker companies and another Sportsbook in CR. Also, Calvin was never on 60 minutes, or even in discussions to be on 60 minutes, and what he does is lifestyle brand building (similar to what Richard Branson does for Virgin), its not vanity at all, and many things attributed to Calvin in the media are just invented by the media…for example that “Catch me if you can” title was the reporter’s spin, and in fact, Calvin said the exact opposite, he felt that under international law what bodog did was entirely legal.
Also, the money seizures have continued and recently have been targeted entirely at the big private poker companies who still let US residents play. There is no evidence that Alwyn Morris’s bodog.com is any different than any other product in that market, and this entire situation has no bearing on other bodog branded licensees operating in other markets globally.
Thank you,
Becky
BodogBecky
September 4, 2010
@Becky: you are a funny girl. Are you paid by your boss to post all this whitewashing nonsense over the internet? Do you get extra cookies for that? Bodog.com is not sold, it is one of your ”licensees”. That’s what you say on your own sites. No one’s dumb though, this belongs to Calvin Ayre. It’s just a way to pretend he has nothing to do with it all anymore, to avoid going behind bars, it’s a revenue share deal of some sorts. And no vanity? Calvin Ayre is the biggest ego maniac there is in the online gambling industry. He did say catch me if you can, only regretting after wards inventing whatever. Brand building? Like when he got to the Budapest conference totally shit faced muttering gibberish? What brand is that? Or when he calls you ”Blowjob Becky” all over his site? Are you proud to work for that? You must really be starving for money to endorse such a company. I pity you.
David
December 29, 2010
@David, sorry you feel this way, but I stand by my original post.
If anyone would like factual information about Calvin, the Bodog Brand, or any of the Bodog Brand licensees, please take a look at bodogbrand.com or the wikipedia pages for Calvin Ayre and Bodog. For more on Calvin, he’s got plenty of original work at CalvinAyre.com along with igaming industry news and entertainment.
Regarding the 2009 Budapest conference, Calvin decided not to deliver a regular keynote speech and to spice things up a bit by delivering a “bodog style” mini-party. Love it or hate it, everyone was talking about it and it still comes up in conversation today…Calvin likes to keep things fun and outrageous.
On that note, I recommend that you don’t miss our upcoming party during the iGaming SUPER Show in Dublin, the 1 year CalvinAyre.com anniversary party and Calvin’s 50th birthday. This is going to be the biggest event the industry has ever seen.
BodogBecky
January 8, 2011
Thank you Blowjob Becky, bodog.com belongs to you according to your site. We don’t care about your ill minded parties fuelled by black money and butt of all jokes.
David
January 11, 2011