Bodog Online Gaming Founder Charged With Money Laundering
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Calvin Ayre, a Canadian who founded online-gambling company Bodog in 1994, was indicted by U.S. prosecutors in Baltimore for conducting an illegal business that generated more than $100 million in winnings.
Ayre, 50, and three other men are accused of conspiring to commit money laundering while conducting the business from at least June 2005 until Jan. 6, according to court papers unsealed today in Baltimore. Ayre and the men, all Canadian citizens, allegedly moved funds from Bodog’s accounts in Switzerland, England, Malta, Canada and elsewhere to pay winnings to gamblers and media brokers in the U.S.