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5Dimes, a popular Costa Rica-based sportsbook, has reached a $46.8 million settlement with the U.S. government following a federal money-laundering investigation, according to a settlement agreement obtained by ESPN on Wednesday.
5dimes Complaints
5Dimes agreed to pay $15 million in cash, forfeit more than $30 million in assets and stop accepting wagers from U.S. customers while operating out of Costa Rica, according to the settlement agreement reached with the U.S. Attorney's Office for the Easten District of Pennsylvania. Domain holdings group.
The settlement also absolves Laura Varela, the widow of 5Dimes owner William Sean Creighton, of any criminal conduct alleged against the sportsbook. Varela assumed responsibility for 5Dimes' assets after her husband was kidnapped in September 2018 and found dead a year later, but she did not have 'day-to-day authority' over its operations, according to the settlement.
“Beginning in at least 2011, 5Dimes accepted wagers from and made payouts to U.S. Bettors, and transferred more than $46.8 million in proceeds earned from its illegal gambling activities in such a manner as to attempt to hide the nature, location, source, and control of the funds.” 5Dimes already incorporated 5D Americas LLC in Delaware. As 1999 came around Tony 5dimes was setting up his operations and would name his company “5dimes casino” which was gambling jargon for $5000. Within a couple of years, Creighton had put many of the offshore online betting companies out of business and many were absorbed into 5dimes which had shared the same office building as many of these.
'The investigation was a complete success from our perspective,' Michael Lowe, assistant U.S. Attorney for the Eastern District of Pennsylvania, told ESPN. 'There was gambling going on, but we discovered it, we put a stop to it.'
Yup, 5Dimes runs a lottery too. They run Pick 3 and Pick 4 lottery tickets, which you can play for any states’ drawings. The difference here is 5Dimes offers 80% higher payouts. Your Pick 3 $1.00 Ticket Payout at 5Dimes = $900 Your Pick 4 $1.00 Ticket Payout at 5Dimes = $9000 You can play the Lotto900, Powerball and Mega Millions too.
The non-prosecution agreement allows 5Dimes and Varela to pursue opportunities in the expanding American sports betting market. Varela, who fully cooperated with the investigation, made 'significant changes' to 5Dimes's operations that make it 'suitable for participating in lawful gaming operations across the world,' according to the settlement agreement.
'We achieved the objective, which is, she is compliant with U.S. federal law right now,' Maria M. Carrillo, assistant U.S. Attorney for the Eastern District of Pennsylvania, told ESPN. 'What that means for her is she is not operating in violation of U.S. law, and she is not actively taking bets from U.S. bettors.
'Whether she's positioned well for regulators, that's up for the regulators to decide,' Carrillo said. '[5Dimes] certainly is no longer in violation of federal law.'
In an interview with ESPN, Varela said she is ' very, very happy and very excited about what the new chapter of 5Dimes can be.'
Creighton, a native of West Virginia, launched 5Dimes around 2000. At a time when sports betting in the U.S was restricted to primarily Nevada, 5Dimes grew it into one of the most popular online sportsbooks that served American bettors and eventually attracted attention from federal investigators.
In 2016, the Eastern District of Pennsylvania, in conjunction with the Department of Homeland Security, revealed it was investigating 5Dimes for money laundering, according to a seizure warrant filed in U.S. District Court that year. In the warrant, an agent detailed how he believed 5Dimes instructed bettors based in the U.S. to use gift cards as a way to place and later cash out bets. Creighton was never formally charged; however, the investigation remained open for years.
5Dimes used third-party payment processors to accept illegal payments from U.S. customers, the U.S. Attorney's Office said in the settlement agreement. The third parties processed credit card transactions for 5Dimes that concealed the nature of the charges, and received funds from U.S. customers' credit cards that were then transferred to bank accounts of shell companies operated by Creighton, according to the settlement.
Varela, through her attorneys, contacted the Eastern District of Pennsylvania in the spring of 2019 and offered her cooperation to settle the case. According to the settlement, she helped retrieve assets, but the parties agreed that her cooperation 'did not include information about the identities of individual U.S.-based customes.' Gold coins, cryptocurrency, funds from the sale of season tickets to the Pittsburgh Pirates and West Virginia University basketball and football, and a 1948 George Mikan rookie basketball card that Creighton purchased for about $400,000 are among the forfeited assets.
The Department of Homeland Security gifted the Mikan card to the Smithsonian Institution in Washington, D.C, according to the settlement agreement.
On Sept. 7, 5Dimes posted a notice on its website that it would stop accepting online bets from U.S.-based customers and instructed them to withdraw funds by Sept. 25. Any funds not requested by bettors before the deadline will be turned over to Epiq, a third-party claims administrator who will help the distribution process. Any funds not claimed by Sept. 30, 2021, will be forfeited to the U.S government, according to terms in the settlement.
Varela's attorneys, Stephen A. Miller and Barry Boss of firm Cozen O'Connor, said 5Dimes has established a new corporate entity, 5D Americas LLC, in the State of Delaware, as the sportsbook eyes the U.S. betting market. Legal sportsbooks are operating in 18 states and the District of Columbia.
As part of the settlement, the U.S. Attorney's Office for the Eastern District of Pennsylvania said, at Varela's request, it will answer questions from interested parties, including state regulatory authorities, regarding 5Dimes and Varela.
Creighton was abducted by four men in a rented grey pickup truck around 10 p.m., on Sept. 24, 2018, after leaving the 5Dimes office in San Pedro, the Costa Rica judicial investigation department (OIJ) said last year. The kidnappers demanded a $5 million ransom and received $1 million from Creighton's family, but Creighton was not returned, OIJ said.
A year after Creighton's disappearance, the OIJ reported finding his body in a cemetery in the small fishing town of Queops, Costa Rica, approximately a three-hour drive from where investigators believe he was abducted.
In January 2019, authorities conducted raids in Costa Rica and Spain, leading to the arrest of 12 people believed to be involved in Creighton's disappearance, according to an OIJ statement at the time. Three suspects were extradited from Spain to Costa Rica in April 2019 and, as of September 2019, were being investigated for the crime of extortive kidnapping, according to the Costa Rica Office of Public Ministry.
The Assistant Prosecutor's Office against Drug Trafficking and Related Crimes for Costa Rica told ESPN in an Sept. 17 email that the case against Creighton's alleged kidnappers is in the 'final investigation phase.'
According to the settlement, Creighton was the founder and had exclusive control of 5Dimes until his disappearance and death. Varela told ESPN she had never been involved with the operation of 5Dimes and that the management team in place continued to run the sportsbook following Creighton's disappearance.
'Months kept going by, and he was not coming back, and the reality also starts hitting, that's really when I realized the best thing for me and my family to do was to look for legal counsel,' Varela told ESPN in an interview conducted on Zoom.
Creighton grew up in Bridgeport, West Virginia. After graduating from West Virginia University in 1998 with a degree in business administration, he moved to Costa Rica with a small group of friends to launch 5Dimes. He was 43 at the time of his disappearance.
Varela says the loss of her husband, the father of her two young children, is a tragedy she doesn't believe she'll ever get over. 'You just learn how to live with it,' she said.
Thread Rating:
AxelWolf
I'm not sure how I missed this one think I just read the last one they had sent. This came in like 3 minutes prior to the one I just posted, that's a little bit concerning if they are sent from different departments I somehow think they're both automated. Dear Axel Wolf,
We're sorry, but your BTC payout request of $ x,xxx.xx USD has been rejected.
We thank you for your continued business and are always available if you should have any questions.
Email: [email protected]
Phone: 1-800-430-5896
- 5Dimes Group Staff -
xxxxxxxxxx - 9/xx/2020 xx:xx:35 PM
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
IAchance5
I'm not sure how I missed this one think I just read the last one they had sent. This came in like 3 minutes prior to the one I just posted, that's a little bit concerning if they are sent from different departments I somehow think they're both automated.
Dear Axel Wolf,
We're sorry, but your BTC payout request of $ x,xxx.xx USD has been rejected.
Dear Axel Wolf,
We're sorry, but your BTC payout request of $ x,xxx.xx USD has been rejected.
Did this email come before you got the call from 5D? If so, it was probably an automated rejection due to not having your verification stuff done (DBA, etc.)..I had to go through all this about 1.5 years ago when I requested a withdrawal. After mine got rejected, I had to spend some time on the phone with their customer service department to get it all straighten out..which now probably takes 10 times as long to get a hold of someone.
It's getting so close to that 30th date in which they turn everything over to an 'independent agency' to disburse the remaining funds, but they don't specify how long that process will take..messy situation to say the least..
Chuckleberry
I just missed a call, and then immediately got an email regarding my payout. I called back, and had to verify PIN, name, address, & payout amount.
I am now waiting on an email that I will have to respond to, and then the payout SHOULD be forthcoming.
WizardI am now waiting on an email that I will have to respond to, and then the payout SHOULD be forthcoming.
Administrator
Thanks for this post from:
I am now waiting on an email that I will have to respond to, and then the payout SHOULD be forthcoming.
Thanks to this thread, I checked my junk Email account, which is what I gave 5dimes. Three days ago they sent the Email below. I just called them and passed the phone verification. I am not awaiting said Email, which I'm supposed to respond to within 48 hours.
Quote: 5dimes
Dear Michael,
We need to perform a phone verification as confirmation required to process your current Bitcoin payout request. Since we were unable to communicate, we invite you to give us a call using the phone number registered in your account in order to complete this procedure, so we can process your payment.
We will be waiting for your response in order to proceed with your payment. If we haven’t received a response within 48 hours of sending this message, your payout will be automatically rejected.
For more assistance in this or any other matter, feel free to contact us via Live Help or by dialing our toll free number 1-800-430-5896.
Regards,
Andoni
Payout Team
5Dimes Group
It's not whether you win or lose; it's whether or not you had a good bet.
IAchance5
I just missed a call, and then immediately got an email regarding my payout. I called back, and had to verify PIN, name, address, & payout amount.
I am now waiting on an email that I will have to respond to, and then the payout SHOULD be forthcoming.
I am now waiting on an email that I will have to respond to, and then the payout SHOULD be forthcoming.
Did they end up sending you the email last night? I don't see how they aren't working 24/7 until the 30th to try to clear out the accounts..if they are legally trying to get into the US market then they would want to resolve everyone's payouts as quickly as possible, and hope for minimal lawsuits..
Wizard
Administrator
I got my 48-hour verification Email on Saturday. I just sent in what they asked for about three hours ago. Let's see what happens.Administrator
5dimes Payout Methods
It's not whether you win or lose; it's whether or not you had a good bet.
Five Dimes Payout 2020
Chuckleberry
Did they end up sending you the email last night?
I got the email today at 12:30pm eastern. I responded with the info right away.
Just trying to stay positive
WizardAdministrator
Thanks for this post from:
I'm happy to say my withdrawal just cleared.5dimes Withdrawal Methods
It's not whether you win or lose; it's whether or not you had a good bet.
SOOPOOThanks for this post from:
I'm happy to say my withdrawal just cleared.
5dimes Payout Problem
Five Dimes Sportsbook
Good for you! Now man up and label them a rogue casino in whatever way this website and LCB can do. They have stolen money from bettors by cancelling futures bets without the bettors permission. I assume there is NOTHING in the T's and C's that allows them to do so. Am I missing something? What reason do you have to NOT label them a rogue casino?GandlerThanks for this post from:
Five Dimes Payout Calculator
'Q. Is 5Dimes closing permanently for U.S. players? If not, are there plans to come back to the U.S. market and when approximately?
A. No, we will be back, better than ever and hopefully very soon!
Q. Why are you leaving the market?
A. We are relaunching the company into a better one for our customers, and to do it properly, we need to suspend service to U.S. customers, but it is only temporary.
'
I have never heard of this casino until this thread, but after reading the link this seems odd to me.
They are 'relaunching' in the U.S. later this fall so they force withdraws, but soon will be accepting customers again?
I am not a casino expert, but this makes no sense to me?
On my initial reading I thought they were permantly closing its doors (so to speak) to U.S. customers in which case this would be understandable to some degree.
But, to just briefly block U.S. players for a few weeks, only to allow them back later this year, what is the logic in this? I feel like I am missing something?
A. No, we will be back, better than ever and hopefully very soon!
Q. Why are you leaving the market?
A. We are relaunching the company into a better one for our customers, and to do it properly, we need to suspend service to U.S. customers, but it is only temporary.
'
I have never heard of this casino until this thread, but after reading the link this seems odd to me.
They are 'relaunching' in the U.S. later this fall so they force withdraws, but soon will be accepting customers again?
I am not a casino expert, but this makes no sense to me?
On my initial reading I thought they were permantly closing its doors (so to speak) to U.S. customers in which case this would be understandable to some degree.
But, to just briefly block U.S. players for a few weeks, only to allow them back later this year, what is the logic in this? I feel like I am missing something?