Last week, the Tennessee Education Lottery suspended the activities of the betting operator Action 24/7 for alleged crimes of credit card fraud, money laundering, among others.
This is the first betting operator suspended since the legalization of sports betting in the USA.
According to Danny DiRienzo, the investigator in charge of the case, the suspicious activity dates back to February, specifically the Super Bowl.
Although, during March, they also detected issues with accounts that confirmed the suspicions.
Also, the authorities received an email from an Action 24/7 employee stating that the company was aware of the situation since March 9, but they reported it until March 17. The email also included evidence of 23 suspicious activity incident reports on different accounts.
Suspicious activity
For example, one of the reports showed the activity of an account in which $ 10 had been deposited using a method that matches the account information. Almost immediately after the $10 deposit, another 184 deposit attempts with different credit card numbers belonged to different people.
Given these facts, the CEO of Action 24/7, Tina Hodges, issued a statement that says:
“The Board today indefinitely suspended Action 24 / 7’s sports betting operator license for suspicious player deposit activity. This suspicious activity was detected quickly by Action staff, and Action swiftly suspended the involved player accounts. Action instituted additional controls to curb the activity, and no further such activity has occurred since. Yet, the Board relied upon unfounded fears of future speculative recurrences of the activity and took draconian action just as the NCAA Tournament is beginning. We are disappointed in the Board’s decision but will continue to work with TEL staff and seek all other avenues of relief to have the suspension lifted quickly so that the people of Tennessee may continue to enjoy wagering on the Action 24/7 sportsbook. ”
What does this mean for Pay Per Head bookies?
This situation shows how important it is to have a good Pay Per Head provider. Through the tools that these companies provide, it is easy to detect suspicious activity on the gamblers’ accounts.
For example, you can set alerts when suspicious activities happen. Such as multiple deposit attempts in a row or unusual gambling activity occur in an account.
Also, thanks to the Pay Per Head provider’s tools. You can easily suspend or put on hold the account of any client with suspicious activity.
Bookies must be very vigilant and closely monitor their customers’ gambling activity. Since a scammer may appear at any time trying to take advantage of the gambling site for illicit activities.
Moreover, with the growth that sports betting is experiencing, there will likely be more cases of scammers. Who try to use the betting sites as mechanisms to launder money or fraud with stolen credit cards.
In order to deal with these scammers, bookies need to partner with a quality Pay Per Head company. That provides them with the best betting tools and software.
