A few ideas on how to protect yourself

[TravisPH]

After the Neteller bomb on Monday, I've been doing a ton of research on things you can do to protect yourself in regards to online gambling. Here's what I have found:

1. Get a private VPN proxy account in another country.
I've worked with various Internet service providers over the years, in my time, there were only 5 backhaul providers for the Internet in the US, meaning your little local ISP or even your telephone company is nothing more than a reseller.
Well, since I've been out of the business, AT&T has purchased and/or merged with other backhual providers. I believe there are currently only 3 providers at the moment in the US. With AT&T having the majority of the marketshare.

AT&T logs your activity, every site you visit is on file with them for an undetermined amount of time.

You can get around this, if you get a private VPN connection outside of the US, AT&T (or whoever you use) will only ever see traffic going to and from the VPN, they will never know you are going to gambling websites.

I personally use Relakks they are based in Sweden, once you go to their site, click on the flag in the top left corner for the English version of the site.

The monthly fee for Relakks comes out to about $6.80 a month, not a bad price to pay for privacy.


2. Get some foreign bank accounts
After doing my research, Canadian bank accounts are not nearly as good of an option as an offshore account. A lot of Canadian banks still have connections to the US and the accounts can still be seized by the US government if suspected of illegal activity.

You should do your own research on the matter and find out what it right for you, but I highly recommend Swiss and Singapore banks.

Most offshore banks offer the option of either signing up their mail, or through a broker.... And the best part is, a lot of them offer Visa or Mastercard ATM cards that can be used throughout the world.

Everyone knows about the privacy of Swiss bank accounts, you don't have to be a millionaire to sign up for one, but you do need a minimum balance of about 10,000 CH, which is close to $8,000 USD... They give you two months to make the minimum though.

Singapore banks are excellent because the money you hold with them is invested automatically into the Chinese economy, the fastest growing economy in the world. It's a win/win, they hold your money for you, and make you some extra money at the same time. It's like playing the stock market for free.
Most Singapore banks require a minimum balance of of S 2,000, which is close to $3,300 USD.


3. If you get an offshore bank account, get another one.
Don't keep all of your money in one offshore bank account, anything could happen, your money is not insured like it is in US bank accounts. If the country you have your money in has a military coup, a civil war, a natural disaster, anything... The value of your money in that account could dwindle significantly, or even worse; you could lose all your money in that account. Spread your money out, just to be safe.

I am personally in the process of getting two Swiss bank accounts and one Singapore bank account. The reason I am getting three accounts is to use one the "middleman" transfer account between me and the sports books. I wouldn't exactly want to have an account with a lot of money tied to a sportsbooks where anyone working at that sportsbook could potentially have access to it.

So let's say I have $50,000; I would have two Swiss accounts, one that only has $15,000 at any given time, which would be used to transfer money to and from the sportsbooks. The other Swiss account would have $17,500 and the Singapore account would have $17,500.
If I make a withdraw from a sportsbook, it would go into that "middleman" account, which I would then transfer equally into my other two accounts.


4. Would that be considered money laundering?
No, it shouldn't. You are not trying to hide anything if you are transferring money to and from accounts in your own name.


5. What are the benefits of using an offshore account?
The US Government does not have access to it, and you would freely be able to make deposits and withdraws directly from one of your accounts using the sportsbook. No more worry about Neteller, or any of the other 3rd party systems out there.


6. Protecting your email
For things related to gambling, get an email account that uses both a secure connection and PGP encryption.
I use Hushmail they have a free plan that really is all that you could need, there is not a lot of reason to sign up for the additional features or the extra storage accounts unless you want access to the plugins for Outlook Express or Thunderbird to access your email from your desktop instead of through their website.


That's all I can think of for now, if anyone has any questions, please let me know.

[WAXER]

Wicked post... I do have a question..Which out of country bank do you know about that can be spoken to on my end to deposit? Any that someone u know or yourself has had sucess with? Also i never liked the idea of money in another country ...Sort of reminds me of Norega'' But i really do not see any Coo's being attempted unless it's in a IRAN or CHINA with DILL YOUNG PICKEL which can have his army take all the money. But the guy is as RICH as can be though of. But i like all you wrote.

[skippy]

Originally Posted by TravisPH

After the Neteller bomb on Monday, I've been doing a ton of research on things you can do to protect yourself in regards to online gambling. Here's what I have found:

1. Get a private VPN proxy account in another country.
I've worked with various Internet service providers over the years, in my time, there were only 5 backhaul providers for the Internet in the US, meaning your little local ISP or even your telephone company is nothing more than a reseller.
Well, since I've been out of the business, AT&T has purchased and/or merged with other backhual providers. I believe there are currently only 3 providers at the moment in the US. With AT&T having the majority of the marketshare.

AT&T logs your activity, every site you visit is on file with them for an undetermined amount of time.

You can get around this, if you get a private VPN connection outside of the US, AT&T (or whoever you use) will only ever see traffic going to and from the VPN, they will never know you are going to gambling websites.

I personally use Relakks they are based in Sweden, once you go to their site, click on the flag in the top left corner for the English version of the site.

The monthly fee for Relakks comes out to about $6.80 a month, not a bad price to pay for privacy.


2. Get some foreign bank accounts
After doing my research, Canadian bank accounts are not nearly as good of an option as an offshore account. A lot of Canadian banks still have connections to the US and the accounts can still be seized by the US government if suspected of illegal activity.

You should do your own research on the matter and find out what it right for you, but I highly recommend Swiss and Singapore banks.

Most offshore banks offer the option of either signing up their mail, or through a broker.... And the best part is, a lot of them offer Visa or Mastercard ATM cards that can be used throughout the world.

Everyone knows about the privacy of Swiss bank accounts, you don't have to be a millionaire to sign up for one, but you do need a minimum balance of about 10,000 CH, which is close to $8,000 USD... They give you two months to make the minimum though.

Singapore banks are excellent because the money you hold with them is invested automatically into the Chinese economy, the fastest growing economy in the world. It's a win/win, they hold your money for you, and make you some extra money at the same time. It's like playing the stock market for free.
Most Singapore banks require a minimum balance of of S 2,000, which is close to $3,300 USD.


3. If you get an offshore bank account, get another one.
Don't keep all of your money in one offshore bank account, anything could happen, your money is not insured like it is in US bank accounts. If the country you have your money in has a military coup, a civil war, a natural disaster, anything... The value of your money in that account could dwindle significantly, or even worse; you could lose all your money in that account. Spread your money out, just to be safe.

I am personally in the process of getting two Swiss bank accounts and one Singapore bank account. The reason I am getting three accounts is to use one the "middleman" transfer account between me and the sports books. I wouldn't exactly want to have an account with a lot of money tied to a sportsbooks where anyone working at that sportsbook could potentially have access to it.

So let's say I have $50,000; I would have two Swiss accounts, one that only has $15,000 at any given time, which would be used to transfer money to and from the sportsbooks. The other Swiss account would have $17,500 and the Singapore account would have $17,500.
If I make a withdraw from a sportsbook, it would go into that "middleman" account, which I would then transfer equally into my other two accounts.


4. Would that be considered money laundering?
No, it shouldn't. You are not trying to hide anything if you are transferring money to and from accounts in your own name.


5. What are the benefits of using an offshore account?
The US Government does not have access to it, and you would freely be able to make deposits and withdraws directly from one of your accounts using the sportsbook. No more worry about Neteller, or any of the other 3rd party systems out there.


6. Protecting your email
For things related to gambling, get an email account that uses both a secure connection and PGP encryption.
I use Hushmail they have a free plan that really is all that you could need, there is not a lot of reason to sign up for the additional features or the extra storage accounts unless you want access to the plugins for Outlook Express or Thunderbird to access your email from your desktop instead of through their website.


That's all I can think of for now, if anyone has any questions, please let me know.

If you are ever under investigation and they see your network of accounts all over the place.

It would appear (to them) that something out of the ordinary is happening. They would probably think you are trying to hide something.

[TravisPH]

Originally Posted by WAXER

Wicked post... I do have a question..Which out of country bank do you know about that can be spoken to on my end to deposit? Any that someone u know or yourself has had sucess with? Also i never liked the idea of money in another country ...Sort of reminds me of Norega'' But i really do not see any Coo's being attempted unless it's in a IRAN or CHINA with DILL YOUNG PICKEL which can have his army take all the money. But the guy is as RICH as can be though of. But i like all you wrote.

Well, I went to a local accounting and investment firm, I asked what I had to do to get a Swiss bank account and a Singapore account. I had to pay them a brokerage fee ($600, which isn't as bad as other places I looked into) to have each account setup.
My Swiss accounts are through Swiss National Bank and my Singapore account is through DBS.... If you wanted to know that.

As far as a coup; I agree it's very unlikely, but you never really know.... In this day and age, anything can happen. It's better to be safe than sorry.

Originally Posted by skippy

If you are ever under investigation and they see your network of accounts all over the place.

It would appear (to them) that something out of the ordinary is happening. They would probably think you are trying to hide something.

Plenty of very wealthy people have bank accounts all of the place, Dick Cheney for example, is known to have bank accounts in several countries. It is a safety measure.
Having a network accounts, all listed in your own name should not raise any flags. Now, if you had accounts under various business names and you transfer large amounts of money into those accounts on a regular basis, you can guarantee you will raise some suspicions.

[The Judge]

Skippy, please "google" offshore banking and then get back to us with a new take. TY

[skippy]

Originally Posted by TravisPH

Well, I went to a local accounting and investment firm, I asked what I had to do to get a Swiss bank account and a Singapore account. I had to pay them a brokerage fee ($600, which isn't as bad as other places I looked into) to have each account setup.
As far as a coup; I agree it's very unlikely, but you never really know.... In this day and age, anything can happen. It's better to be safe than sorry.


Plenty of very wealthy people have bank accounts all of the place, Dick Cheney for example, is known to have bank accounts in several countries. It is a safety measure.
Having a network accounts, all listed in your own name should not raise any flags. Now, if you had accounts under various business names and you transfer large amounts of money into those accounts on a regular basis, you can guarantee you will raise some suspicions.

That is true.

But are any of those people using their accounts to move money around so that funds may be siphoned off???

They probably have a few accounts for savings.
Another for chequeing.
Another for monthly expenses.
etc
etc

You could have as many accounts as you want, but if every transaction is to divert funds from various accounts into one MIDDLEMAN account, it would look awfully suspicious to the feds.

[NY Mane]

1. Find a local.

2. Find a bulldog bodyguard type.

3. Pay the bulldog 10% of your winnings.

4. If you need collection help you have a bulldog to collect.

[NY Mane]

Screw the out of country accounts. Do you realize there are hillbilly government workers sitting with nothing to do? They would love to kick in your door with a 12 gauge shotty and make an example out of you. These bird brains couldn't get laid in high school. Their orgasm is f___ing over people like us.

[TravisPH]

Do you guys understand how an offshore account works? The US government DOES NOT HAVE ACCESS TO IT. They have no idea if you even have one unless you note it on your income taxes (which you are supposed to do), or you are stupid enough to leave a mile long trail from your US account to your offshore.

I do not like the idea of going with a local bookie, a local could get caught and become a snitch.... At least with offshore gambling sites, the US does not have the authority to have them give over customer records.

[Jimmy K]

I have a greek account to use, haven't really had to use it yet, but it's there for backup.

[NY Mane]

Travis,

The cops don't care about the bettors. If a bookie snitches it only hurts the guy(s) he is reporting to or dumping games off to.



Believe me, if you scare a local he will be OK, even if he gets pinched. #1 rule...get a bulldog to collect. Even on weeks you win and there are no collection problems, send the bulldog anyways.

Locals are not tough guys. They don't like or want beef.

[NY Mane]

Customer records?

Our government invaded Iraq and hung the dictator. Bush already admitted that they spy on Americans without court orders. Do you think they care about bettors and bookies' rights?

This isn't the 1960's, 70's and 80's. We are in a new frontier.

[Jimmy K]

Originally Posted by NY Mane

Customer records?

Our government invaded Iraq and hung the dictator. Bush already admitted that they spy on Americans without court orders. Do you think they care about bettors and bookies' rights?

This isn't the 1960's, 70's and 80's. We are in a new frontier.

lol, dude, bush has bigger fish to fry then some petty bookies. unless a book is taking bets from afghanistan or iran they probably don't have to worry about the feds watching them.

[Romanowski]

travis great post

I posted something similar but not as detailed and within a mess of a thread rather than starting a new one

one thing everyone planning to open a canadian account must know that interest earned will be reported to the IRS, so you must make it clear you do not want interest to accrue. The Canadian bank will not ask WHY you want to open a account there.

[JGB3]

Originally Posted by Jimmy K

lol, dude, bush has bigger fish to fry then some petty bookies. unless a book is taking bets from afghanistan or iran they probably don't have to worry about the feds watching them.

How wrong you are Jimmy !!!!!!!