Police in Florida Investigate Online Gambling Payments

Police in Naples, Florida, have arrested Michael Olaf Schuett on charges relating to facilitating online gambling payments. The investigation, which has been running for some months, pinpointed the 29 year old German national when bank managers noticed his multiple accounts were receiving “millions of dollars” worth of wire transfers.

After realising something was afoot, many began closing his accounts and FedEx, whom Schuett was using to send cheques, began opening his mail after they noticed he was sending up to 150 parcels a week. Federal investigators are hoping to seize the following accounts, all owned by Schuett, which they believed have been used to facilitate online gambling payments: MCM Capital Management Corp.; MI Global Inc.; South Naples Escrow Co.; Southwest Florida Payroll Co.; Woodhouse Systems; Mathew’s Trade Corp; and Internet Payment Services Group Inc.

According to NaplesNews.com, Schuett is currently being held without bond in jail, as a judge has ruled that he’s at risk of fleeing the country. As well as seizing his computers, federal investigators have also asked permission to seize three Rolex watches and a 2009 Audi Quattro, which they have alleged were purchased using funds gained from illegal online gambling. Schuett’s accounts and what’s believed to be his company, Bluetool Ltd, have been linked to poker players such as Corey Drury and Darren Elias.