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Effects of Calvin Ayre's indictment

Updated: March 2, 2012, 12:06 PM ET
By Chad Millman

The indictment against Calvin Ayre and his Bodog co-conspirators is six pages long. And, if you are a connoisseur of this brand of storytelling, it is not particularly scintillating. The sexiest part is that the Department of Justice seized the Bodog name and that Bodog worked with two payment processors that, between 2005-2012, paid the gambling site nearly $100M from bettors in Maryland.

Truth be told, that is a scintilla of what Ayre and Bodog have cleared since the site first launched. It's become standard protocol when writing about Ayre to mention that he posed in Forbes under the headline, "Catch Me If You Can" in 2006. It was a cheeky dare of the US government from a Canadian who was living in Costa Rica and operating a business that skirted American laws. At the time, one of the original off-shore bookmakers, Jay Cohen, was just a few years removed from being released from prison for violating the 1961 Wire Act. In the Forbes piece, Ayre was listed as being worth at least $1 billion.

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