The post French Poker Pro Suspected of Operating €1bn Offshore Casino appeared first on Vegas Slots Online News.
Police from France’s Central Office for the Fight Against Organised Crime (OCLCO) have arrested Crésus Casino CEO and poker star Grégoire Auzoux over his suspected role in a major illegal gambling network.
According to weekend media reports, prosecutors claim the offshore online casino firm Crésus and its multiple subsidiaries, including Jackpot Bob and Lucky 8, generated nearly €1bn ($1.1bn) in illegal turnover since 2020.
98% of Crésus’ online activity was targeted at French residents
The OCLCO first went after Auzoux in mid-September after victims turned the police unit’s attention to Crésus, reporting they were unable to withdraw winnings of €201,755 ($235,236). Paris prosecutor Laure Beccuau stated 98% of Crésus’ online activity was targeted at French residents.
Police arrested Auzoux Friday and charged him and another suspect in a Paris court. Both are accused of multiple illegal gambling violations, including operating as part of an organized gang and money laundering.
The pair remain in pre-trial custody and face, via the latter charge alone, up to ten years in prison and a fine of €750,000 ($874,342). Auzoux has grossed over $3.3m in live tournament earnings according to the Hendon Mob database, including a recent $223,500 win at the Onyx Super High Roller Series in Cyprus.
iGaming news firm Next.io shared a quote from an anonymous source stating that Auzoux’s fall stemmed from “hubris” and “arrogance.” The poker pro allegedly set up mirror sites after the French gambling authority ordered a block on his Cresuscasino.com domain.
The post French Poker Pro Suspected of Operating €1bn Offshore Casino appeared first on Vegas Slots Online News.