UltimateBet Fraud
Since winning his World Series bracelet, Hamilton has served as a gaming industry expert, including as a consultant for the online poker cardroom UltimateBet where he was involved in recruiting some prominent poker players, including Phil Hellmuth, to promote the site. He has won World Championships in several types of casino games and founded the Ultimate Blackjack Tour in 2005.
On September 29, 2008, the Kahnawake Gaming Commission stated it had found clear and convincing evidence that, between the approximate dates of May 2004 and January 2008, Russ Hamilton was the main person responsible for, and benefiting from, multiple sophisticated cheating incidents at UltimateBet. UltimateBet eventually refunded a total of $22,100,000 to the defrauded players.
In October 2008, 60 Minutes aired a report profiling Hamilton and called the fraud the biggest scandal in the history of online gambling. 60 Minutes partnered with the Washington Post in their investigation.
Read more about this topic: Russ Hamilton
Famous quotes containing the word fraud:
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