Posts Tagged ‘Michael Olaf Schuett’

RE: Florida Man Jailed over Online Poker Money

German had people accusing him of major fraud

by , Mar 1, 2010 | 8:50 am

A little Google-translate suggests there’s a lot more to this case than just a guy in Florida getting carried away with online poker money transfers. Apparently the detainee, Michael Schuett, is an accused fraudster in Germany who has been on some sort of run hiding out in the USA. A German website exists for the sole purpose of outing this man’s alleged crimes — USAG24-Betrug, or, in English, USAG24 Scams: As Michael Schuett Still Cheating.

The basics:

You might wonder why there is this page. Well, I also have the services of Michael Schuett, alias adopted USAG24 Inc. and has been cheated a lot of money. Meanwhile, there are quite a lot of people who feel the same way.

The people who have resisted and have published their case as the Internet, were then put massive pressure from Michael Schuett and most have agreed to the cancellation of their websites. This of course happened after agreeing a settlement, for example, was paid some money from Michael Schuett so that the matter is created from the world. Most of these people have only received a fraction of the lost money again and had to return the sites to take from the net.

Thus Michael Schuett is still continuing its Betrügerein. I will not comment on such a comparison and the money had already been written off as dearly as I will have to deal with this person any more. However, I would keep everyone else from dealing with that person and any company business.

Your USAG24-dupe

Now for all we know this is just one disgruntled ex-colleague. But he’s had a twitter feed set up for the past three months just to track the whereabouts of this one person. @usag24betrug has three followers.

And here’s a half-hour lifestyle documentary on Michael Schuett, apparently chronicling his move to Florida:

Very strange. Might online poker sites be a victim of a fraud here? Or just tangled up with the wrong guy? I’m still not sure what to make of it all, but I do get the sense now that this situation may turn out to be about more than online poker …

Florida Man Jailed over Online Poker Money

Secret Service investigating how American players receive funds

by , | 12:29 am

Still making sense of it all, and how this is different from other poker-related money seizures and charges against Canadian Douglas Rennick … but it looks to be something big, and a new level of poker prosecutions.

Here’s the story from the Naples News:

Feds investigate Naples man in money laundering probe tied to online gambling

It may or may not be coincidental that the the Feds have arrested Michael Olaf Schuett’s for money transfers directly related (allegedly) to online poker just as the state is taking a closer-than-ever look at the game with eyes on its revenue potential. It’s also not clear if Schuett’s been charged with anything yet, or is just being held because he is a foreign national flight risk with felony charges pending.

Here are some plausibly relevant names, and highlights that jump out at yours truly:

  • Michael Olaf Schuett, or Schütt, is the guy they’re after. He’s a 29-year-old German whose visa expire in April. A federal judge has ordered him held in Lee County jail without bond.
  • He lives in a pretty sick oceanfront condo.
  • He’s been married only a month to a 28-year-old woman he’s known for only nine months. Her name is Jennifer Sherman.
  • Feds allege that since opening accounts in 2007, Schuett has transferred about $70 million to 23,000 people, mostly Americans and supposedly online poker winnings.
  • The giveaway was dozens of checks being received daily via Fed Ex.
  • People cashing checks sent to them from Schuett claim they are online poker winnings.
  • Secret Service is the law enforcement agency involved.
  • Agents are seeking to execute search warrants and seize allegedly ill-gotten property, such as fancy cars and watches.
  • The complaint lays out a web of money transfers between businesses and banks and players.
  • Lots of American and Canadian banks in play. Key company serving as go-between: Bluetool Ltd. out of Germany.
  • Supposedly no direct allegations in the complaint against any online poker sites, but the Naples News reporter was able to connect them to transactions from Full Tilt, PokerStars, and Absolute.
  • Three specific players — Corey Drury, Darren Elias, and Derek Dubois — get named as receiving money through Schuett’s legally questionable operation. All three have public profiles on BluffMagazine, PocketFives, CardPlayer, and PokerPages.
  • As banks became hip to the set-up, Schuett tried to create a new accounts to hold the money, claiming to be a real estate investor — a story the banks didn’t buy.