Two Upstate Men Charged with Laundering $144 Million, Operating - WSPA.com

Two Upstate Men Charged with Laundering $144 Million, Operating Illegal Gambling Business

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Secret Service agents raided Gateway Gaming in Piedmont Wednesday afternoon. Secret Service agents raided Gateway Gaming in Piedmont Wednesday afternoon.
GREENVILLE COUNTY, S.C. -

    Two Upstate men have been charged with laundering more than $144 million and operating an illegal gambling business worth hundreds of millions.

    J. Michael Caldwell and Bobby Mosley, Sr. bonded out Wednesday on $100,000 bonds each. They own Gateway Gaming, Gateway Systems, Frontier Gaming and Frontier software systems.

    Secret Service agents raided Gateway Gaming in Piedmont Wednesday afternoon, bringing moving trucks to haul out items from inside.

    The U.S. Attorney's Office said federal agents seized more than $242 million worth of assets related to the illegal gambling business charge and more than $144 million worth of assets related to the money laundering charge.

    A charge of operating an illegal gambling business could come with five years imprisonment and $250,000 fine if convicted.

    The money laundering charge comes with a maximum penalty of 20 years imprisonment and $500,000 fine if convicted.

    Caldwell and Mosley are due back in court Oct. 16 for their arraignment.

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