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The big boss was identified as a man surnamed Dai, although the reports failed to specify whether Dai was among those who remained free. Police also seized RMB2.25m in illegal betting profits and froze bank accounts containing an additional RMB5m. Despite the lofty claims regarding the ring’s wagering handle, police said the gang had netted a mere RMB30m, making a rather pitiful 1% hold. The gang operated via a classic credit agent structure, with representatives on the ground collecting gambling losses and paying out winnings, while the wagers were placed with an internationally-based gambling site. Sina.com fingered the site as Redfoot I, apparently connected with the ag.hg0088.com site, which displays only a nondescript password login page.
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