The Rise and Fall of the Biggest Illegal Sports-Betting Ring in Dallas History

BY SEAN CHAFFIN One morning in 2011, just after sunrise, a swarm of federal agents rolled quietly down a neatly manicured cul-de-sac in Southlake, the city police's SWAT alongside them. They gathered outside the home of their target, a $750,000 spread with five bedrooms, five bathrooms and a swimming pool, all sitting on a tree-lined half-acre lot in perhaps Dallas' most idyllic suburb. Around 7, they knocked on the door, and waited.

There was no made-for-TV chaos, no upturned tables or scattering underlings. After a brief wait, the man they were there for, 57-year-old Albert Sidney Reed, approached the door, sleep still in his eyes. He was in his underwear.

Reed's teenage son looking on, police calmly handcuffed their target, and black-clad SWAT officers shuffled inside to sweep the 5,250-square foot house. When the all clear was given several minutes later, Reed was un-cuffed and allowed to dress. He sat in a chair inside for four hours as investigators sifted through his belongings, looking for proof of what they already knew.

About an hour into the search, another IRS agent stumbled across a satchel in Reed's SUV and shuffled through its contents: printouts of wagers, collection notes, business expenses, printouts of how much his betting operation profited during football season, even notes from a big meeting upper-level owners in the organization had recently conducted. Later, he made sure to introduce himself to the satchel's owner.

"I'm Special Agent Mark Parsons with the Internal Revenue Service," he said. "We're investigating the Global International Corporation bookmaking operation, and you and I are going to get to know each other pretty well over the next six months. You can make it good on yourself -- or hard on yourself."

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