Red44

Red44 was a sports betting service founded around 2005 by Timothy Pughsley. According to federal prosecutors the business was illegal, that it was used to launder money, and that its operators failed to pay excise and income taxes owed to the United States.

Investments by Pughsley and another defendant, Chris Donaldson, in properties owned by Coby Lake in the Trussville Entertainment District were listed among their assets which could be subject to seizure.

References

• Thornton, William (January 6, 2023) "6 Alabamians indicted in multi-million dollar betting ring tax evasion case." AL.com
• Curran, Hannah (January 9, 2023) "Multiple properties of the Trussville Entertainment District listed in potential federal indictment." Trussville Tribune
• Thornton, William (January 20, 2023) "Properties across Alabama linked to multi-million dollar federal sports book case." AL.com