Financial watchdogs probing the insider trading allegations against former Amaya Gaming CEO David Baazov have identified a pattern of kickbacks surrounding the company’s major acquisitions and other deals dating back six years.

On Wednesday, La Presse said it had studied a report by Quebec securities regulator Autorité des marchés financiers (AMF) into allegations that Baazov (pictured) illegally profited from stock trades based on foreknowledge of Amaya’s deals, including the $4.9b acquisition of the Rational Group, the parent company of PokerStars.

La Presse reported that the AMF’s investigation had concluded that “several agreements were reached” between Baazov and other individuals – including Baazov’s older brother Josh/Ofer and Josh’s former business partner Craig Levett – for “the payment of dividends to tuyauteurs” (Google translated as ‘pipefitters’) in the form of cash, checks and luxury items, including a Rolex watch.

The AMF said these arrangements were “negotiated before the offenses” occurred and displayed a “high level of organization and sophistication.” The conspirators reportedly engaged in email exchanges laying out the specifics of share transactions, evidently to help calculate the exact amount owed via these deals.