Tuesday, July 18, 2006

U.S. charges online betting site

Another Waste by the GOP Controlled Goverment


"U.K. online gambling company BetOnSports PLC, its founder and its chief executive were indicted on racketeering, conspiracy and fraud charges in U.S. court, the Justice Department announced Monday.

A federal judge in St. Louis issued a temporary restraining order on Monday to prevent BetOnSports from accepting bets from the United States. The FBI moved to shut off its phones.

"Illegal commercial gambling across state and international borders is a crime," said U.S. Attorney Catherine L. Hanaway, promising further actions against online gambling. Hanaway is the U.S. Attorney for eastern Missouri.

The 22-count indictment seeks the forfeiture of $4.5 billion from BetOnSports and the other defendants. The government claims the company's founder, Gary Stephen Kaplan, failed to pay federal excise taxes on $3.3 billion in wagers taken from the United States.

The indictment, issued June 1, was unsealed on Monday."

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"Last year, the WTO decided that parts of some U.S. gambling statutes, including the Wire Act, violate the General Agreement on Trade in Services. The trade body also found in favor of Antigua on a claim that the Interstate Horseracing Act, which permits electronic wagering between states where it is legal, discriminates against foreign operators. Antigua is home to numerous online gambling operations that do most of their business with American bettors"

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