| At the Internet Cafe, Day Traders in India Live Mu... »
Online Poker CEO Arrested by the Feds
posted by MR WAVETHEORY at 9/07/2006 04:14:00 AM
Every now and then the Feds have to remind everyone that sports gambling is illegal in the US. Apparently, the chairman of Sportingbet PLC reportedly the largest online gambling operator in the UK forgot that little detail. The guy running the largest sports book in the world has been detailed by the Feds. The Chairman is Peter Dicks - yes, he's a dickhead for not knowing the law. Oopps. Reports are that he's being held on racketeering and fraud. Don't mess with the Feds! That makes 2 bookies going to jail in as many months. Last month Dave Carruthers from BetOnSports PLC was arrested.
I love the press release (note the emphasis):
Whilst visiting the US on non-Sportingbet business, Mr Peter Dicks, aged 64, Non-Executive Chairman of Sportingbet Plc, was detained by US Authorities at approximately 2.00am BST on Thursday, 6 September 2006.
Apparently, Dicks was not booking gambling bets while in the US!
And look at the stock, it's been roller coaster!