American authorities have been extremely busy since the U.S. senate passed the Unlawful Internet Gambling Enforcement Act in October 2006.
The Department of Justice and FBI, with the help of law enforcement both domestic and from foreign nations have targeted the most transparent of online gambling companies along with the unlicensed and unaccountable side of the industry. CEOs of Publicly Traded Companies (PLCs) such as BetOnSports.com and SportingBet.com have been arrested or detained. Two former executives of payment processor NETeller were arrested and await hearings. Gaming PLCs fled the US market. Many non-traded payment processors, software providers, Sportsbooks and casinos followed the PLCs into a voluntary exile, all fearing possible arrest by the DOJ.
Now, the FBI is investigating one of the worlds largest virtual economies, to investigate online gambling within, err, online gaming. The Bureaus investigators recently visited Second Life at the invitation of
The Department of Justice and FBI, with the help of law enforcement both domestic and from foreign nations have targeted the most transparent of online gambling companies along with the unlicensed and unaccountable side of the industry. CEOs of Publicly Traded Companies (PLCs) such as BetOnSports.com and SportingBet.com have been arrested or detained. Two former executives of payment processor NETeller were arrested and await hearings. Gaming PLCs fled the US market. Many non-traded payment processors, software providers, Sportsbooks and casinos followed the PLCs into a voluntary exile, all fearing possible arrest by the DOJ.
Now, the FBI is investigating one of the worlds largest virtual economies, to investigate online gambling within, err, online gaming. The Bureaus investigators recently visited Second Life at the invitation of
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