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MYSTERY OVER CHARGES AGAINST CANTOR EXEC
02nd October, 2013 at 02:37:07
US Department of Justice drops charges, but court documents remain sealed.
readers will recall the case of Mike Colbert, a Cantor Gaming exec who made the gambling headlines with 24 other persons last year when they were charged with illegal online sports betting associated with Pinnacle Sports by the US Department of Justice.
Colbert protested his innocence on serious accusations that included allegations of corruption, conspiracy and money laundering, but was nevertheless compelled to leave his job at Cantor.
It now appears that the charges against Colbert were dropped last (September) month, but because the court documents on the case remain sealed, speculation is doing the rounds on why this has occurred.
Was it the result of insufficient evidence, or some sort of collaborative deal with enforcement officials? No-one outside the investigation knows for sure.
What is known is that a parallel Nevada Gaming Control Board enquiry continues.
Related News Tags: Usa Legislation
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$4.9 billion consideration agreed for Rational Group in 2014 is due for final payment this year...but what then for Amaya?
MORE DAILY FANTASY SPORT BILLS INTRODUCED IN U.S. STATES
18th March, 2017 at 06:34:19
Now Ohio and Pennsylvania set to come to the party.
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20th January, 2017 at 09:00:27
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NEW JERSEY SENATOR WARNS THAT STATE WILL NOT TOLERATE A FEDERAL BAN ON ITS ONLINE GAMBLING INDUSTRY
14th January, 2017 at 08:31:36
Warning follows recent exchanges during AG Nominee Jeff Sessions confirmation hearing.