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&#039;ALLIED VETERANS&#039; SOFTWARE PROVIDER IN $3.5 MILLION SETTLEMENT
08th November, 2013 at 00:33:51
Oklahoma AG initially wanted $7.7 million.
Chase and Kristin Burns, the owners of International Internet Technologies, an Oklahoma-based software company that supplied the Allied Veterans of America internet cafe gambling enterprise busted by Florida police (see previous reports) have found the association an expensive one; this week they settled with the state of Oklahoma to the tune of $3.5 million.
It could have been worse - originally Oklahoma Attorney General Scott Pruitt wanted them to forfeit $7.7 million.
The couple was among 57 defendants arrested across several states as the Florida internet gambling ring was broken up after using the Allied Veterans charity as a front for a business that generated some $300 million. The investigation led to the resignation earlier this year of Florida's lieutenant governor and a ban on Internet cafes in Florida.
The Burns were accused of laundering money and providing illegal gambling software, and have now successfully brokered a deal with their state's AG.
As part of the settlement agreement, Pruitt agreed to not charge the couple criminally in Oklahoma.
Of the $3.5 million in forfeited funds, the Oklahoma State Bureau of Investigation will receive $875,000. The remainder will be used by Pruitt's office for crime prevention, with an emphasis on money laundering.
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