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Online Casino Company Pleads Guilty

BetonSports is an internet betting and online casino company that has been under Federal investigation for more than a year. Recently, top officials in the company were found and extradited to the United States to face charges of racketeering, money laundering and more. U.S. Attorney Catherine Hanaway just announced that the company pled guilty to multiple charges. The company entered into a plea agreement just last week, and has already given details about the company’s business operations, and how they circumvented online casino regulations and government betting restrictions.

BetonSports currently holds a license to operate in Anitgua (home to over 32 online casinos licensed companies), and is listed as a British online casino gambling group. But the company didn’t start out that way. Authorities are learning that the company began operations in New York accepting sports bets, then moved operations to Florida, and then out of the states to Aruba, Anitgua, and eventually Costa Rica. The recent anti-online casino and illegal online gambling legislation meant that the United States was focusing even more time tracking down illegal companies operating in the U.S.

Hanaway elaborates on the recent plead of guilty, “"This plea, combined with the terms of the civil injunction should put an end to the Betonsports illegal gambling empire." The company is found guilty of “a pattern of racketeering acts” including, according to Hanaway, repeated mail and wire fraud, operating an illegal gambling and online casino business, money laundering, and additional state gambling felony charges.

The plea agreement included such terms as providing witnesses and evidence for the current U.S. cases against the BetonSports CEO and other top officials, as well as payment of fines that could be as high as $500,000. Additionally, Hanaway announced that the company will forfeit any remaining funds, and the U.S. is working with the Antiguan government to recoup any U.S. monies processed through the BetonSports in 2006.