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CEO of online gambling Casino million $ short
David Carruther, ex-CEO of online gambling Casino group Bet On Sports charged with tax evasion, was forced to end his recent visit to the States in a confined cubicle. Carruther failed to meet the appropriate tax requirements as his company took bets over the phone and via Bet On Sports online gambling casino from American citizens. While trying to come up with the more than respectful $1 million bail bond, Carruthers visit to jail was stretched to one very lengthy month.
The Department of Justice stand against online casino groups taking bets from American citizens, have caused much concern in the online gambling industry. Carruthers arrest was in fact part of a bigger heist when 22 members of the above online gambling casino group were arrested as well. It is not to say that there has been any legal change in the issue of gambling tax requirements. The matter in hand is the focus that this tax issue calls to by the department of Justice. That alone brought many companies to question their United States policy.
This case received very high media coverage, being one of the largest United States prosecution of an online casino company. As a result, various Casino companies started to question weather to even allow American citizens to use their online gambling service and some went to the extreme of ceasing American originated accounts altogether. Some in the online casino industry believe that the legal future of online gambling in America is unclear at a level that will force this industry to focus on other markets.
- 22 Aug 2006
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