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Sportingbet's Chairman Is Held By U.s. Authorities

BudBundy

By BudBundy,
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golfingdaddy

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How does the law differentiate between telephone lines & cable or satellite lines? Because all internet connections in the US go through 7 main hubs on OC3 lines, can one infer that all internet connections go through telephone lines? Or alternatively, could one say that by using cable, satellite or wifi that they did not use telephone lines which are named in the law? Interesting technicality maybe one of the law students or attorneys could answer.

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PMJackson21

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Considering they froze all BetonSports accounts when this happened to them, anyone with money on Dise should probably pay attention to this. Unfortunately, it probably wouldn't be a bad idea to clear out your account until you know what is happening. It would be the safe route at least.

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BudBundy

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How does the law differentiate between telephone lines & cable or satellite lines? Because all internet connections in the US go through 7 main hubs on OC3 lines, can one infer that all internet connections go through telephone lines? Or alternatively, could one say that by using cable, satellite or wifi that they did not use telephone lines which are named in the law? Interesting technicality maybe one of the law students or attorneys could answer.
Someone will tell you its all tubes not lines or cables.Be ready.
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aucu

aucu 3

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Very bad, accounts could be frozen.Shares have been haltedhttp://www.bloomberg.com/apps/news?pid=206...id=aM8pU7EBwXJUSportingbet's Chairman Is Held by U.S. Authorities (Update4) By Dan WeeksSept. 7 (Bloomberg) -- Sportingbet Plc said Chairman Peter Dicks has been detained in the U.S., the second time in less than two months that a manager of a U.K. Internet sports-betting company has been held in the U.S. The company made the announcement today in a statement after asking for its shares to be suspended. A spokesman for London- based Sportingbet couldn't make any further comment. Shares of PartyGaming Plc, the world's biggest Internet poker company, dropped as much as 19 percent in London. Sportingbet stock slid 44 percent in two days in July after David Carruthers, then the chief executive officer of U.K. Web bookmaker Betonsports Plc, was arrested and charged with crimes including racketeering and fraud. A U.S. court ordered Betonsports to stop accepting wagers from the country, its main market, and return deposits to American gamblers. ``Unless the chairman is being held on charges unrelated to online gaming, we can probably assume the Department of Justice has an agenda against sports-betting companies that are using telephone lines to make bets,'' said Andrew Lee, an online gaming analyst at Dresdner Kleinwort in London. The U.S. government views Internet gambling as illegal under a 1961 law that bars the use of telephone lines to make interstate wagers. Sports betting triggered the only case in which someone has been tried and jailed in the U.S. for running an illegal Web gambling business, Greg Harris, an analyst at Canaccord Adams in London, said when Carruthers was charged. Calls to the media lines for the U.S. Justice Department and U.S. Immigration and Customs weren't immediately answered before business hours today. Rivals' Shares Slide PartyGaming stock fell as much as 22.5 pence to 94.75 pence in London today and was down 6.6 percent to 109.5 pence at 12:43 p.m. local time. Bwin Interactive Entertainment AG, an Austrian online bookmaker, slid 3.42 euros, or 13 percent, to 23.70 euros in Vienna, rebounding from a drop of as much as 19 percent. Leisure & Gaming Plc, which owns betting brands including VIPsports, dropped 17.5 pence, or 24 percent, to 56 pence in London. 888 Holdings Plc, the largest online casino operator, slid 22.5 pence, or 13 percent, to 148.5 pence. Sportingbet, which owns Paradise Poker, has a market value of 1 billion pounds ($1.9 billion) and accepted about 150 million sports and gaming wagers in the fiscal third quarter that ended April 30. About four-fifths of clients are American. The number of U.S. customers betting on athletics at Sportingbet rose 51 percent from a year earlier to almost 165,000 in the company's third quarter. Wagers averaged $51. The bookmaker announced the detention of Dicks, 64, on the same day that the U.S. National Football League starts its season. He was held while in the country on business that wasn't related to Sportingbet, according to the statement. A hearing has been scheduled, the company said. Dicks became non-executive chairman of Sportingbet.com Plc, as the company was known, in January 2000 and also is chairman of Daniel Stewart Securities Plc. To contact the reporter on this story: Dan Weeks in London at dweeks1@bloomberg.net

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PMJackson21

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Very bad, accounts could be frozen.Shares have been halted
According to the most recent reports, he is being detained on a Louisiana state warrant, not a federal like the BOS guy. There is speculation that it is an old solicitation charge, and is unrelated to online gaming. That _might_ be good news, but who knows if that will end up being the case.
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golfingdaddy

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Looks like my early speculation was wrong. The Wire Act appears to cover any type of communication.[A]ny and all instrumentalities, personnel, and services (among other things, the receipt, forwarding, or delivery of communications) used or useful in the transmission of writings, signs, pictures, and sounds of all kinds by aid of wire, cable, or other like connection between the points of origin and reception of such transmission.[65]

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aucu

aucu 3

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According to the most recent reports, he is being detained on a Louisiana state warrant, not a federal like the BOS guy. There is speculation that it is an old solicitation charge, and is unrelated to online gaming. That _might_ be good news, but who knows if that will end up being the case.
It's Solicitation for gambling.Could they get guys like DN with this?http://business.timesonline.co.uk/article/...2347034,00.html
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djlsa

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I don't quite understand how or why the US is able to hold these folks. If you are running a business in a country where it is legal and someone else provides links to that company (ISP, Internet infrastructure) then why do the executives get held? I don't understand why these countries don't start complaining back to the US in international court?I've already sent letters to both my senators about this and I would suggest that the rest of you do the same. This is getting out of hand and needs to be stopped.

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....Ian....

....Ian.... 0

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I don't quite understand how or why the US is able to hold these folks. If you are running a business in a country where it is legal and someone else provides links to that company (ISP, Internet infrastructure) then why do the executives get held? I don't understand why these countries don't start complaining back to the US in international court?
because sites are DOING BUSINESS in the US by having US customers use thier product (for a fee)
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Petoria

Petoria 0

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I cleared out my Dise account yesterday. I would advise all others to do the same until we know for sure what is going on.
Good advice PM and Hoosier, I'm doing it right now.
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