Sportingbet has been in the news quite a bit lately ...

Sportingbet officials have admitted that US Department of Justice officials have mentioned prison sentences for executives during the settlement talks between the company and the DOJ.

Sportingbet, the internet bookmaker, admitted yesterday for the first time that the US Department of Justice (DoJ) had raised the issue of prison sentences during negotiations over a settlement.

Legal sources have suggested in recent weeks that the DoJ will agree to a settlement with operators only if some of their directors and founding shareholders sign plea-bargain agreements involving short custodial sentences. There have also been suggestions that the DoJ is pushing for the repatriation of all profits made by foreign operators in the United States until their withdrawal 18 months ago after the formal ban in America on internet gambling.

Andy McIver, Sportingbet’s chief executive, said: “They did mention it at the outset. It hasn’t come up again, but that doesn’t mean it won’t come up again.” He said that the issue of repatriation of all US profits had not been raised by the DoJ, adding: “No specific sum has been discussed.”

He said that, despite the department’s hardline stance, he felt a compromise was possible. “In their view, US law has been broken and an equitable outcome is required — but I think they realise it takes two to tango.” Mr McIver said that he had no idea how long the negotiations would last, describing them as a long and winding road.
Full story from Times Online here ... http://business.timesonline.co.uk/to...cle4069678.ece