Online Casinos are blamed for a customer misidentification
11 March 2005
International All Sports, the online casino company blames the Commonwealth Bank in a multi-million theft from a Western Australian bank branch, setting forth its negligent internal management.
This does seem to reflect at least some truth as a former branch manager was sentenced to a five year imprisonment for charges related to money laundering totaling over $19 million from his branch in Karratha and gambling it all in online casinos.
The bank pressed charges against International All Sports for more than $17 million, arguing the online bookmaker should have been aware that the money was stolen. The online casino firm has been backed by the defense presented in the Federal Court. Robert Edge, International All Sports chief executive contended that the company cannot be blamed for having received money via the internet line, without having additional means to determine client’s background or state of mind.
Source: Online Casinos News Staff
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