17th of January 2013 Author: Glo Wood
After surrendering to the US authorities last September due to an indictment for Wire Act breach and money laundering offences, Bill Scott, a veteran industry businessman and founder of the offshore sports betting firm World Wide Tele Sports was sentenced on January 7.
His sentence includes 3 years of probation and the forfeiture of $6,786,935 retrieved from proceeds traced to the Royal Bank of Scotland International (Guernsey).
The fate of his Antigua-based company was to merge with Australian group Betcorp, and then be bought by the Bodog group.
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