After Gary Kaplan, founder of BetOnSports, agreed last week to accept a plea deal from the US government that includes a forfeiture by him of $43.6 million in what is acknowledged as illegitimate gains, officials are giving former members of the online casino a chance to get a refund. Bettors and players at the Internet sports betting website will have first claim on the seized funds.Conditions for acquiring a share of the money are still murky. It is expected by gaming industry observers that players involved in the $16 million owed by BetOnSports when legal investigations forced the site closed will have top priority amongst petitioners.
Those wishing to apply for an award from the online casino forfeiture must file in writing with the federal court in St. Louis. The information regarding procedure for claiming can be found at www.forfeiture.gov.
"The United States hereby gives notice of its intent to dispose of the forfeited property in such manner as the United States Attorney General may direct," says the written notice posted by the government.
"Following the Court's disposition of all petitions filed, or if no such petitions are filed, following the expiration of the period specified above for the filing of such petitions, the United States shall have clear title to the property and may warrant good title to any subsequent purchaser or transferee," the document concludes, there by establishing the US government can do what it wants with remaining funds.
Published on August 19, 2009 by A.J.Maldonado
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[Source: UK Casinos in the News]
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