Another email from the liquidators of Bet on Sports indicate that their perusal of the financial ledgers indicate that when the large chain that operated under that name went down a few years ago, they owed, or had on account, players funds of over 22 million bucks.
For those not familiar with the event, the downgoing of BoS (their flagship book, Millenium, was perhaps the best known) was probably precipitated by the US Govt, when they arrested the CEO when his plane stopped over in the US on its way to the Caribbean, where BoS's booking operation was located (mainly in wild and wooly - re any regulatory mechanisms -Costa Rica.)
However, it's practices were so shady to begin with, some think it was only a matter of time before the book collapsed anyway, regardless of what GW Bush's anti-gambling vigiliantes did. A guy named Carruthers, still in jail in Missouri, I think, may have many millions of player money salted away somewhere.
(I wasn't at SBR at the time, but I believe they may have had an alert out on that very large operation.)
The liquidators are currently in the process of trying to contact those who had money in BoS at the time of the fall.
While acknowledging that the bettors will receive, at most, a few cents on the dollar. They say that the great majority of stiffed former BoS clients cannot be reached by email.
I had less than $600 in one of the BoS books at the time of the sinking. But, I may fill out the form, just out of a kind of journalistic curiousity of how it plays out. (At the time of the collapse the topic dominated various sports bet forums. Some players evidently lost tens of thousands in the debacle. They'll never see it again. Anyone who keeps that much in any offshore should see a shrink. (No, no, not THAT one!)
For those not familiar with the event, the downgoing of BoS (their flagship book, Millenium, was perhaps the best known) was probably precipitated by the US Govt, when they arrested the CEO when his plane stopped over in the US on its way to the Caribbean, where BoS's booking operation was located (mainly in wild and wooly - re any regulatory mechanisms -Costa Rica.)
However, it's practices were so shady to begin with, some think it was only a matter of time before the book collapsed anyway, regardless of what GW Bush's anti-gambling vigiliantes did. A guy named Carruthers, still in jail in Missouri, I think, may have many millions of player money salted away somewhere.
(I wasn't at SBR at the time, but I believe they may have had an alert out on that very large operation.)
The liquidators are currently in the process of trying to contact those who had money in BoS at the time of the fall.
While acknowledging that the bettors will receive, at most, a few cents on the dollar. They say that the great majority of stiffed former BoS clients cannot be reached by email.
I had less than $600 in one of the BoS books at the time of the sinking. But, I may fill out the form, just out of a kind of journalistic curiousity of how it plays out. (At the time of the collapse the topic dominated various sports bet forums. Some players evidently lost tens of thousands in the debacle. They'll never see it again. Anyone who keeps that much in any offshore should see a shrink. (No, no, not THAT one!)
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