Youbet.com Gambling Website Served with Search Warrant
Anyone here playing at Youbet.com currently might wanna read this article.
Youbet.com Gambling Website Served with Search Warrant
According to the Bloodhorse.com California-based online horse gambling website, Youbet.com was served with a federal search warrant recently. The SEC filed a document October 9, stating that officials from an affiliate agency of the U.S. Department of Homeland Security performed the search warrant at the Youbet.com wagering company's Woodland Hills headquarters.
According to the filing search warrant involved different types of records, including IRG records related to the wagering activities of certain customers, Youbet.com is a sole owner of the off-shore wagering entity IRG. Not all details from the Las Vegas investigation by the U.S. Attorney's Office have been disclosed as of now but it is believed that this investigation also includes at least one other off-shore gambling company not related to Youbet.com and maybe others.
Immigration and Customs Enforcement is "responsible for eliminating vulnerabilities in the nation's border, and with economic, transportation and infrastructure security" stated in its own website. There is four law enforcement divisions in ICE and other support divisions according to their website.
Youbet.com clarifies in the SEC filing that it does not believe to be a "target" of this investigation and is "cooperating with U.S. government in investigation".
On October 10m, Youbet.com gave a following statement: "Youbet.com is assisting the U.S. Immigration and Customs Enforcement agency, the Department of Homeland Security and the U.S. Attorney's Office in an investigation involving several individuals. To that end, Youbet.com provided documents to officials as part of a search warrant that was served at company headquarters last week."
"It is important to note that federal authorities indicated that no Youbet.com employees or subsidiaries are the focus of this inquiry. Further, Youbet.com has not been accused of any wrongdoing whatsoever. Youbet.com is making all of the required disclosures and notifications to the U.S. Securities and Exchange Commission and the Youbet.com Board of Directors regarding this issue. Going forward, Youbet.com will continue to assist authorities as it has done since last week."
In a related note tradingmarkets.com reports October 10. that Youbet.com stock is plummeting today at the trading market after the news from the Search Warrant was released.
According to the Bloodhorse.com California-based online horse gambling website, Youbet.com was served with a federal search warrant recently. The SEC filed a document October 9, stating that officials from an affiliate agency of the U.S. Department of Homeland Security performed the search warrant at the Youbet.com wagering company's Woodland Hills headquarters.
According to the filing search warrant involved different types of records, including IRG records related to the wagering activities of certain customers, Youbet.com is a sole owner of the off-shore wagering entity IRG. Not all details from the Las Vegas investigation by the U.S. Attorney's Office have been disclosed as of now but it is believed that this investigation also includes at least one other off-shore gambling company not related to Youbet.com and maybe others.
Immigration and Customs Enforcement is "responsible for eliminating vulnerabilities in the nation's border, and with economic, transportation and infrastructure security" stated in its own website. There is four law enforcement divisions in ICE and other support divisions according to their website.
Youbet.com clarifies in the SEC filing that it does not believe to be a "target" of this investigation and is "cooperating with U.S. government in investigation".
On October 10m, Youbet.com gave a following statement: "Youbet.com is assisting the U.S. Immigration and Customs Enforcement agency, the Department of Homeland Security and the U.S. Attorney's Office in an investigation involving several individuals. To that end, Youbet.com provided documents to officials as part of a search warrant that was served at company headquarters last week."
"It is important to note that federal authorities indicated that no Youbet.com employees or subsidiaries are the focus of this inquiry. Further, Youbet.com has not been accused of any wrongdoing whatsoever. Youbet.com is making all of the required disclosures and notifications to the U.S. Securities and Exchange Commission and the Youbet.com Board of Directors regarding this issue. Going forward, Youbet.com will continue to assist authorities as it has done since last week."
In a related note tradingmarkets.com reports October 10. that Youbet.com stock is plummeting today at the trading market after the news from the Search Warrant was released.