I like movies like “Ocean’s 11.” Obviously the eye candy is top rate, but I have always found it interesting that a thief will put more time, effort and resource into the big score than he will into honest work. Reading thethis morning, I see that life imitates art. Yesterday, eleven people were charged with conspiracy, racketeering and fraud. Who did they allegedly swindle? The American government. They are charged because they run online gambling sites that accepted online bets from Americans. The American government wants a piece of the pie. A $4.5 billion piece.
The American government has been slowly chipping away at the internet. These gambling companies are set up in other countries and most are run by people who do not live in the US.
Several of the defendants live outside the United States, which will make them hard to catch, said U.S. Attorney Catherine Hanaway in St. Louis. Among those who live abroad is Gary Stephen Kaplan, the founder of BetOnSports, which is incorporated in the United Kingdom and listed on the London Stock Exchange.
$4.5 billion worth of cash, cars and property is a pretty big deal. I guess that is why they tracked these people down and arrested them at airports. Funny, they never enforced my child support order. You would think that if our government was as concerned about the children as they tell us, they would get serious about deadbeat parents behind on support payments. Why do honest work for me, a taxpayer? If you just arrest and charge the CEOs of legal, foreign companies that make their earnings by providing a service that people obviously want, you may end up with a much bigger payday. If they get away with this, online porn sites will follow. Internet regulation is on its way and the march is led by the thieves in the American government.
UPDATE by Michael Hampton: BetOnSports’ CEO David Caruthers was arrested Sunday night in Dallas while he was changing planes on a trip from a business meeting in the UK to his home in Costa Rica. The crackdown begins…