Thursday, September 07, 2006

Dear Foreign Businessmen:

We will kidnap you if you step foot in our country. David Carruthers was just the first in what is apparently a long list of law-abiders the feds have in their sights.

(VIA Hit & Run)

LONDON/NEW YORK, Sept 7 (Reuters) - The United States has arrested a second Internet gaming executive, adding to fears it is cracking down on the lucrative industry and sparking share price falls on Thursday that wiped over $1.5 billion off the market value of the sector.

Online bookmaker Sportingbet Plc said its chairman, Peter Dicks, had been detained by U.S. authorities, mirroring the detention in July of another online gaming CEO on racketeering charges.

Dicks was arrested on Internet gambling charges as part of an ongoing investigation into Sportingbet.com, said Senior Trooper Dwight Robinette of the Louisiana State Police.

Robinette said the arrest warrant was issued for Dicks and others in May. The arrest warrants are sealed and there are no indictments, he said.


Let me point out (again) that Peter Dicks is the Chairman of a publically-traded company. Note (again) that Peter Dicks does not do anything that is illegal in the countries in which he does them. Observe (again) that both Carruthers and Dicks seem to be guilty of nothing more than changing planes - the last I heard it was just a pain in the butt, not necessarily illegal.

On a related note: WHAT THE HELL WAS PETER DICKS THINKING? DID HE NOT HEAR ABOUT WHAT HAPPENED TO CARRUTHERS?

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