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Sunday, October 1, 2000
Volume:
16
Issue:
10
955
Abstract:
On July 22, 2000, in a strongly worded opinion, Judge Charles Edward Ramos issued an opinion ordering World Interactive Gaming Corporation (WIGC), an online casino operator, to pay $1.8 million in restitution to defrauded investors, as well as an additional $4.5 million in penalties.
In June 1998, an investigatory from New York Attorney General Eliot Spitzer logged onto WIGC’s site, downloaded gambling software, opened an account and wagered. While WIGC had a policy prohibiting it from accepting bets from New Yorkers, the investigator could participate by registering as a Nevada resident...[more]