U.S. Indicts Antiguan Company, U.S. Owners for Internet Sports Betting

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Tuesday, August 1, 2006
Author: 
Bruce Zagaris
Volume: 
22
Issue: 
8
330
Abstract: 
On May 17, 2006, the U.S. Attorney for the District of Columbia announced a grand jury indictment of a former U.S. citizen who expatriated, his companies, and a U.S. citizen employee for conspiracy to violate Internet gaming laws, money laundering, and failing to disclose foreign financial accounts. The indictment was brought under seal on April 7, 2005. Defendant William Scott was allegedly a U.S. citizen until he renounced his U.S. citizenship in or about June 2004. According to the indictment, Scott owned and operated WorldWide Telesports, Inc. (WWTS), a gambling business based in Antigua. Scott allegedly also owned or controlled other foreign corporations, including Soulbury Ltd., Safeway Holdings Ltd., SSB Holdings Ltd., Phone Plus, Sands of the Caribbean and Omni of the Caribbean. According to the indictment, Scott used shell and bearer share corporations incorporated in offshore jurisdictions to conceal the proceeds of gambling activities. Defendant Jessica Pauline Davis-Dyett (Davis) is a U.S. citizen who has been an officer or employee of WWTS. Since 1995, Davis allegedly has exercised signature authority over various foreign bank accounts, including WWTS’s account at Antigua Overseas Bank (AOB) in Antigua.