I finally got a response from Antigua re: BetOnSports

[cyhugogreen]

We acknowledge receipt of your email communication of even-date.



We advise that the Financial Services Regulatory Commission is assiduously assisting and supervising BOS (Antigua) Ltd (“BOS”), the operator of the BETonSPORTS family of remote gaming products, in a process for the collection of funds owed to BOS and the onward, orderly payment of collected amounts to BOS creditors and employees.



The process has been implemented under the supervisory authority given to the FSRC in order to give extra reassurance to organizations that funds returned will be properly used in the settlement of creditors in line with legal requirements, as well as assuring that BOS creditors will be paid in a fair and balanced manner.



Presently, BOS has been unable to repay customers due to the withholding of funds due to the company which has caused cash-flow constraints, along with legal and operational interruptions. A substantial amount of monies owed to BOS by payment processors and publishers has not been repaid and it is anticipated that the oversight of the process by the Commission will give these organizations the transparency and reassurance they are seeking in order to return funds, so they may be distributed appropriately.


Once we are in a position to advance this process by having the full cooperation of those particular debtors the Commission will discharge its duties to ensure that legitimate claims made by players and employees are settled in accordance with our laws and regulations.

[Bubblicious]

Well Never See Our Money

[cyhugogreen]

Originally Posted by Bubblicious

Well Never See Our Money

You're probably right. It's in the hundreds of millions and one of the biggest thefts in history. It's not a proud legacy for the offshores and if one more goes down i'm thinking the whole experiment will be history. I mean we can't be that desperate or stupid, can we?