Online Casino Gambling News - by Gamblers Lodge

Online Sportsbook Casino Counterclaims Embezzlement Lawsuit

International All Sports, the online gambling sportsbook and casino, defended itself in a $17 million lawsuit by issuing a counterclaim. In a claim that spans over five years, the Commonwealth Bank of Australia is demanding compensation from the online casino due to what the bank claims was All Sports willingness to take illegally placed bets from one of the bank’s branch managers in Karratha.

Just how illegal these bets were is very clear, at least from the branch manager’s standpoint, who embezzled and lost over $19 million gambling in the online casino. Whether International All Sports was keeping track of this particular players spending, and whether they actually knew it was stolen money is what the court will decide.

International All Sports, however, claims they knew nothing of the embezzlement, and that this player was treated and assessed like all other players in the casino. IAS chairman, Barry Coulter, stated that casino management has no way of verifying a player’s mental status, or where their gambling money comes from. He claims, rather, that the bank should be held accountable for the embezzlement, and that they should have been keen to the fraudulent money transfers taking place internally, from branch to branch.

The bank manager responsible for the fraud is currently serving a five year prison sentence, and has not commented on the situation. It is possible this person will testify in regards to the lawsuit in order to get an idea of who else, in anybody, knew of the embezzlement taking place.

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