Posted by & filed under Part 1 Business in a Global Environment, Part 4: Marketing Management, Part 5 Managing Technology and Information, Part 6 Managing Financial Resources.

Description:  One of the owners of three of the largest Internet poker companies pleaded guilty on Tuesday to a criminal charge of deceiving U.S. banks over the processing of gambling proceeds.

Source: Reuters.com

Date: 12/20/2011

Link:  http://www.reuters.com/article/2011/12/20/us-poker-fraud-plea-idUSTRE7BJ1DE20111220

Questions for discussion:

  • Do you think the punishment will act as a deterrent to other illegal actions by online gambling firms?
  • Why do you suppose the punishment was so weak?
  • Do you think this story will deter online gambling?

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