trigger
03-18-2008, 12:04 PM
>>>>>>>>>>"Under the terms of an agreement signed with the U.S. Attorney’s Office in Las Vegas, the government has agreed not to pursue any charges against Youbet or its subsidiaries. In exchange, the company has agreed to continue cooperating with the government in its investigation. Youbet has also agreed not to contest the previously announced seizure of approximately $1.5 million from IRG by the government in October 2007. It is the company’s intent to reimburse customer funds where it is legal and appropriate to do so.
“We are pleased to come to an agreement with the U.S. Attorney’s Office, and we continue to pledge our cooperation in this very serious matter,” said interim Chief Executive Officer Gary W. Sproule.
Youbet expects to incur ongoing costs associated with its continued cooperation with, and eventual resolution of, the ongoing government investigation, although the precise amount or timing cannot be predicted at this time. "<<<<<<<<<<<<<<<<<<
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080318005722&newsLang=e
“We are pleased to come to an agreement with the U.S. Attorney’s Office, and we continue to pledge our cooperation in this very serious matter,” said interim Chief Executive Officer Gary W. Sproule.
Youbet expects to incur ongoing costs associated with its continued cooperation with, and eventual resolution of, the ongoing government investigation, although the precise amount or timing cannot be predicted at this time. "<<<<<<<<<<<<<<<<<<
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080318005722&newsLang=e