City of London police charged a former compliance officer at the financial spread betting firm under the Proceeds of Crime Act, in the first charge of its kind since the act was passed three years ago following the 9/11 terrorist attacks.
City Index alerted the National Criminal Intelligence Service after taking suspicious bets from two traders, but then failed to froze the funds.
On November 2004, Sporting Options became the subject of an investigation by Sussex police following a NCIS referral. The online betting exchange was placed into administration after allegations that clients\’ funds had been misused and was later bought by rival Betfair.
Calculators
