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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook

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To: Anthony@Pacific who wrote (5333)	8/21/1999 9:10:00 AM
From: Arcane Lore	Read Replies (1) of 8858

Vancouver police raid Starnet offices Part of investigation into gambling, pornography allegations PETER KENNEDY British Columbia Bureau Saturday, August 21, 1999 ... "This is a major investigation of a major company" said Constable Anne Drennan, a spokeswoman for the Co-ordinated Law Enforcement Unit, which has been set up by the RCMP and Vancouver police to fight organized crime. ... Ms. Drennan said no charges have been laid. She said the investigation involves allegations related to areas such as illegal betting and book making, making agreements for the purchase or sale of betting or gambling privileges, providing information intended for use in connection with book making, possession and distribution of pornographic material, and possession of the proceeds of crime. Ms. Drennan described the investigation as complex and said it may take weeks to complete. She said investigators have determined that millions of dollars flowed through Starnet-controlled bank accounts each month as a result of its Internet-based gambling system. "We do not anticipate any interruption to our services or our ongoing operations as a result of [yesterday's] actions, said Mark Dohlen, Starnet's chief executive officer. "But we are dismayed by this disruption of our three-year-old operations, have retained legal counsel and will vigorously defend our rights. It is regrettable that we were not given an opportunity to co-operate with authorities regarding their concerns . . . we are a fully reporting U.S. public company and our international operations comply with the laws of their respective jurisdictions." While Ms. Drennan said stock market regulators in the United States have been informed about the investigation, a spokesman for the Securities and Exchange Commission in Washington declined to comment or say what steps U.S. regulators might take. ... theglobeandmail.com

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