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Gambling Opponent Cleared of Wrong Doing
Thursday, May 3,2012 : ONLINE GAMBLING OPPONENT CLEARED OF WRONGDOING (Update)
All charges against Rep. Spencer Bachus dismissed by Congressional Ethics office
This week an old gambling story resurfaced with the news that US Representative Spencer Bachus of Alabama, an arch anti-online gambling politician in Congress, has been completely exonerated on charges of abusing insider political knowledge.
The Republican politician was the subject of an investigation by the Office of Congressional Ethics into allegations arising from a television expose claiming that he had made money from using insider knowledge that came to him as a lawmaker .
Bachus, as chair of the powerful House Financial Services Committee, was in a position to prosper from insider knowledge, and he did so, especially in the 2008 economic meltdown, it was claimed. At the time, Bachus was receiving briefings from Treasury Department officials and economic experts about the banking crisis, the Wall Street Journal reported in 2010.
A book by Peter Schweizer titled “Throw Them All Out” added fuel to the fire with details of questionable political conduct for personal profit in Congress.
The issue really hit the headlines in a big way only in 2011, when an expose on corruption in Congress aired on the CBS television network program "Sixty Minutes", naming Bachus and other political luminaries like Speaker John Boehner and House Minority Leader Nancy Pelosi.
Bachus has consistently denied the allegations, and this week the Office of Congressional Ethics unanimously dismissed all suggestions of wrongdoing against him.
Something positive did come out of the sad litany of politicians behaving badly, however; Congress recently passed a law forbidding insider trading by members of Congress.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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