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Violation Tracker Individual Record

Company: CG Technology LP (formerly Cantor Gaming)
Penalty: $16,500,000
Year: 2016
Date: October 3, 2016
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Violation Description: CG Technology, LP, formerly doing business as Cantor Gaming, one of the largest race and sports book operators in the United States, entered into a non-prosecution agreement and agreed to pay $16.5 million in penalties and forfeiture to the federal government to resolve a criminal investigation into the company's past involvement in illegal gambling and money laundering schemes.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Eastern District of New York
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.