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 Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.