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US and Swiss authorities agree to share $50m from BetOnSports

25th November 2015 8:36 am GMT

Swiss and US authorities have agreed to divide approximately US$50m of criminal assets seized in 2009 from online sports betting operator BetOnSports.

In what Swiss authorities described as one of the largest asset-sharing cases to date, the Swiss Federal Office of Justice (FOJ) will receive in the region of $25m for its part in locating, freezing, and assisting US authorities to forfeit the assets of BetOnSports.

The assets were seized and forfeited [...]

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