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After years of denial, the owners of CSGOWild have finally admitted they took bets from minors over a two year period.
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FaZe Clan co-owner Richard "Banks" Bengston came clean Sunday.
The high-profile social media personality bragged about the business including his purchase of a mansion in Antigua but didn't accept responsibility that the site hurt others, ESPN reports.
"People started creating these gambling sites where you can gamble with these skins, and it's kind of a, like, gray area because it's a skin in a game, and there's no actual, real-life value to it -- like, the government puts absolutely no value to it," Banks said. "We came up with this idea with these kids. I came up with this idea for a different way to do it. We branded it the right way.
"My motivation for doing it was at the time, we weren't making enough money to buy a CS:GO team. All in, the venture was going to cost $1 million, and we definitely didn't have anything close to that. So my brand, we gotta finesse it, and we gotta figure out how to buy this team now because in the next six months to a year, this team is going to be worth $4 or $5 million. We're not going to be able to get into this game, which, in our heads, we needed to get into this game."
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