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A Maltese court has charged the founders of the now shuttered Everleaf Poker Network with misappropriation of player funds. The company still owes an undisclosed amount of monies to players.
From PokerSites.com:
Michael Zwi Oros appeared before Magistrate Doreen Clarke this week, having been arrested after a thorough investigation by the Malta Lotteries and Gaming Authority (LGA) as well as the Malta Police Economic Crimes Unit. Oros was released after his hearing, with bail having been set at €10,000 ($12,800). Oros will not be allowed to leave Malta, and is required to check in at a local police station each day to prove his location.
This represents one of the first instances in which the LGA has taken firm action against a disreputable licensee.
A second director, Jean Pavili, is also under investigation but has yet to be charged.
“Our key objective is to recover the funds owed to the players,” LGA executive chairman Joseph Cuschieri said in a statement. “We are committed to ensure that player funds are protected at all times and to this effect, the LGA will be taking concrete measures to strengthen its player protection mechanisms well beyond the benchmarks in Europe and other jurisdictions.”
- Ace King, Gambling911.com
