|A senior CryptoLogic official told Dow Jones Newswires that the company “no longer does business with Bill Scott.” Scott, who has served three years in a U.S prison for racketeering, was the company’s first licensee.|
CryptoLogic terminated the license agreement with Scott in 2000, but rumours that a relationship remains between the two have sprung up after a recent report on CryptoLogic was aired by television new magazine ‘The Fifth Estate.’
The programme broadcast footage of Scott’s Antigua office where he now runs the online sportsbook World Wide Tele Sports. The footage included showing a white board at the office displaying CryptoLogic’s phone numbers.
The programme had an adverse effect on the stock of CryptoLogic before it was even aired, and it now adds to a growing list of headaches for the company, including a New Jersey lawsuit against one of it’s licensees, Intercasino.com.