Cantor Fitzgerald affiliate pays $16.5 million to end U.S. gambling probe

[Eugene]

Source: Reuters

U.S. | Mon Oct 3, 2016 | 1:43pm EDT

Cantor Fitzgerald affiliate pays $16.5 million to end U.S. gambling probe

An affiliate of financial services firm Cantor Fitzgerald has agreed to pay $16.5 million to resolve a criminal investigation into its past involvement with illegal gambling and money laundering schemes, U.S. prosecutors said on Monday.

The non-prosecution agreement announced with CG Technology LP, formerly known as Cantor Gaming, came three years after a former senior executive at the company pleaded guilty to conspiring to participate in an illegal gambling business.

(Reporting by Nate Raymond in New York; Editing by Chris Reese)

http://www.reuters.com/article/us-cantor-ftzgerld-settlement-idUSKCN1231XM

[Wellstone ruled]

1. Cantor trying to put a lid on their

can of corruption. And we wonder why people are angry at Wall Street.

[InkAddict]

2. Not to mention the Dept. of Justice and judges that allow this kind of crap

There must be 100x the 16.5 mil stashed away - what "bigger fish" were investigators after? So THAT or WHAT will stay hidden from the sunlight, huh?

[Wellstone ruled]

3. You know the settlement will be sealed.

So many slease-balls,so few really smart investigators.