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January-13-2005,
Government of Panama and Cybergaming steal players funds...By Russ Hawkins

The latest fiasco out of this Banana Republic is they have decided that anyone who deposited a large sum of money should be investigated for money laundering. Reports are that the owners of cybergaming and Betpanam Sportsbook have been working with the Government trying to explore ways of paying smaller players and stiffing the larger players. We can only presume this would be done to make the claim that they are paying players.

Anyone thinking of sending funds to Panama or relocating to Panama should heed this warning. Your funds and freedoms could be gone tomorrow for a few hundred thousand dollars. Any post up operation thinking of putting players fund at risk are being irresponsible and should be avoided. This venue is an embarrassment to online sportsbooks everywhere.



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