I love this part
"Representing to potential customers that money transferred by them to BetonSports on account was safe and readily available to be withdrawn at anytime. BetonSports was actually using the funds to support and expand its operations, including the purchase of Easybets. When BetonSports ceased operations in July 2006, it could not repay its customers over $16,000,000 held on account."
you mean.......like every single bank in the US couldn't do the same (Specially these days when they get their $ from Uncle Sam in chunks of several billion each time they need it)
oh...the irony