Over the weekend it was revealed that the head man at Bet First Class was grabbed by authorities while in Cancun, Mexico on vacation. Mike stated BetFirst Class nearly two years ago and, like any new book, they had a few issues out of the gate. Bet First Class has done a much better job over the last year and are generally regarded as an up and comer offshore.

As of today no charges have been filed against Mike. Sources tell the Insider that the arrest had nothing to do with bookmaking or running an offshore sportsbook. Instead, the Feds are looking for back taxes prior to 2007, when Mike left for Costa Rica. The fact that no official charges have been filed as of yet indicate that this situation may be resolved without any sentencing other than the required payments, interest and penalties.

Still, the head man of a smaller operation like Bet first Class, has made some customers nervous - understandable in today’s day and age. But, I spoke with management at Bet First Class who assured us that it is business as usual in Costa Rica. “We can cover all players’ funds and their money is safe,” reported the acting GM. I was also told that players can request their money at any time and that they would be paid as quickly as they have for the last 2 years. So far, hundreds of players have inquired with the book, but we have heard of no further action involving Mike or bet First Class. We also have not heard of any problems with players who have requested to cash out.

Ultimately, here at OSGA, we wish Mike the best of luck in facing any charges. And, we expect this situation to play out very similar to the other recent cases, with little or no interruption of service to their clients.