Firm News

Sep 30, 2020

Ifrah Law client resolves claims and looks forward to brighter future!

Costa Rica-based sportsbook 5Dimes reaches $46.8 million settlement with feds

5Dimes, a popular Costa Rica-based sportsbook, has reached a $46.8 million settlement with the U.S. government following a federal money-laundering investigation, according to a settlement agreement obtained by ESPN on Wednesday.

5Dimes agreed to pay $15 million in cash, forfeit more than $30 million in assets and stop accepting wagers from U.S. customers while operating out of Costa Rica, according to the settlement agreement reached with the U.S. Attorney’s Office for the Easten District of Pennsylvania.