Three St. Louis-area companies that operate sports radio stations have agreed to pay $158,000 to settle federal charges that they aided in illegal gambling activities, said U.S. Attorney James Martin Friday.
Under the settlement, the three companies - Missouri Sports Radio, Simulcast and All Sports Radio, which operate KFNS-AM, KFNS-FM and KRFT-AM - forfeited proceeds from the promotions of illegal gambling activities. In addition, the companies agreed to provide evidence in ongoing, related investigations.
KFNS 590 AM, known as The Fan, and KRFT 1190 AM, known as The Zone, were sold earlier this year to Big League Broadcasting of Atlanta for $11.5 million.
Martin said the three companies knowingly received thousands of dollars in funds derived from illegal offshore and online gambling activities from mid-2000 through September 2003.
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Under the settlement, the three companies - Missouri Sports Radio, Simulcast and All Sports Radio, which operate KFNS-AM, KFNS-FM and KRFT-AM - forfeited proceeds from the promotions of illegal gambling activities. In addition, the companies agreed to provide evidence in ongoing, related investigations.
KFNS 590 AM, known as The Fan, and KRFT 1190 AM, known as The Zone, were sold earlier this year to Big League Broadcasting of Atlanta for $11.5 million.
Martin said the three companies knowingly received thousands of dollars in funds derived from illegal offshore and online gambling activities from mid-2000 through September 2003.
story