Teddy Sagi Teddy Sagi spent nine months in jail for bribery and fraud Internet

 BEWARE OF TEDDY SAGI !!!!!!!!

Teddy Sagi spent nine months in jail for bribery and fraud . Playtech was founded in 1999 by Israeli billionaire Teddy Sagi, who still controls up to 45 percent of the company. Sagi, who has been romantically linked to supermodel Bar Rafaeli, has been questioned by gaming regulators in Gibraltar about his financial dealings and whether his company had illegally accepted wagers from American customers. He spent nine months in jail in 1996 on bribery and fraud charges.

THE Tel Aviv District Court  sentenced broker Teddy Sagi to nine months in prison imprisonment plus an additional 15 months suspended sentence .

Sagi, whose prison term starts on February 25,
admitted to bribery, fraud and stock manipulation.

Playtech’s US ambitions had already taken a hit last June when Nevada regulators grilled William Hill execs over their then-relationship with Playtech in the William Hill Online joint venture. Among the regulators’ concerns was the history of Playtech’s controversial founder and largest shareholder Teddy Sagi, who served time in an Israeli prison  after being convicted of fraud and stock manipulation. New Jersey’s online gambling legislation lacks Nevada’s ‘bad actors’ prohibition, so the fact that Playtech appears to have walked away from this softer opportunity may indicate the company’s increasingly pessimistic view of Sagi passing US regulators’ white glove test.