Philippine authorities charge former Bodog employees with embezzlement

Ian Robert Gustafsson, the former head of Bodog’s Asian operations and two other employees have been charged with embezzlement in the Philippines. The complaint involves an April 2012 transaction, 

under which Gustafsson asked colleagues Sylvia de Guzman and Sherwin Quiambao to sign for an unauthorised wire transaction of $160,338 to be sent to a Filipino businessman for services that weren’t approved by the board. The charges against Gustafsson allege he was using corporate funds to pay for personal liabilities in a grave abuse of confidence. The first charge was for “Qualified Theft under article 310 in relation to Articles 308 and 309 of the (Philippines) Revised Penal Code.” Others are expected to follow.