Ultimate Bet's Tangled Web

It seems that Ultimate Bet may be putting up its dukes, in defense of its alleged cheating scandal that has hotly reported by us and the rest of the gambling press.
Blaming "unauthorized software code that allowed the perpetrators to obtain hole card information during live play", Ultimate Bet and the Kahnawake Gaming Commission (KGC) has hired an outside independent investigator to comb through the tangled web that has been woven.

However, as this investigator Frank Catonia, has previously helped the KGC develop gaming regulations, one has to wonder just how "independent" he really is?

Oh the webs they weave...
Trying to sum up how this all got started is like trying to ask which came first, the chicken or the egg, and getting a definitive answer.

IeLogic first developed the website in 2000, which then was sold to Excapsa in Spring 2004 who then sold their assets to Blast-Off Ltd in October of 2006. Seems pretty straightforward except for the fact that lines got a little blurry between Excapsa and Blast-Off Ltd, who are based in Malta and also known as Towkiro Gaming. No one seems to know who to blame anymore or who even owns what at this point.

Towkiro is blaming previous employees of Ultimate Bet before they took over the company in October of 2006 who, as it must be mentioned, also owns Absolute Poker which has its own cheating scheme under investigation.

Seems the story is that these previous employees prior to Towkiro (or is it Blast-Off?) has VIP access and therefore were able to bypass most security checks in place and able to access faster withdraws, thereby resulting in hundreds of dollars lost to various players.

Money honey?
So far, Absolute Poker players affected by the scheme have been paid back, but those who were unwilling victims at Ultimate Bet are still waiting on the edge of their seats and bank accounts for repatriation.

Guess players will just have to hold out hopes for our dear Frank Catonia's findings. Continue to check back for further coverage as it unravels.