The Intrade Mystery Continues...

Intrade.com, the beleaguered betting website that in March halted trading and froze member accounts amid a probe into financial irregularities, has discovered a shortfall of $700,000 in client funds. The discrepancy bolsters a widespread theory that the Dublin-based company dipped into client accounts. “If member and company accounts were kept separate, it would be impossible to have a shortfall,” says Barnard College economics professor Rajiv Sethi. “This is not just a case of someone walking away with company funds.”