BETONSPORTS SACKS ARRESTED CEO
25 July 2006
Tuesday July 25, 2006
The online gambling company BetonSports today sacked its chief executive after his arrest in the US on fraud charges.
David Carruthers was arrested last week at Dallas-Fort Worth international airport, Texas, while on his way from the UK to Costa Rica, where BetonSports is based.
BetonSports today issued a statement distancing itself from its former boss: “On July 24, the contract under which David Carruthers acted as CEO of the company was terminated … This action was taken as a consequence of Mr Carruthers’s continued detention by US authorities.
“Clearly, while he remains in the custody of the US government he is unable to perform his duties. Further, the company has been unable to speak directly with Mr Carruthers.”
Mr Carruthers and 10 others, including the founder of BetonSports, Gary Kaplan, were named in a 22-count indictment this week by federal prosecutors. The US government accused BetonSports of fraudulently taking bets from US residents by phone and the internet, and failing to pay excise taxes.
The London-listed company has been forced to shut down 85% of its business since the indictment.
The arrest of Mr Carruthers and the move against BetonSports sent internet gambling stocks plummeting.
23 June 2009Betonsport's Founder to face Trial
It’s been awhile, but you should remember this situation very well, especially if you live in America. Gary Kaplan, the founder of the online sportsbook Betonsports, and 10 other defendants were indicted 3 years ago in St. Louis for accepting sports wagers over the Internet and via phone, which was in direct violation of the age-old USA wire act which prohibits such activities.Read full article
17 July 2006CARRUTHERS DETENTION NOT BECAUSE OF PROPOSED INTERNET GAMBLING BAN
David Carruthers was detained in Miami yesterday and held in an undisclosed location awaiting court today, Monday, July 17th. It has been reported that Carruthers’ detention is no likely to be related to the online gambling ban approved by the House last week, but is related to the federal investigation of the former owner of BETONSPORTS, Gary Kaplan. Federal investigators believe Carruthers has information that could lead to an indictment of Kaplan.Read full article
17 July 2006NO BAIL UNTIL AT LEAST FRIDAY FOR DAVID CARRUTHERS
David Carruthers was charged with conspiracy in offering bets on college and professional sports to U.S. residents and that BetonSports took wagers via internet and lelephone line. He’s being held without bail at this time. Federal prosecutors requested that no bail be set until David is sent to Missouri to face charges. The judge allowed David be held without bail at least until Friday, when the detention hearing is scheduled.Read full article