Gary Kaplan Pleads Guilty
18 August 2009
Score one for the U.S Government’s persecution of its citizens. On Friday, Gary Kaplan, founder of BetOnSports.com pled guilty to racketeering conspiracy, violating the Wire Wager Act, and conspiring to violate the Wire Wager Act. With his guilty plea, all other charges were dropped. As part of the deal, he forfeits $43.6 million in illegally obtained monies from his illegal operations. The defense and prosecuting attorneys are recommending 41 to 51 months in prison, but the judge can sentence him to more or less time. He has already served 29 months in prison since his March 2007 arrest in Puerto Rico.
Assistant U.S. Attorney Steven Holtshouser stated that Kaplan had been on the run for a year before his arrest, fleeing all over the world, looking for a place where he would not be extradited to the U.S.
Kaplan founded BetOnSports.com in 1995 with sites in Aruba, Antigua and eventually in Costa Rica. U.S. citizens could place bets by phone or over the internet directly from their bank accounts. Kaplan stated in court on Friday that BetOnSports.com had a million registered customers in 2004 and had accepted more than 10 million sports bets with total wagers of over a billion dollars. Also in 2004, he took BetOnSports.com public with an offering on the London StockExchange’s Alternative Investment Market, netting over $100 million.
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, 10 OTHERS PLUS 4 CORPORATIONS INDICTED ON RACKETEERING, CONSPIRACY AND FRAUD CHARGES
Department of Justice MONDAY, JULY 17, 2006 Eleven Individuals and Four Corporations Indicted on Racketeering, Conspiracy and Fraud Charges WASHINGTON – A federal grand jury in the Eastern District of Missouri has returned a 22-count indictment charging 11 individuals and four corporations on various charges of racketeering, conspiracy and fraud, the Department of Justice announced today. The indictment was returned on June 1, 2006, and unsealed today.Read full article
26 July 2006Bet-On-Sports Fires CEO But Mystery Surrounds Former Founder Gary Kaplan
The INQUIRER By Tony Dennis: Wednesday 26 July 2006, 10:23 LEADING UK online betting site, Betonsports has fired its CEO. Mainly because he is under arrest in Fort Worth,Texas. Amongst the charges against David Carruthers are racketeering and charges of illegally taking online sports bets. The company is insistent that besides Carruthers and founder, Gary Kaplan, none of the other directors are named in the charges.Read full article