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BETonSPORTS strikes deal with DoJ
Publicly traded BETonSPORTS attorneys reached an agreement with the US Department of Justice yesterday night, *************.com learned. The agreement is aimed to allow BETonSPORTS to return to business by the end of this week.
The DoJ wants Gary Kaplan and his direct partners. Kaplan, 47, was charged with 20 felony violations of federal laws including: the Wire Act, Racketeer Influenced and Corrupt Organizations (RICO) Conspiracy, interstate transportation of gambling paraphernalia, interference with the administration of Internal Revenue laws and tax evasion.
David Carruthers and Peter Wilson are the only two remaining individuals within the BETonSPORTS organization that had close ties with Kaplan. They will probably leave the company to ensure the DoJ that BETonSPORTS is now completely free of ties with the past.
A hearing to decide the fate of BETonSPORTS and its Costa Rica based operations will be held within 48 hours. Management is cautiously optimistic on the outcome of the hearing that might allow the company to resume operations which were discontinued yesterday in abidance to the DoJ requests. Operations may resume as early as next Friday.
BETonSPORTS.com CEO David Carruthers was detained by US federal authorities while changing flights Dallas en route from the United Kingdom to Costa Rica last Sunday.
He appeared in Court at the Federal Court House in Fort Worth, Texas, Monday where he was indicted on Racketeering, Conspiracy and Fraud charges.
Carruthers remains in custody at least until a detention hearing can be held Friday in Fort Worth.
This positive news may also allow BETonSPORTS to resume trading its shares on the London Stock Exchange. Trading on the AIM was suspended Tuesday per the company's Board of Directors request.
While this may represent refreshing news for the publicly traded sports betting giant and its shareholders it could also confirm that Gary Kaplan, Norm Steinberg and all their associates may face serving time. Kaplan, Steinberg and Carruthers may serve up to 20 years if found guilty on all counts.
Originally published on July 19 2006 – *************.com
Publicly traded BETonSPORTS attorneys reached an agreement with the US Department of Justice yesterday night, *************.com learned. The agreement is aimed to allow BETonSPORTS to return to business by the end of this week.
The DoJ wants Gary Kaplan and his direct partners. Kaplan, 47, was charged with 20 felony violations of federal laws including: the Wire Act, Racketeer Influenced and Corrupt Organizations (RICO) Conspiracy, interstate transportation of gambling paraphernalia, interference with the administration of Internal Revenue laws and tax evasion.
David Carruthers and Peter Wilson are the only two remaining individuals within the BETonSPORTS organization that had close ties with Kaplan. They will probably leave the company to ensure the DoJ that BETonSPORTS is now completely free of ties with the past.
A hearing to decide the fate of BETonSPORTS and its Costa Rica based operations will be held within 48 hours. Management is cautiously optimistic on the outcome of the hearing that might allow the company to resume operations which were discontinued yesterday in abidance to the DoJ requests. Operations may resume as early as next Friday.
BETonSPORTS.com CEO David Carruthers was detained by US federal authorities while changing flights Dallas en route from the United Kingdom to Costa Rica last Sunday.
He appeared in Court at the Federal Court House in Fort Worth, Texas, Monday where he was indicted on Racketeering, Conspiracy and Fraud charges.
Carruthers remains in custody at least until a detention hearing can be held Friday in Fort Worth.
This positive news may also allow BETonSPORTS to resume trading its shares on the London Stock Exchange. Trading on the AIM was suspended Tuesday per the company's Board of Directors request.
While this may represent refreshing news for the publicly traded sports betting giant and its shareholders it could also confirm that Gary Kaplan, Norm Steinberg and all their associates may face serving time. Kaplan, Steinberg and Carruthers may serve up to 20 years if found guilty on all counts.
Originally published on July 19 2006 – *************.com
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