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Betting
by jo on July 17, 2006

David Carruthers, the outspoken British CEO of UK-listed betting site, BetonSports.com was detained in Dallas over the weekend during a US stopover enroute to the UK from Costa Rica. Carruthers and 10 others, including BetonSports founder, Gary Kaplan have been under investigation by a grand jury in Missouri. Members of Kaplans family are included, as well as several companies in Florida.
The eleven have been charged with tax evasion, racketeering and conspiracy - Kaplan has been accused of not paying taxes on $3.3 billion bets taken by the site.
"Illegal commercial gambling across state and international borders is a crime," said U.S Attorney Catherine Hanaway of the Eastern District of Missouri in a press release. "Misuse of the Internet to violate the law can ultimately only serve to harm legitimate businesses. This indictment is but one step in a series of actions designed to punish and seize the profits of individuals who disregard federal and state laws."
On news of the arrests, gaming stocks in London went into freefall - with betonsports losing 17% of their shareprice and Sportingbet also losing points.
Article: Online Gambling-Site Owners Busted
Tags:
betonsports
carruthers
indicted
gambling
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owners+indicted
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Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/29562
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