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BetOnSports Pleads Guilty to Racketeering

In a move that surprised many, the British online gambling group BetOnSports has pled guilty to federal racketeering charges. All of the mainstream media have been carrying the story, much to the amazement and chagrin of many.

The company is listed in Britain and licensed in Antigua, and admitted to a “pattern of racketeering acts” which includes mail and wire fraud, operating an illegal gambling business, and money laundering. The company is now facing $500,000 or more in fines, and although federal authorities had originally said that they would be seeking millions of dollars in forfeiture, with the company in such financial ruin at this point that probably won’t happen.

What this means for David Carruthers and Gary Kaplan is not known yet. Carruthers was the CEO of the company, and has been under house arrest for the past ten months. Kaplan was arrested in Dominica in March, and he and Carruthers join several other defendants who have been named in the case.

U.S. Attorney Catherine Hanaway, pleased with the outcome of the case in that it will put an “end to the BetOnSports illegal gambling empire,” says that the plea agreement that was entered into court includes the company supplying witnesses and evidence in the case against Carruthers, Kaplan, and others. Carruthers is especially upset with the ruling and with the cooperation by board members and management to assist them in attacking him. After all, he hired most of them.

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