BETonSPORTS CEO Detention unrelated to online gambling ban

Search

And if the Road Warrior says it, it must be true..
Joined
Sep 21, 2004
Messages
15,481
Tokens
<TABLE cellSpacing=0 cellPadding=0 width="98%" border=0><TBODY><TR><TD vAlign=top align=left>TOW News </TD></TR><TR><TH vAlign=top align=left><!-- Article Title / Date -->7/17/2006
BETonSPORTS CEO Detention unrelated to online gambling ban

</TH></TR><TR><TD vAlign=top align=left><!-- Article Contents--><TABLE cellSpacing=0 cellPadding=5 width="100%" border=0><TBODY><TR><TD vAlign=top align=left><!-- Article Content -->
jail.jpg
Breaking news of BETonSPORTS plc CEO David Carruthers's detention in Miami travelled lighting fast this morning, shocking the entire gaming industry and negatively affecting gaming stocks on the UK Stock Exchange. TheOnlinewire.com Costa Rica and U.S. sources report that Carruthers' detention is unlikely related to the online gambling ban (HR 4411) approved by the House last week but is more likely related to the federal investigation on BETonSPORTS's former owner Gary Kaplan.

It was known within the industry that Gary Kaplan was under federal investigation for his actions while at the helm of BETonSPORTS before the company went public in 2004. Sources report that federal authorities want to clearly identify possible criminal activities directly related to credit business ran by BETonSPORTS at the time Kaplan was at the helm of the company.
According to the same sources Carruthers' detention is related to the mentioned federal investigation. Investigators believe Carruthers might be in possess of information that could lead to Kaplan's indictment.
Gary Kaplan is rumored to be the real main man behind Igotsportsbook.com, a sportsbook established last year after Kaplan sold his remaining shares in BETonSPORTS.
Other U.S. sources report that Carruthers' detention may also be related to the violation of the Wire Act. While placing bets on the internet is still in a legal limbo and its not to be considered illegal yet, placing and accepting bets via phone is. In this respect the move to detain Carruthers could be seen as the strongest statement ever made against the gaming industry by the DoJ. The vast majority of sportsbooks accept wagers over the phone, hence violating an existing law, the Wire Act of 1961.
Whichever reason led federal authorities to detain Carruthers, the entire gaming industry is shocked by the news. The first outcome of this situation will likely be that other high profile sportsbooks owners and CEOs will adopt a much lower profile and eventually avoid travelling to the United States or transit on U.S. soil in the near future.
The situation also raises question marks on the opportunity to maintain scheduled events like the Bodog Marketing Conference. Developments on Mr. Carruthers detention are expected to become available to the public later today or in the early hours of tomorrow.
</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>http://www.theonlinewire.com/articleView.aspx?ID=1095
 

And if the Road Warrior says it, it must be true..
Joined
Sep 21, 2004
Messages
15,481
Tokens
aceduecetrey said:
Pretty unreliable source there though

TOW is unreliable?? did not know that
 
Joined
Sep 21, 2004
Messages
8,541
Tokens
maxdemo said:
TOW is unreliable?? did not know that
Well he is when it comes to his advertising books and the stiff jobs that he has had in the last few months
 

And if the Road Warrior says it, it must be true..
Joined
Sep 21, 2004
Messages
15,481
Tokens
did not know...thanks for the update
 

And if the Road Warrior says it, it must be true..
Joined
Sep 21, 2004
Messages
15,481
Tokens
Subpoenas flying to get information on BetonSports founder: CEO detained
davidbath.jpg
Advertising entities and others disclosed to Gambling911.com that they have been subpoenaed by the US Justice Department to appear for questioning in Missouri.
Sources close to Gambling911.com have suggested this could stem from a case involving an online pharmaceutical company and the arrest of another executive from the BetonSports.com organization two years ago.
Shares in BetonSports.com plummeted Monday morning on news that the company's CEO, David Carruthers, was detained for questioning late Sunday night while attempting to catch a connecting flight in Miami to Costa Rica. He was arriving from the United Kingdom. Carruthers is not a United States citizen.
Mr Carruthers and his wife were en route from the UK to the BetonSports headquarters in Costa Rica when federal authorities approached Mr Carruthers in the transit lounge of the Miami International Airport.

His wife, who was said to be shaken by the experience, was allowed to continue the flight to Costa Rica.

The board is currently seeking clarification as to the basis of the detention and it said a further announcement will be made when appropriate.
A spokeswoman for the company was unable to give further details.

'David has not had any contact with the outside world. All we know is that he was detained. Why he was detained we don't know and I would not want to speculate,' she said.

Questions asked in Missouri included: "Do you know a "G", making reference to BetonSports.com founder who has used the first names "Gary" and "Greg" while overseeing the company up until last year.
Other stalwart founders of online gambling companies now run by other individuals have been indicted over the past few months, including Jessica Davis of BetWWTS.com, which is now owned by BetCorp. Ms. Davis left the company last month.
Davis, though not an original founder, had served as an executive of BetWWTS.com for more than ten years. She is believed to be caught up in a bigger investigation revolving around one Bill Scott, who started the online gambling company as a call center operation in 1992.
Principals with knowledge of BetonSports.com's founder were flown all expenses paid to Missouri, according to sources close to Gambling911.com.
Late word is that BetonSports.com CEO David Carruthers could be formerly charged Monday afternoon, however this information is yet to be confirmed.
-----
Christopher Costigan, www.gambling911.com Originally published July 17, 2006 1:03 pm EDT

http://www.gambling911.com/Subpoenas-BetonSports.com-071706.html
 

zee

New member
Joined
Mar 21, 2005
Messages
949
Tokens
'David has not had any contact with the outside world. All we know is that he was detained. Why he was detained we don't know and I would not want to speculate,' she said.

I dunno if that's truth, but if it is, it's way more scary than the fact he's detained.
 

New member
Joined
Oct 3, 2004
Messages
3,741
Tokens
zee said:
I dunno if that's truth, but if it is, it's way more scary than the fact he's detained.

There's no hope in dope. Is this how maybe he became rich? Just throwing it out there for comment. Have no idea.

Will tonight's news networks mention this arrest at all?
 

New member
Joined
Jul 10, 2006
Messages
51
Tokens
I think they were talking about G not Carruthers when the online pharmacy was mentioned. G was not actively involved but his sibling was and other partners from when he was invloved with BOS. He had his hand in it some way I am sure but he was just behind the scenes.
 

Forum statistics

Threads
1,106,907
Messages
13,439,477
Members
99,345
Latest member
08winlink
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com