If they don't re-open in time for football post-ups, they are done serving the US market for good.
I run a seasonal business and I know that when you are in a seasonal business there simply is no such thing as "skipping" a season.
If they don't re-open before August 31st, they've thrown in the towel.
Later,
Books Worst Enemy
I run a seasonal business and I know that when you are in a seasonal business there simply is no such thing as "skipping" a season.
If they don't re-open before August 31st, they've thrown in the towel.
Later,
Books Worst Enemy
Got this straight from the DOJ website seems they are posting info releated to BOS. This must be a huge case for Hanaway.....
District Judge Carol E. Jackson held a hearing on the Complaint and Motion for Injunctive Relief filed by the United States. Defendant BETONSPORTS PLC did not appear. Counsel for the United States reported that Mr. Steve Cohen, who had been retained to advise BETSONSPORTS PLC stated that his client had declined to appear at this time. Counsel for the United States reported efforts to serve BETONSPORTS PLC with the Complaint and Summons, after criminal defendant David Carruthers, formerly a Director of BETONSPORTS PLC, was fired by the company. The United States is to file a Notice, detailing the service on BETONSPORTS PLC, and why the Court should accept that service as adequate. In the alternative, the United States will ask the Court to continue the TRO to allow service on BETONSPORTS PLC under the Hague Convention. The Court continued the TRO until August 14, 2006.
District Judge Carol E. Jackson held a hearing on the Complaint and Motion for Injunctive Relief filed by the United States. Defendant BETONSPORTS PLC did not appear. Counsel for the United States reported that Mr. Steve Cohen, who had been retained to advise BETSONSPORTS PLC stated that his client had declined to appear at this time. Counsel for the United States reported efforts to serve BETONSPORTS PLC with the Complaint and Summons, after criminal defendant David Carruthers, formerly a Director of BETONSPORTS PLC, was fired by the company. The United States is to file a Notice, detailing the service on BETONSPORTS PLC, and why the Court should accept that service as adequate. In the alternative, the United States will ask the Court to continue the TRO to allow service on BETONSPORTS PLC under the Hague Convention. The Court continued the TRO until August 14, 2006.
yet!!They're looking to kick start operations again under betonsports.ph (Phillippines) as well as Easybets to begin with.
Also looking to move their entire operation to another Carib island in order to avoid having to pay severence (redundancy) to all the clerks they need to sack in San Jose.
Carruthers may also be re-instated if/when he is released.
Also looking to move their entire operation to another Carib island in order to avoid having to pay severence (redundancy) to all the clerks they need to sack in San Jose.
Carruthers may also be re-instated if/when he is released.
You gotta admit that it is kind of funny that Ms Hanaway really thought that they would show up. If you were a director of a company indicted by another country, would you go?
DC is screwed or runs and then this whole case flops because there is no one to jail...
BOs either opens back up or skips town with the money depending on how solvent they are...
Further, if you have money with an agent at Bettorsnet.com I would get it out... Nothing like BOS sending out Magnum Pro Football advertising the $15,000,000 they just spent for their agents system..
-Sean
DC is screwed or runs and then this whole case flops because there is no one to jail...
BOs either opens back up or skips town with the money depending on how solvent they are...
Further, if you have money with an agent at Bettorsnet.com I would get it out... Nothing like BOS sending out Magnum Pro Football advertising the $15,000,000 they just spent for their agents system..
-Sean
More BOS BS?
BetonSports claiming customer monies tied up in processor
BetonSports personnel are reportedly telling people in Costa Rica that customer monies are tied up with its payment processor and that this party is yet to make a payout, hence the reason payments to players have not been occurring. A federal grand jury in the Eastern District of Missouri returned a 22-count indictment on July 17 charging 11 individuals and four corporations on various charges of racketeering, conspiracy and fraud, the Department of Justice announced today.
BetonSports PLC, a publicly-traded holding company that owns a number of Internet sportsbooks and casinos, was among the companies charged in the indictment. The founder of BetonSports.com, Gary Stephen 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.
The company's now fired CEO, David Carruthers, was also charged and has been detained in Fort Worth, Texas, after attempting to change flights at the Dallas/Fort Worth Airport.
The day after the indictments were handed down, BetonSports ceased operating and has failed to pay its customers. They also refuse to properly communicate with customers and have had clerks deliberately mislead them. Meanwhile, this past week, the company demanded payments returned for all advertising including its "gold sponsorship" spot at this year's Casino Affiliate Conference in Las Vegas. That show's organizer has already paid upfront costs for the event.
Rumors are circulating around Costa Rica that BetonSports has much of its customers funds tied up in payment processors outside the country. Fears have been expressed that either the U.S. government will attempt to go after the processors or the processors may simply refuse to pay. Third party payment processors that deal with the online gambling sector have a history of scamming these companies.
"G (founder Gary Kaplan) got burned real bad by one of them (processors) while I was there, supposedly they stiffed him for over a million dollars," said a former BetonSports employee who wished not to be identified.
The level is risk is quite high and online gambling companies will often factor this risk into their budget in order to prevent customers from eating any unnecessary costs associated with disreputable payment processing firms.
"What the sportsbooks do is process as much as they can as fast as they can till the card companies catch on, then they move on to another processor," commented the employee.
Many credit card issuing banks will not allow transactions for online gambling, but via the web, credit card usage is higher than any other form of payment options. Therefore utilizing these types of establishments becomes a necessary evil.
BetonSports is known to use a number of various payment processors, none of which show gambling transactions when customer credit cards are run through.
But this same employee does not necessarily buy the idea that most money is tied up in payment processors.
"This time of the year, though, there are not that many transactions so I
think it is a lot of bull****. They know they are done and they are
going to abscond with as much as they can. I wonder how much they have
on deposit? If this were football season it would be huge."
Those of you who are owed money from BetonSports.com can contact Gambling911.com at HT200357@aol.com for updates. We do NOT ask that you send us personal information and anonymous email accounts are welcome (i.e. Yahoo). *Note: Hotmail accounts tend to be blocked by AOL.
BetonSports claiming customer monies tied up in processor
BetonSports personnel are reportedly telling people in Costa Rica that customer monies are tied up with its payment processor and that this party is yet to make a payout, hence the reason payments to players have not been occurring. A federal grand jury in the Eastern District of Missouri returned a 22-count indictment on July 17 charging 11 individuals and four corporations on various charges of racketeering, conspiracy and fraud, the Department of Justice announced today.
BetonSports PLC, a publicly-traded holding company that owns a number of Internet sportsbooks and casinos, was among the companies charged in the indictment. The founder of BetonSports.com, Gary Stephen 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.
The company's now fired CEO, David Carruthers, was also charged and has been detained in Fort Worth, Texas, after attempting to change flights at the Dallas/Fort Worth Airport.
The day after the indictments were handed down, BetonSports ceased operating and has failed to pay its customers. They also refuse to properly communicate with customers and have had clerks deliberately mislead them. Meanwhile, this past week, the company demanded payments returned for all advertising including its "gold sponsorship" spot at this year's Casino Affiliate Conference in Las Vegas. That show's organizer has already paid upfront costs for the event.
Rumors are circulating around Costa Rica that BetonSports has much of its customers funds tied up in payment processors outside the country. Fears have been expressed that either the U.S. government will attempt to go after the processors or the processors may simply refuse to pay. Third party payment processors that deal with the online gambling sector have a history of scamming these companies.
"G (founder Gary Kaplan) got burned real bad by one of them (processors) while I was there, supposedly they stiffed him for over a million dollars," said a former BetonSports employee who wished not to be identified.
The level is risk is quite high and online gambling companies will often factor this risk into their budget in order to prevent customers from eating any unnecessary costs associated with disreputable payment processing firms.
"What the sportsbooks do is process as much as they can as fast as they can till the card companies catch on, then they move on to another processor," commented the employee.
Many credit card issuing banks will not allow transactions for online gambling, but via the web, credit card usage is higher than any other form of payment options. Therefore utilizing these types of establishments becomes a necessary evil.
BetonSports is known to use a number of various payment processors, none of which show gambling transactions when customer credit cards are run through.
But this same employee does not necessarily buy the idea that most money is tied up in payment processors.
"This time of the year, though, there are not that many transactions so I
think it is a lot of bull****. They know they are done and they are
going to abscond with as much as they can. I wonder how much they have
on deposit? If this were football season it would be huge."
Those of you who are owed money from BetonSports.com can contact Gambling911.com at HT200357@aol.com for updates. We do NOT ask that you send us personal information and anonymous email accounts are welcome (i.e. Yahoo). *Note: Hotmail accounts tend to be blocked by AOL.
uppy:
If they don´t pay severence than BOS will end up with both the CR and US government down their throats and would surely close them down for sure...... I would want to know what the severence would be on 2 thousand employees. Costa Rica has some of the highest severence pays I have ever seen in my life. People making like $300 a month get thousands sometimes if they have been with the company enough years and even the worst wagering clerks have to be making at least $1K a month......
FI
FI
