Prison for Online Casino Exec David Carruthers

Published January 11, 2010 by OCR Editor

Prison for Online Casino Exec David Carruthers

The former CEO of BetonSports admitted to knowing he was breaking the law.

The legal saga that featured the US ban on online gambling and the former CEO of internet gambling company BetonSports has come to an end. David Carruthers, who was indicted in 2006 and accused of accepting bets from US punters online, was sentenced Friday to 33 months in prison.

Carruthers pleaded guilty to one count of racketeering conspiracy, following a plea deal he has reached in April 2009, which had him admit to knowingly breaking the law and all other charges being dropped.

BetonSports grossed an estimated $1 billion plus a year in its peak, 98% from US players.

Carruthers Case Closure:
Carruthers had spent three years and five months under house arrest

He had spent 32 days in jail

He will serve 33 extra months following the sentence

Carruthers agreed to forfeit $43 million to the US

BetonSports was fined $28 million

The site was shut down

BetonSports founder Gary Kaplan has also accepted a plea bargain, receiving a 51 month sentence in November.

See also

Bad Bad Boys Go to Prison

The Betting on David Petraeus

Ladbrokes Welcomes David Martin

Amaya CEO David Baazov Officially Resigns

David Haye Announced To Speak At The Betting On Sports Conference 2016

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