Wednesday, Sept. 20, 2006

• Email
• Print

Betonsports, Plc. wants to settle racketeering, fraud case

By Sarah Polson

Lawyers for BetonSports, Plc., the online gambling firm facing federal charges for racketeering and fraud in the United States, told the U.S. District Court on Tuesday that the company has asked to settle the civil and criminal charges outside of court.

Jeffrey Demerath, a lawyer for BetonSports, Plc., told the court the company is interested in resolving the matter, and the Assistant U.S. Attorney agreed that he thought the case could be resolved with negotiations.

The company closed its operations in the United States in August after the arrest of its former chief executive, David Carruthers, who remains under house arrest in St. Louis while waiting to face fraud and racketeering charges as well.

BetonSports, Plc. is facing a 22-count indictment for allowing U.S. customers to gamble and place bets with their company via the phone and online. They are now prevented from operating in the United States, and the government is seeking to force them to give up $4.5 billion and other property.

Related articles: Former BetonSports Plc. Exec Out on Bail, BetonSports Plc. Fires Jailed Exec, Several Defendants Enter Not-Guilty Pleas in BetonSports Plc. Case, and Online Gambling Shares Drop with Federal Indictment News.

More News

• Gowen lawsuit tilts again
• Full Tilt sued over bot accusation
• Annette_15 ad pulled in the UK
• PA jury finds poker a game of chance
• Players Alliance backs Colorado appeal
• Canadian charged in U.S. online gambling case
• Menendez launches new poker bill
• Online poker in Obama's book