CEO Of Internet Gambling Company Sentenced To Prison

By: AP Email
By: AP Email

ST. LOUIS (AP) - The former CEO of Internet gambling company BetOnSports is expected to be sentenced to nearly three years in
prison after pleading guilty to federal racketeering conspiracy charges.

David Carruthers entered the plea Wednesday in U.S. District Court in St. Louis. As part of a plea deal, Carruthers agreed to cooperate with prosecutors in the case against BetOnSports founder Gary Kaplan and six others.

In return, federal prosecutors agreed to recommend no more than 33 months in prison.

U.S. Attorney Catherine Hanaway says more than 1,000 gamblers lost money when BetOnSports went out of business in 2006. Those customers lost a total of more than $16 million.

Carruthers declined interview requests after the hearing. Calls to his attorney were not returned.

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