Feeds

BetonSports stops taking bets

But where's the founder gone?

The essential guide to IT transformation

BetonSports has complied with a Department of Justice indictment and stopped taking bets late last night.

A message on the homepage says: "In light of court papers filed in the United States, the company has temporarily suspended this facility pending its ability to assess its full position. During this period no financial or wagering transactions can be executed. Further information will be posted once the company is in a position to do so." BetonSports shares on the London Stock Exchange remain suspended.

The DoJ also says BetonSports owes taxes on $3.3bn on bets taken from US punters. It wants $4.5bn and various properties.

The indictment focuses on company founder Gary Stephen Kaplan who is charged with 20 felony violations. It claims Kaplan started running a sportsbook in New York in the early 90s. He was arrested on gambling charges in May 1993 and moved to Florida. He eventually moved to Costa Rica.

Kaplan and Norman Steinberg own and operate Millennium Sportsbook, Gibraltar Sportsbook and North American Sports Association. They are accused of taking bets from undercover Federal agents and of illegally transporting betting equipment over state lines.

Gary Kaplan's whereabouts are not known - he lives in Costa Rica but is rumoured to be in Israel. He seems to have left the company two years ago.

Kaplan's brother Neil is in custody in Florida. David Carruthers is being held in Forth Worth, Texas. Two other named individuals are in custody in Miami and Tim Brown has been arrested near Philadelphia

The indictment says the Feds will seek extradition for all suspects. A hearing in the civil case, to get the money, will be heard within 10 days.

There's a statement from the DoJ here and the full indictment is available here.®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Broadband slow and expensive? Blame Telstra says CloudFlare
Won't peer, will gouge for Internet transit
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.