Feeds

BetonSports stops taking bets

But where's the founder gone?

High performance access to file storage

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.®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.