Feeds

BetOnSports founder Kaplan jailed for four years

Racket rumbled

Beginner's guide to SSL certificates

The founder of BetOnSports.com was imprisoned for four years and three months on Monday after pleading guilty to violating the Wire Wager Act and racketeering offences.

Gary Kaplan, 50, pleaded guilty to the offences and agreed to pay $43.6m as part of a plea bargaining agreement. The huge fine reportedly amounts to around half of Kaplan's net worth.

Kaplan, who's been languishing in jail since his March 2007 arrest in Puerto Rico, may have to spend a further year behind bars. Three other BetOnSports.com execs have also pleaded guilty to various offences and face a sentencing hearing later on Tuesday, with a fourth facing sentencing at a later date, AP reports.

BetOnSports.com fell foul of US prosecutors for falsely advertising that its online gambling operations were legal and that money deposited in accounts was available for immediate withdrawal. Punters lost more than $16m when BetOnSports closed is books in 2006.

Kaplan received legal opinion that BetOnSports.com operations, licensed in the Caribbean, flouted US laws as far back as 2000. Despite this the online gambling firm continued to solicit business from US gamblers.

In the run up to sentencing by a Missouri Court, Kaplan made six-figure contributions to St Louis area charities over recent months. While acknowledging this generosity, District Judge Carol Jackson said she was "a little put off" by letters to her in support of Kaplan that followed these charitable contributions. ®

Intelligent flash storage arrays

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.