BetonSports plc

In July 2004"BetOnSports PLC Shareholders May Sue the Company" the company was floated on the Alternative Investment Market of the London Stock Exchange with the ticker symbol BSS.LN. "Quote for BETonSPORTS PLC (BSS.LN)", Wall Street Journal online share price service, URL retrieved 31st March 2007Although listed in London, the majority of its operations were in several Caribbean locations (principally Aruba, Antigua, and later Costa Rica"Significant cases: BETONSPORTS PLC" United States Attorney's Office of the Eastern District of Missouri's page on its ongoing civil and criminal prosecution of BetonSports and related parties.) and almost all of its customers were within the United States.

In July 2006 the United States District Court for the Eastern District of Missouri issued a sealed indictment of the company and a number of people related to its operations. The indictment was unsealed later that month when CEO David Carruthers was arrested in Dallas while returning to Costa Rica after attending the company's annual general meeting in London;"BETonSPORTS plc CEO arrested in Dallas" Carruthers is under house arrest in Missouri awaiting trial"Founder of Betonsports arrested" BBC News - he and his co-accused have entered "not guilty" pleas."Several defendants enter not-guilty pleas in BetonSports, Plc. case", Sarah Polson, Pokerlistings.com, July 31 2006 Shortly after Carruthers' arrest trading in the company's stock was suspended."Gaming shares hit by US charges" BBC News 18th July 2007 At that time BetonSports employed around 2000 workers in Costa Rica. The company later terminated Carruthers and agreed to discontinue its US business.

In March 2007 founder Gary Kaplan was arrested in the Dominican Republic and was extradited to the US.

References

External links

• BETonSPORTS.com, the company's former online gambling portal. The site now displays information for customers whose funds are affected by the ongoing legal action.