Banks balk at plan to cut off cash from net casinos
A group representing 5,000 small banks is opposing a tool lawmakers hope to use to stop online gambling, posing a challenge to what is widely seen as the government's best shot at cracking down on the activity.
The Independent Community Bankers of America, whose members range from New York's Metropolitan National Bank to Colorado's First National Bank of Las Animas, is objecting to a proposal winding its way through Congress that would require financial institutions to block payments between ...
Aug 30, 2006, 12:22 pm - Lottery News forum
More offshore gambling arrests
New case involves same pattern of offshore web site accepting sportsbets from US residents over the phone
Four men were indicted for allegedly running an illegal offshore gambling operation, federal authorities said.
The U.S. attorney's office reported Wednesday that four men have been indicted in connection with an ongoing investigation into a gambling and money laundering scheme that allegedly involves facilitating illegal betting through a Costa Rica-based Web site.
According to the ...
Aug 17, 2006, 9:33 am - Lottery News forum
Former BETonSPORTS CEO Carruthers freed on bond
David Carruthers, the former chief executive of indicted online gaming company BETonSPORTS Plc, was freed on Wednesday on $1 million bond with strict curbs on his movements.
Carruthers, 48, must wear an electronic monitoring device and remain confined to a St. Louis residence except for special circumstances until his trial on racketeering and fraud charges, according to the court-ordered terms of his bond.
BETonSPORTS fired Carruthers after his July 16 arrest during a layover at a Texas ...
Aug 16, 2006, 5:21 pm - Lottery News forum
Online gambling company says it will lock out U.S. bettors
fBETonSPORTS, the online gambling company targeted by federal prosecutors in Missouri and Washington, is shuttering the majority of its billion-dollar operations and will no longer accept bets from the United States, a company spokesman said Thursday evening.
The move was seen as a significant victory for prosecutors targeting online gambling and as somewhat of a surprise. Industry experts and even a company insider had predicted that BetOn Sports would simply ignore the federal criminal pros ...
Aug 11, 2006, 11:27 am - Lottery News forum
BETonSPORTS Shutting U.S. Gambling Sites
BetOnSports PLC, the British-based Internet gambling company that has been charged with fraud and racketeering in the United States, said Friday it will shut down its services for American gamblers.
BETonSPORTS said it plans to stop operating in Costa Rica and Antigua from where it accepted wagers from tens of thousands of customers in the United States as soon as possible following a U.S. federal court order for the company to stop taking bets from the country.
Shares in the company were ...
Aug 11, 2006, 11:11 am - Lottery News forum
Online gambling world watches U.S. case
BetOnSports indictment may show limits of American authorities' control
When prosecutor Marty Woelfle went before a federal judge this week to lay out her case against an online gambling firm, she faced a daunting legal challenge from the company she was prosecuting: No one bothered to show up.
There would seem to be good reason for BetOnSports PLC to hire attorneys. The firm is facing a 22-count indictment on fraud and racketeering charges filed in the U.S. District Court in St. Louis. Th ...
Aug 3, 2006, 10:18 pm - Lottery News forum
Bail set at $1m for UK internet gaming boss
The former BETonSPORTS chief executive David Carruthers is likely to be released on $1m bail within days under a deal with the American government which would allow him to live in the Midwestern city of St Louis until his trial for organizing illegal gambling.
Mr. Carruthers was one of eight people connected to BETonSPORTS who appeared in Missouri's federal court yesterday to enter pleas of not guilty in relation to charges of fraud, racketeering and unlawful gaming.
Among the others caugh ...
Aug 1, 2006, 10:30 am - Lottery News forum
Not guilty pleas entered in online gambling case
The former chief executive of one of the world's largest online gambling companies, BetOnSports, will remain in federal custody after pleading not guilty Monday to charges of mail and wire fraud and racketeering.
David Carruthers, 48, was one of several BetOnSports PLC employees and associates named in a federal 22-count indictment who pleaded not guilty.
Neil Kaplan and Lori Kaplan Multz, the brother and sister of BetOnSports founder Gary Kaplan, were among those pleading not guilty.
Aug 1, 2006, 7:59 am - Lottery News forum
BETonSPORTS Fires Jailed CEO
Wagering firm distances itself from colorful founder and Costa Rica
Embattled online gambling firm BETonSPORTS dealt its incarcerated chief executive out of the game with a terse announcement Tuesday that David Carruthers has been terminated.
The company also put some distance between its operations and BETonSPORTS founder Gary Stephen Kaplan, who was charged with 20 felony violations and is currently on the lam.
Mr. Carruthers, who was arrested in a U.S. dragnet nine days ago as he cha ...
Jul 26, 2006, 3:17 pm - Lottery News forum
Internet gambling bill seen delayed in Senate
A bill to outlaw most forms of Internet gambling appears unlikely to win U.S. Senate passage before senators begin a month-long recess on August 4, two Republican leadership aides said on Tuesday.
They said backers of the legislation were trying to build support for it and resolve differences as the Senate focuses on other legislative matters and gets ready for a summer break.
The bill was not among the priorities outlined by Senate Majority Leader Bill Frist, a Tennessee Republican, durin ...
Jul 26, 2006, 3:04 pm - Lottery News forum