CEO of BetOnSports - David Carruthers - Arrested!

#1 17th July 2006, 6:50 PM

Quote:

LONDON (AFX) - BetonSports PLC's chief executive David Carruthers has been detained by US federal authorities while changing flights in the US en route from the UK to Costa Rica.

Quote:

'We will be monitoring this case closely as it is too early to say if this is part of a broader strategy on prevention of Internet gambling in the US or if it is the Department of Justice flexing their muscle and trying to influence legislation,' said Greg Harris, an analyst at Cannacord.

Original article:

http://www.forbes.com/afxnewslimited...fx2882857.html

Update:

http://www.forbes.com/afxnewslimited...fx2883564.html

This could be the start of big things to come

#2 17th July 2006, 6:54 PM

It surprises me that he would even try stepping foot in the U.S. I thought he's been a wanted man for years...the government acts as if he is Kevin Mitnick. . .back in the day. It also surprises me that he would come into the U.S., especially now, because he recently made comments stating prohibition doesn't work, the Senate will fail to pass the bill, and regulation is necessary.

#3 17th July 2006, 7:14 PM

Another story on the BBC: http://news.bbc.co.uk/1/hi/business/5187520.stm

It's causing a huge shakeup amongst people who have shares in online gaming and it's just adding fuel to the whole online gaming fire.

#4 17th July 2006, 7:24 PM

Quote:

A spokesman said the firm was trying to found out the reason for his arrest.

?? lol . what?
I hope that by stepping in the U.S. is some kind of blatant ploy, and hope he has one hellz of a trick up his sleeve to make online gambling legal.

http://www.int.iol.co.za/index.php?set_id=1&click_id=115&art_id=qw115061580 5156R131

Though...I suspect he'll be facing more than the 21 months in prison Cohen got.

#5 18th July 2006, 2:12 PM

Here's whats going on:

http://today.reuters.com/news/newsAr...archived=False

#6 18th July 2006, 9:01 PM

Yea this thing has blown way out of control, they want $4.3 billion off of him now.

#7 18th July 2006, 11:33 PM

I wonder if he is 1 of the 2 people/corperations the US Department of Justice recently announced an indictment for operating an illegal, off-shore gambling website.

#8 19th July 2006, 10:57 PM

This could be very good news and would help oppose the US Government's plans to ban online gambling:

http://news.bbc.co.uk/1/hi/business/5195638.stm

#9 19th July 2006, 11:09 PM

Very Interesting news,, The US government has to stick there nose in everything, they should just leave us alone>>>>>>>>>>> buck

#10 20th July 2006, 12:31 AM

Isn't any worst then the Ceo of Coors(not completely sure) getting arrested for drunk driving.

But the Gov't is going to be the Gov't.. usually pain in the asses

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