April 2, 2009

Former CEO of Betonsports pleads guilty, may get 3 years sentence.

Former Chief executive officer (CEO) of an online gambling firm, Betonsports pleads guilty in front of the court and may be sentence to 3 years behind the bars.

Betonsports, is an internet gambling company which took bets from US citizens and later their owners were arrested while boarding a plane in US airport.

David Carruthers entered the plea in U.S. District Court in St. Louis. As part of a plea deal, he agreed to cooperate with prosecutors in the case against BetOnSports along with Gary Kaplan and six others.

According to the court thousands of gamblers were affected and millions of money were laundered.

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