BetOnSports on Probation and Fined with $28.2 million
Associated Press reports indicate that the online gambling operator BetOnSports have been put on probation for five years and fined with $28.2 million on Tuesday,when a federal judge in St.Louis has sentenced the company.The lawyers on both sides belive that the fine is less likely to be paid.
BetOnSports legal defenders claim the company has more liabilities than assets and still owes U.S. gamblers $7 million to $8 million.
Assistant U.S. Attorney Steve Holtshouser told the St. Louis Post-Dispatch that the amount owed to U.S. gamblers is probably much higher and supposably only half of those gamblers went through the steps to verify money owed to them.
Gary Kapla,the company founder was convicted last month to 51 months in prison after he has pleaded guilty,in August to conspiracy, racketeering conspiracy and violating the Wire Wager Act for running what once was one of the world’s largest offshore sports gambling companies and he agreed to forfeit $43.65 million.His brother and sister have been convicted to ten months house arrest and having to turn over $6 million held in offshore bank accounts.
David Carruther,former CEO has also pleaded guilty and is remaining under house arrest awaiting sentencing.
