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BetonSports CEO Ousted

25 July 2006

ENGLAND – As reported by the U.K. Telegraph: "Internet gambling company BetonSports has removed David Carruthers from his job as chief executive following his arrest in the United States on charges related to an alleged racketeering conspiracy.

"The company said that yesterday 'the contract under which David Carruthers acted as CEO of the company was terminated'.

"…BetonSports said: 'Clearly while he remains in the custody of the US Government he is unable to perform his duties. Further the company has been unable to speak directly with Mr Carruthers.'

"Mr Carruthers, BetonSports founder Gary Kaplan and nine other former executives of the online betting company have been charged with racketeering conspiracy, transmission of wagers, mail fraud, tax evasion and other charges in a 22-count indictment…"

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