As reported by: KFWB New 980
Federal prosecutors said Friday they will continue prosecuting BetOnSports PLC even though the online gambling company is shutting down its operations that take bets from U.S. customers.

Separately, U.S. Attorney Catherine Hanaway's office approved conditions for the release of London-based BetOnSports' former Chief Executive David Carruthers, according to his attorney, Scott Rosenblum.

Hanaway's case against BetOnSports is one of the most high-profile prosecutions of online gambling. Last month, her office unveiled a 22-count indictment against the company. It seeks a $4.5 billion forfeiture from Carruthers and 10 other people associated with the operation that the government claims fraudulently took bets from U.S. residents by phone and the Internet, and failed to pay excise taxes.

Carruthers, then the company's CEO, was arrested last month during a layover in Texas and should be released within days. Rosenblum said prosecutors are waiting for $1 million in bond money to be wired to St. Louis before his release. The large wire transfer was delayed by technical complications Friday but should arrive no later than Monday, he said.




Hanaway told The Associated Press Friday her prosecution won't be affected by BetOnSports' decision to close its offices in Costa Rica and Antigua offices that processed billions of dollars worth of bets placed from the United States.


Article By: KFWB New 980