BoS permanently out of business, no one surprised.
Earlier today, representatives of the publicly traded company BETonSPORTS and US government prosecutors agreed on a court order that permanently restrains the company from taking bets in the United States. Readers will recall that BETonSPORTS has not traded in the United States since August, after several executives were named in a 22-count indictment alleging they failed to pay the US government billions of dollars in excise taxes.
On August 16, the former chief executive of BETonSPORTS David Carruthers was freed on a $1 million bond. Conditions of the release included a home detention. BETonSPORTS fired Carruthers after his original July arrest, where he was detained during a layover at a Texas airport. At Monday's hearing, Jeffrey Demerath, the lawyer representing BETonSPORTS, said "agreement on the restraining order was not to be taken as an admission of guilt on the part of the company."
To many observers the verdict of the US government on this case is a foregone conclusion.
posted by Ian of egamingpulse.
