• More Problems for BetOnSports and Associates

    15 August 2006

    Newspaper

    It’s been reported that shareholders of BOS are considering legal action against BOS advisors based on the fact that they (advisors) did not mention any unfavorable background on Gary Kaplan, previous owner of the company prior to the the stock offering. It’s rumored that Kaplan has left Costa Rica for parts unknown but the middle east is suspected. He was included in the indictment against BOS for, among other charges, fraud and racketeering. Apparently, the advisors, Evolution Securities and Baker Tilly, felt there was no obligation to report any Kaplan history of previous gambling offenses since he was no longer associated with the company. However, some shareholders believe this information was critical in making sound investment decisions and should have been made available.

    Mention should be made here that David Carruthers, the former CEO of Betonsports, who was arrested and held on a $1 million bond over a week ago is now counting his release in hours. It’s been reported that friends and family have raised the necessary money and arranged for housing and other stipulations as required for release on bond.

    Meanwhile, BOS was busy firing David Carruthers and 800 other employees of BOS and announced they were out of the US market. They look to Asia to bolster their coffers but Asia is comparably a much smaller market and observers don’t believe this will be the cure, or even an effective bandage for the ailing company.

    Related News

    • 12 July 2019

      Microgaming’s Progressive Jackpot Network Pays Out More than €89 Million in the First Half of 2019

      Microgaming’s progressive jackpot network, widely understood to be the largest in the world, has paid out an astonishing €89,879,343 in the first six months of 2019. The network consists of 1,150,559 jackpots and has allowed 8 very lucky winners to become multimillionaires overnight. They took home seven and eight-figure Microgaming jackpots, which is more than €43 million in winnings. A further 380 players were less lucky but still got payouts of €10,000 or more.

      Read full article
    • 20 August 2018

      New SoftSwiss Brand iLUCKI Offers Crypto and More

      SoftSwiss is a huge name in the industry, and there's no denying that, so it's a pretty big deal whenever they launch a new brand. That's what's happened recently with the launch of iLUCKI, a site that has a lot to offer players on a lot of different levels. The Interface The first thing of note is the interface as a whole.

      Read full article
    • 27 March 2018

      New Genesis Casino Launching With Over 1,300 Games

      If you're the type of player who likes to stay on top of what's going on in the online casino world, then you'll definitely want to take a look at an upcoming site called Genesis Casino. They are focusing a lot of attention on giving players a great presentation because they want to be taken seriously and not just seen as "another name" among the hundreds of casino sites out there. Game Selection One thing that makes this brand stand out is game selection.

      Read full article