
In exchange for their souls, BetOnSports.com executives made arrangements for the company to plead guilty to illegal gambling and other charges.
U.S. prosecuters have allegedly made a deal not to persue further personal charges against any other executives of the company. In exchange for the no further arrest guarantee, BoS apparently has agreed to testify against company founder Stephen Kaplan and fired CEO David Carruthers.
Carruthers was fired after he was arrested on gambling, rackateering, and money laundering charges. The company fired him for being unable to complete his job while being incarsarated.
Company founder, Stephen Kaplan (pictured above), was in court again yesterday. Prosecuters claim that the multi-millionaire was planning to avoid charges by fleeing to a country that would not extradite him.
In court Friday, Assistant U.S. Attorney Mike Fagan said that when Kaplan was arrested in March in the Dominican Republic, he had a handcuff key and five passports with his picture, some with different names, places of birth or other information. Kaplan also carried large sums of cash from four countries where extradition is difficult or impossible, Fagan said, referring to an FBI agent's affidavit.
Fagan also said Kaplan had a plan, detailed in a spiral notebook, to win diplomatic protection and asylum in Nicaragua.
Kaplan also has $107 million in assets outside the U.S. and controls multiple bank accounts, Fagan said.
Kaplan's father-in-law, Warren Hoeffner, said Kaplan thought he could legally run a gambling business outside the U.S.