1. David Carruthers was arrested in the United States on 16 July 2006 on charges related to his role as CEO of the company.
24 Facts About David Carruthers
1. 2.
David Carruthers was convicted of racketeering conspiracy, and sentenced to 33 months in prison.
3.
David Carruthers managed around forty of the business's then 1,900 high street betting shops, managing the Midlands and south Wales territories.
4.
In July 2000, while it was still a privately held company, David Carruthers was appointed as CEO of BETonSPORTS, and tasked with bringing the company to a stock market listing.
5.
David Carruthers oversaw rapid growth for the company, which more than tripled its operating profits during his tenure.
6.
David Carruthers was appointed to the board of directors on 18 June 2004.
7.
David Carruthers said it handled $1.77 billion worth of bets for the year, up 25 percent.
8.
David Carruthers is a noted and vocal advocate of online gambling regulation.
9.
David Carruthers has frequently engaged in public debate with opponents of online gaming, and has argued vociferously for government oversight and taxation of the industry.
10.
David Carruthers has lobbied for regulation on the basis that would help to protect against gambling abuse and underage gambling as well has provide much needed tax revenue to the US government, he sought support from the government in finding ways to protect consumers.
11.
David Carruthers publicly called for transparency among his industry peers and suggested that a good starting point for operators was a public offering of shares.
12.
David Carruthers has accepted numerous speaking engagements in which he has lectured on the benefits of regulation.
13.
David Carruthers explained to The Wall Street Journal in a 2 August 2004 article: "What happened with alcohol [prohibition] was a disaster," he said.
14.
Leach's rhetoric, David Carruthers presented the case for the regulation of the online gambling industry in the United States.
15.
David Carruthers was travelling with his wife, Carol, from the BETonSPORTS Annual General Meeting in the United Kingdom to his home in Costa Rica where the two lived since 2000.
16.
Outside the courtroom, Evans explained why David Carruthers had made the surprise move to shift the hearing to East Missouri.
17.
David Carruthers was terminated as BETonSPORTS chief executive officer on 24 July 2006, following his arrest and detention.
18.
David Carruthers cited Carruthers' inability to perform his daily business duties while jailed as the primary reason for the termination of his contract.
19.
The original news item submitted to the London Stock Exchange Regulatory News Service stated that as a consequence David Carruthers has been removed as a director of BETonSPORTS plc.
20.
David Carruthers was supposed to appear in the St Louis court at the same time as the other defendants, but was still in the process of being transported from Fort Worth, Texas.
21.
Later that day he appeared in front of the court, wearing leg irons, a white T-shirt and loose beige slacks, David Carruthers only spoke to confirm his name, age and plea.
22.
David Carruthers was released on bail the morning of 16 August 2006.
23.
David Carruthers remained on bail under house arrest in a hotel in Missouri for the next three years.
24.
David Carruthers withdrew his plea in September 2009, but re-entered it in January 2010 and was sentenced to 33 months in prison.