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Article: BetOnSports Founder Sentenced on Federal Racketeering Charges -- Agrees to the Forfeiture of Over $43 Million.
- Article from:
- Entertainment Newsweekly
- Article date:
- November 20, 2009
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Gary Stephen Kaplan, founder of BetOnSports, a large illegal offshore sports wagering business, was sentenced to 51 months in prison on multiple federal charges, Acting U.S. Attorney Michael W. Reap announced last night.
Pursuant to a complex plea agreement, on Aug. 14, 2009, Gary Stephen Kaplan, 50, entered pleas of guilty to charges of conspiracy to violate the RICO statute, conspiring to violate the Wire Wager Act and violating the Wire Wager Act. He appeared yesterday for sentencing before U.S. District Judge Carol E. Jackson in St. Louis.
As part of the plea, Kaplan has forfeited to the United States $43,650,000 in criminal proceeds. An additional ...