..

BetOnSports Customers Receive Measly 4.6 Percent Payment After Five Years

Written by:
C Costigan
Published on:
Jul/05/2011
BetOnSports

Customers of BetOnSports have finally been paid, but it’s not all good news.  The settlement turns out to have been a paltry 4.6 percent for at least one customer who filed a claim with the US Government. To put this in perspective, if someone was owed $1000 from BetOnSports, they would be receiving just under $50.

A member of the SBR Forum announced the news today.

Affected players were asked to make the claims following an indictment and subsequent closure of the company in July of 2006.  Nearly a dozen executives and high level employees with what was once the largest North American-facing online and call center sports betting company were charged with tax evasion and violation of gambling laws along with money laundering. 

BetOnSports founder Gary Kaplan and former CEO David Carruthers have been serving prison time. 

The company’s ghosts are starting to resurface as part of an Eastern Pennsylvania US Attorney’s investigation into former Nylon Magazine publisher Don Hellinger.  A grand jury investigation revealed that Hellinger had processed payments for BetOnSports the year prior to its shutdown.  Prosecutors are determined to take down Hellinger on the gambling charges, Gambling911.com sources familiar with the case insist.

- Chris Costigan, Gambling911.com Publisher

Gambling News

Find Player, Team Prop Bets on the Bucs vs. Rams Game Week 3

Find Player, Team Prop Bets on the Bucs vs. Rams Game Week 3

Mike Evans is the favorite to score the first touchdown in the game, paying $80 for every $10 bet.  Cooper Kupp of the Rams pays $85 while Rob Gronkowski will pay a sweet $90 on every $10 bet.

Can I Bet on Bovada From Arkansas

Can I Bet on Bovada From Arkansas

You can bet on Bovada from Arkansas, however, Gambling911.com highly recommends BetAdrian. They offer a NO DEPOSIT welcome bonus of $20/€20.

Green Bay Packers at San Francisco 49ers NFL Week 3 Odds

Green Bay Packers at San Francisco 49ers NFL Week 3 Odds

Just a few seasons ago these teams hooked up in the NFC Championship. There’s a chance both make a return trip, which would be the third straight for the Green Bay Packers. This season got off to rocky start with the Pack getting waxed by New Orleans in the opener when they failed to score a touchdown.

Not So Fast: Oddsmakers Hold Off on Boosting Panthers Futures Odds With Christian McCaffrey Injured

Not So Fast: Oddsmakers Hold Off on Boosting Panthers Futures Odds With Christian McCaffrey Injured

The Carolina Panthers, for the moment anyway, lead the NFC South.  The big news here is that the 3-0 Panthers opened the season as 10-1 longshots to win the division.  Of course, the reigning Super Bowl champion Bucs still look solid but face off against another 2022 Super Bowl hopeful, the Rams in LA, this coming Sunday.

PokerStars to Pay Kentucky $300 Million to Settle Long Standing Gambling Suit

PokerStars to Pay Kentucky $300 Million to Settle Long Standing Gambling Suit

Then Govenor Steve Beshear called PokerStars and similar sites "leeches on our communities“ that hurt Kentucky’s signature industry, horse racing.

Syndicate