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There have been several significant developments that we thought you should be made aware of.
Though it has been over 1 year since the arrest of BETonSPORTS' CEO David Carruthers, the US Department of Justice still has no convictions in this case. The company itself, BETonSPORTS, plc has gained a continuance on their racketeering charge until June of 2008. There will be no more courtroom appearance for the company itself for another 8 months. We reported this two weeks ago in our News section under US Regulation. You can view the story, here.
We also reported that a receiver-manager has been put into place to manage the assets of the insolvent BETonSPORTS Company. Today this company, Vantis plc, located in England, issued a Press Release. You can download the release here.
We have been asked the same questions repeatedly over the last few days since our original story ran. We have been in touch with Vantis and have answers to the most common questions on the front page of the OSGA.com website. Please note that there are no longer any BETonSPORTS employees. Their toll free number no longer is answered and the same goes for their customer service email. Vantis will be contacting player-creditors shortly, via email. This Link will take you directly to the full story.
For more information on the BETonSPORTS case and to keep up-to-the-minute on this breaking story and more, become a member. Sign up Today at - osga.com!
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