BETONSPORTS.COM

[dman2]

Is there anything new going on with Betonsports.com? Anybody know what to do to get our money back from them? It's been a long time since I have heard any news about them.

[jetset]

It's still rumbling on from what I can see.

David Carruthers remains on heavy bail and under house arrest in St Louis well over a year since his arrest and has still not been brought to trial; Gary Kaplan is pleading ill-health for a house arrest arrangement and his PA has been added to the indictment.

The Antiguan gaming authorities are supposed to be leading the charge in trying to recover as much player money as they can from what's left of BetonSports and its former processors - there have been court proceedings on this. They're probably the best avenue to get an update, because the former management of the company are not too responsive.

[peteyweestro]

i's to bad what happened with betonsports, they were the best sports betting site by far for me they always paid me and by western union, cash money in hand those were the days

[SeattleSinner]

Originally Posted by peteyweestro

i's to bad what happened with betonsports, they were the best sports betting site by far for me they always paid me and by western union, cash money in hand those were the days

You can thank our government for that one.

[dman2]

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!

[dman2]

Re: Your BetonSports claim (MVP Sportsbook )

We write to advise that on 20th September 2007 that we Nigel Hamilton-Smith and Peter Wastell of Vantis were appointed Receiver-Managers of BoS (Antigua) Limited, a subsidiary of BETonSPORTS PLC which is also in Liquidation under our stewardship.

BoS (Antigua) Limited is a company registered in Antigua and Barbuda, and was the operating company within the BETonSPORTS group responsible for the individual gaming contracts and betting transactions with the players/ customers primarily in the United States of America. Our appointment as Receiver-Managers was made by the Financial Services Regulatory Commission of Antigua and Barbuda ("FSRC"), under the International Business Corporations Act in that jurisdiction.

The company's records indicate that you are owed funds by the company in your capacity as a former client of the company, which traded under various trading/brand names detailed on the right

As Receiver-Managers under Antiguan law, our duties are primarily to collect in the various assets of the company, and distribute those funds to the creditors of the company.

At this early stage we cannot comment on the quantum and timing of any dividend distribution to creditors in this matter, as many of the assets, including debts due and payable to the company, lay in other international jurisdictions. However, based on our current knowledge of the affairs of the company, we anticipate that a return albeit small should be available for distribution to all creditors.

It is now necessary for us to agree the claims of creditors, in anticipation of distributing the assets of the company at some point in the future.

We have interrogated the records of the company, and in consequence believe you to be a creditor.

If you do believe you are a creditor, please complete the request for information via the following weblink https://betonsports.vantisplc.com/.

In the event you are not able to accept the accuracy of the company's records of your claim you will be required to submit your own reconciliation, together with copies of all transaction documentation to include proof of funding and full betting history.

Due to the high number of expected incoming claims we regret that we will not be able to reply to individual enquiries regarding claim status for several months. However, confirmation of claim status will be sent out by us in due course, once progress has been made with the collection of the company's assets. Please note that due to the significant number of claimants we anticipate it will take not less than three months to deal with any queries that may arise.

As and when we are able to write further we will do so, and anticipate reporting to you further in May 2008.

Please complete the details via the weblink below, using your creditor reference 51463, to confirm your claim against the company.

https://betonsports.vantisplc.com/



Yours faithfully

PETER WASTELL & NIGEL HAMILTON-SMITH
Joint Receiver-Managers
For and on behalf of BoS (Antigua) Limited -In Receivership.