David Carruthers, the disgraced former chief executive officer of BetonSports, may strike a plea bargain with prosecutors to avoid a conviction for racketeering and fraud charges.
Carruthers was recently released on a $1 million bail but is currently under “hotel arrest” in a Clayton, Missouri hotel after the judge in his case specified he was not to leave his hotel for any reason except for a medical emergency and his court appearances. Carruthers is currently wearing an ankle bracelet to monitor his whereabouts, according to the Associated Press.
Carruthers is sure to be breathing a little easier in his new luxury hotel room, having spent the last month in an orange jumpsuit in a River Belle Casino medium-security prison. Carruthers was dismissed by his company following his arrest and BetonSports did not contribute to massive bond required to secure his release from prison.
Forbes reports that it is likely Carruthers’ attorney will negotiate with prosecutors to work out a plea bargain. Joseph Kelly, a business law professor and expert in online gambling, said: “Once the plea is reached, Carruthers would cooperate with the prosecutors and disclose everything.”
Kelly believes the prosecutors in Carruthers’ case are really after information on Gary Kaplan, the founder of BetonSports, who has been charged with 20 felony violations and is being pursued by the FBI.
The first hearing in Carruthers’ trial was scheduled for yesterday, however Kelly believed the case wouldn’t go that far. “It’s overwhelmingly probable that the government doesn’t want to bring Carruthers to court,” he said. “They really want him to plea bargain and turn over information on Kaplan.”
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