Ex-CEO of Betting Site Out on Bail
Former online gambling executive David Carruthers was freed on a $1-million bond Wednesday after spending nearly a month behind bars after his arrest on racketeering and fraud charges.
Carruthers, 48, was freed after a hearing before U.S. District Judge Mary Ann Medler. He had been expected to be released as early as Monday, but it took days to work out technical details. Among those details: A dedicated phone line had to be installed at the residence where he will stay.
The charges against Carruthers were part of a 22-count indictment against London-based BetOnSports being prosecuted by U.S. Atty. Catherine Hanaway in St. Louis. Carruthers was chief executive of the company until shortly after his arrest, when he was fired.
The case is one of the largest U.S. prosecutions of an online gambling company and has caused BetOnSports to close all of its U.S.-focused operations. It has caught the attention of the online gambling industry.
On Wednesday morning, Carruthers entered Medler’s courtroom in leg irons and handcuffs. He sat alone at a table and declined to comment.
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