3rd BetOnSports figure gets probation
Tuesday, December 21, 2010
ST. LOUIS (AP) — The sentence for a third man involved in the international online betting firm BetOnSports leaves just one figure in the case unresolved.
Norman Steinberg pleaded guilty to conspiracy on Thursday in St. Louis. He was sentenced to probation and fined $10,000.
Previously, BetOnSports founder Gary Kaplan was sentenced to three years in prison and agreed to forfeit nearly $44 million. And CEO David Carruthers was sentenced to nearly three years in prison.
BetOnSports was an offshore sports wagering business based in Costa Rica. Carruthers admitted in his guilty plea that the company falsely portrayed Web-based gambling as legal and caused customers to lose millions of dollars.
Steinberg was co-owner with Kaplan of a BetOnSports subsidiary.
The last indicted target, Gregory James Haggard, is considered a fugitive.