David Carruthers has withdrawn his guilty plea. The British sports betting executive was brought into Costa Rican sportsbook conglomerate BetOnSports in 2001 to be CEO.  Carruthers was part of an effort to legitimize the “American facing” company by BetOnSports founder Gary Kaplan.  The effort succeeded, for a while.  The company went public in London and Kaplan took out a total of $96 million out of the public offering and subsequent stock sales.   

The Feds cracked down on the BOS principals in 2006. Carruthers was arrested while changing planes in Dallas on a trip from London to Costa Rica.  Kaplan was found in the Dominican Republic a short while later.  Several other BetOnSports associates were also arrested.

Now that Kaplan has agreed to a plea deal, Carruthers has withdrawn his guilty plea from last April.  Carruthers has been residing in a St. Louis hotel for several years now as this case has drawn on.   Was he led to believe that he would be released for “time served”?  And has time been served here? Although not incarcerated, he has been subject to electronic monitoring, and is not free to come and go as he pleases.

In a case that has been sporadically covered by the St. Louis media, there have been no reports on a court hearing that was scheduled for yesterday.   We’ll nose around a little bit in the upcoming days to find out what’s going on here.