Founder of online bookmaking website BetOnSports.com, Gary Kaplan, is pleading guilty for racketeering and other charges against him. Along with a possible jail sentence of between forty one to fifty one months in jail, Kaplan will be forfeiting $43.6 million to the US Government, which has already been transferred from his Swiss bank account.

BetonSports was founded in 1995 and in 2002 to 2004, had revenue close to $4 billion of which 98 percent came from the United States. In 2004 his company went public on the London Stock Exchange. Kaplan was arrested in 2007 for breaching the Federal Wire Act of 1961, which prohibits the use of a wire communication facility to transmit bets across state or foreign borders. Other violations pressed against Kaplan included Racketeer Influenced and Corrupt Organizations Act, interstate transportation of gambling paraphernalia, interference with the administration of Internal Revenue Service laws and tax evasion.

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