Neil Scott Kaplan, Lori Beth Kaplan-Multz and Penelope Ann Tucker have all pled guilty to Federal racketeering charges in US District Court in St Louis. All parties agreed to forfeit millions of dollars to keep from going to jail.

Neil and Lori Beth are brother and sister to Gary Kaplan, the founder of BetOnSports, and Penelope is the former personal assistant to Gary. All three former executives cut deals with prosecutors on Monday to keep from going to jail. The funds turned over by the trio were taken from Swiss bank accounts.

All three parties are scheduled for sentencing on September 15th. According to a newspaper report from St Louis, Neil Kaplan’s deal has him serving two months in a halfway house and eight months under house arrest while Lori Beth Kaplan-Multz deals says she will complete two to four months in a halfway house followed by six to eight months under house arrest. Tucker will be serving one year on probation.

The BetOnSports Company was found to be accepting bets from United States citizens, which is illegal. Neil and Lori Beth’s place in the company was placing ads while Tucker helped Gary with banking and payment operations. Gary Kaplan is set to go to trial in September







- 2009-06-26