Wednesday, July 26, 2006

In Poker, We Call This a "Bad Beat"

  • April 2006 - You are David Carruthers, successful CEO of BetOnSports.com. Your corporation is listed on the London Stock Exchange, market share is growing, and you are the darling of investors.
  • Saturday, July 15th - You are planning on a brief layover in Dallas Fort Worth en route to your company's headquarters in Costa Rica.
  • Sunday, July 16th - As your plane touches the gritty earth of Texas, you are arrested by Federal marshalls for violating anti-gambling laws.
  • Wednesday July 20 - Federal prosecutors unseal a 22-count indictment that accuses your company of fradulently taking money from US citizens and failing to pay excise taxes. BetOnSports.com is forced to completely shut down its wildly popular website.
  • Tuesday July 25 - BetOnSports.com announces that : “On July 24, the contract under which David Carruthers acted as C.E.O. of the company was terminated. Clearly, while he remains in the custody of the U.S. government he is unable to perform his duties.”

2 comments:

grumps said...

But, did they hook his nads up to a car battery?

Nathan said...

Well, he was arrested in Texas.