Termination As CEO
Carruthers was terminated as BETonSPORTS Chief Executive Officer on July 24, 2006, following his arrest and detention. The company cited Carruthers' inability to perform his daily business duties while jailed as the primary reason for the termination of his contract. It is widely speculated that BETonSPORTS' board made this move in order to distance itself from the scandal and from questions regarding the criminal background of company founder Gary Kaplan.
The original news item submitted to the London Stock Exchange Regulatory News Service stated that as a consequence Carruthers has also been removed as a director of BETonSPORTS plc.
Read more about this topic: David Carruthers
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“We hoped for a happy termination of this terrible war long before this; but God knows best, and has ruled otherwise.”
—Abraham Lincoln (1809–1865)