Ex-CEO of BetOnSports pleads guilty

(AP) -- The former chief executive of BetOnSports pleaded guilty Wednesday to federal racketeering conspiracy, admitting that the Internet company falsely portrayed Web-based gambling as legal and caused customers to lose millions of dollars they'll likely never get back.

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<p><a href="http://www.physorg.com/news157829989.html">Ex-CEO of BetOnSports pleads guilty</a></p> <p>(AP) -- The former chief executive of BetOnSports pleaded guilty Wednesday to federal racketeering conspiracy, admitting that the Internet company falsely portrayed Web-based gambling as legal and caused customers to lose millions of dollars they'll likely never get back.</p>