|David Curruthers, CEO of BetonSports.com, has lashed out at US Attorney General, John Ashcroft, following a profits warning which saw shares plummet from 83p to 77.5, halving the value of the company just months after it launched on the stock exchange. Curruthers accused Ashcoft of attempting to “impose his morality on the rest of the US.' |
Curruthers said that pressure from the St Louis Justice Department to pull $10m-worth of the company’s advertising from radio stations across the US, led to a serious downfall in the sign up of customers.
BetonSports has also been damaged by an unfavorable string of NFL results as well as a strike by Canadian Hockey players which has led to the suspension of the season.