Online Gambling Middleman Pleads Guilty
08 March 2012
As a result of the investigation of the Department of Justice that shut down the three largest U.S. facing online poker sites, a Canadian citizen has now plead guilty to conspiracy charges.
In a plea to the U.S. District Court in Manhattan, Ryan Lang said he was the middleman between online poker companies and the brokers who tricked U.S. banks into processing money for online gambling. Land admitted he helped circumvent U.S. laws from 2007 to the middle of 2010.
In a statement Lang said;
“I wish to publically apologize to anyone I’ve harmed by my conduct.”
Sentencing is set for September 24th of this year and Lang is facing up to 30 years in prison for pleading guilty to conspiracy to commit tax fraud and violation of the Unlawful Internet Gambling Enforcement Act, accepting funds in connection with Internet gambling and conspiracy to commit money laundering.
These charges come from the indictments handed down last April that shut down the U.S. operations of Absolute Poker, Full Tilt Poker and PokerStars. A Manhattan federal judge issued orders on around 76 bank accounts in 14 countries and seized 5 internet domain names.
Several defendants from those indictments have already pleaded guilty but several others are still awaiting trails.
14 May 2010Canadian Man Pleads Guilty in U.S. Online Gambling Charge
Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article
02 June 2010France to Award 30 Licenses for Online Gambling
Today the government of France approved a new online gambling bill. The bill passed the French parliament by a narrow 299-233 vote. The French will grant only 30 licenses to operate online casinos and poker rooms within its borders. Though it is now official and France says that licenses will be granted in time for the 2010 World Cup, not everyone is excited about the French market.Read full article
09 June 2010France Issues 11 Licenses For Online Gambling
France acknowledged that 11 companies have been granted license and have been registered to conduct online sports and horse race betting as well as online poker within France. According to Arjel president Jean-Francois Vilotte, the regulator of gaming in France, “There were 35 requests for licenses and we have retained 17 at this stage. None have been formally rejected.Read full article