This week Kansas City resident, 49-year-old Hoang Pham, pled guilty to charges of illegal online sports betting and money laundering in front of US District Judge Fernando Gaitan.
Pham admittedly managed the operation from 2008, possibly earlier, until it was busted by the feds in 2012.
According to prosecutors, Pham ran the business using websites based in Costa Rica has brought in an average of $2,000 per day in gross revenue. The investigation revealed that in just one year, January 1, 2011, to February 9, 2012, $3,788,635 in wagers were made.
A series of bank accounts were used to and in a separate civil hearing, Pham turned over $56,437 to the government in illegal proceeds.
Once the United States Probation Office completes its pre-sentence investigation, Pham will be sentenced.
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Comments (1)
sharpe
04/12/15, 09:04:16 PM
This guy have a pretty good business for over four years but all good things comes to an end sooner or later. I guess he earned a pretty good amount of money in...
This guy have a pretty good business for over four years but all good things comes to an end sooner or later. I guess he earned a pretty good amount of money in that period, but probably will pay for that with time in jail. The US laws against the illegal gambling are very strict, so I'm curious what will be the verdict.
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