..

Denver Area Bookie Client List Could Prove Damaging Following Guilty Plea

Written by:
Jagajeet Chiba
Published on:
Aug/23/2014
Denver Area Bookie Client List Could Prove Damaging Following Guilty Plea

As reported earlier this month by Gambling911.com, Denver area bookies and agents alike may be looking over their shoulder this football season….Worse still, they could be fearing that dreaded early AM knock on their door.

That’s because one of the state’s largest bookmaking operations has been taken down and the client’s list reportedly reads like a “Who’s Who of Denver’s Elite”.

The list in question is currently under seal, however, the alleged ring leader Kerwin Sande has now plead guilty to money laundering and running the illegal gambling operation and now that client list could be revealed.

The gambling ring solicited bets in more than a half-dozen exclusive country clubs using accomplices and an off-shore website to take bets and keep a low profile, all while millions of dollars were on the table every week, CBS Denver reports.  The owners of a popular Denver sports bar are also reportedly listed as clients.

Scroll Down For More…

In a single weekend Sande's business reportedly brought in $4 million to $7 million in wagers.

One source told the FBI they had lost $2 million to $5 million in bets in three years and owed nearly $1 million to Sande in gambling debts.

As part of the plea agreement, the government will keep approximately $2.5 million in assets as well as a home seized from Sande but will return $500,000 it says was obtained through legitimate means.  

While Sande will be sentenced in November, the investigation remains open with the possibility of other bookies, agents and middlemen being charged. 

Placing a wager on a sporting event in the state is considered a petty offense, however, so actual gamblers are less likely to feel the whole sting of law enforcement's efforts.  Arkansas is the only other state in the union that makes sports betting a petty offense as opposed to a misdemeanor. 

- Jagajeet Chiba, Gambling911.com

Gambling News

Gambling and Sports Betting News December 11, 2019: CO Stakeholders Want Clarification on Prop Bets

Here are today's headlines in the world of gambling and sports betting as they happen - Thursday December 12, 2019.

Gambling as a daily way of life

Computer games for learning are the result of gamification, which is used in many areas of human life.

Gambling and Sports Betting News December 11, 2019: Michigan Sports Betting Bill Onto House and Governor's Desk

Here are today's headlines in the world of gambling and sports betting as they happen - Wednesday December 11, 2019.

What You Need to Know About Michigan Sports Betting as a Gambler

What You Need to Know About Michigan Sports Betting as a Gambler

The state of Michigan is set to legalize sports betting as bills are currently sailing through the legislature and is expected to be signed by Governor Gretchen Whitmer now that a compromise appears to have been reached regarding taxation (8.4%).

Michigan Expected to Legalize Sports Betting Shortly

Michigan Expected to Legalize Sports Betting Shortly

Legislation authorizing online poker and sports betting as well as fantasy sports is expected to pass the Michigan state legislature by Wednesday, according to state Sen. Curtis Hertel Jr.  Mobile betting will be permitted as part of the measure.

Syndicate