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Another individual has plead guilty in an expansive Internet gambling investigation being conducted by the US Attorney’s Office out of Baltimore, Maryland.
Martin Loftus from California, plead guilty to one count of money laundering on behalf of online poker operations. Like his colleague James Davitt, Loftus has agreed to cooperate with federal authorities in both Maryland and New York.
Court documents show that both men worked with Full Tilt Poker, the world’s second largest Internet poker site, to help facilitate payments via checks to gamblers. Loftus confessed to laundering close to $1.5 million through a Swiss bank.
Another payment processor, Michael Garone, was recently sentenced to one year probation in connection to the ongoing investigation. He processed payouts for the online gambling website Bodog.com. Garone has also been cooperating with authorities.
The Loftus plea comes just one day after law enforcement authorities arrested over 100 alleged mob associates, most of which were located in the New York City tri-state area. Charges include illegal gambling.
- Christopher Costigan, Gambling911.com Publisher
