Top Gambling Stories: ‘King of Betfair’ Sent to Prison, First WSOP 2013 Bracelet Won

Submitted by Ace King on

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Ace King

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These are the top gambling news stories from Gambling911.com for the early part of Friday May 31, 2013 (Eastern Standard Time). Follow us on Twitter here.

The self-proclaimed 'King of Betfair' was sentenced to five years jail on Wednesday after it was found that he conned £400,000 out of family and friends. Elliot Short claimed to have a system for making high returns on the Betfair gambling site; however, according to Judge Peter Testar, Short "lied shamefully through his teeth." (Source:  GamblingKingz.com)

*Chad Holloway Wins First Bracelet of 2013 WSOP - Chad Holloway won the opening event of the 2013 World Series of Poker early Friday morning at the Rio All-Suite Hotel and Casino in Las Vegas. The victory came in the $500 Casino Employee event and awarded the senior editor for Pokernews.com $84,915 and the coveted WSOP gold bracelet.

*Colorado Casino Dealer Wins Free Seat in 2013 WSOP in Just 3 Minutes on New Poker Site – Ambosha Harrell, a dealer at a nearby Durango, Colorado casino, one a free seat at this year’s World Series of Poker, courtesy of a promotional offer from WSOP.com. 

As part of a $700,000 free promotion, Caesars Interactive Entertainment and the World Series of Poker are currently giving away 36 fully-paid seats into gold bracelet events.  This amounts to one per day, including an entry into the One Drop High Roller event valued at a whopping $111,111.  The first daily giveaway started with Event #3, which was Thursday's $1,000 buy-in No-Limit Hold'em Re-Entry tournament. Each day, there will be a drawing awarding a seat into the following day's noon event.

*Another Viktor Blom Wild Rollercoaster Ride - After winning the SCOOP Main Event on Monday night,Viktor "Isildur1"  Blom has had a rough time of it at the nosebleed tables of Full Tilt over the past couple of days, losing around a half of his $1.1m tournament win. However, he turned that all around yesterday, ending the day a $652.3k winner. Isildur1 played and won big figures at bothe the PLO and FLO8 tables, during an 8 hour late night session. (Source:  www.highstakesdb.com )

*Vegas Woman Accused of Embezzling $3.4 Million From Clients for Gambling Pleads Guilty - LAS VEGAS (Associated Press) — A Las Vegas woman accused of embezzling $3.4 million from the clients at her payroll company and using the money for gambling has pleaded guilty to tax evasion and wire fraud.

Internal Revenue Service officials say 55-year-old Deborah DiFrancesco entered the plea this week to one count of tax evasion and three counts of wire fraud.

Authorities say she told her clients that their money had been forwarded to the proper agencies, including the IRS. But the IRS says she actually prepared a second set of forms that understated the tax obligations of her clients, and she pocketed the difference.

Officials say DiFrancesco used the funds, taken between 2009 and 2011, for personal expenses.

She's been ordered to pay nearly $5 million to her clients and the IRS.

- Ace King, Gambling911.com

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