..

Another Guilty Plea In Maryland Online Poker Investigation

Written by:
C Costigan
Published on:
Jan/21/2011
Maryland Online Poker Investigation

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

Gambling News

Georgia Dems Take Gambling Hostage Over GOP Voting Bills

Georgia Dems Take Gambling Hostage Over GOP Voting Bills

Angered by a blitz of Republican-backed legislation that would roll back voting access, Georgia Democrats are taking hostages — withholding their support on pieces of legislation that need bipartisan backing to pass.

Draftkings Sees 146% Revenue Increase During 2020 Football Season

Draftkings Sees 146% Revenue Increase During 2020 Football Season

DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today reported fourth quarter and full-year 2020 financial results.

Best Bets for This Weekend - Feb. 27-28, 2021

Best Bets for This Weekend - Feb. 27-28, 2021

The weekend betting slate typically includes the biggest games of the week. Weekend contests give bettors tons of opportunities to win big on multiple sports. 

Six Developers Offer Proposals for Richmond, VA Casino

Six Developers Offer Proposals for Richmond, VA Casino

Six casino developers have submitted proposals to the city of Richmond to be the preferred candidate for a casino resort.

Cal Ripken Jr Joins the Draftkings Advisory Board

Today, DraftKings (Nasdaq: DKNG) announced the appointment of baseball legend and entrepreneur Cal Ripken Jr. as a special advisor to the board of directors. Ripken will lend strategic insights to the board of directors and Chief Executive Officer on key company initiatives and will become a DraftKings equity holder.

Syndicate