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Michael Colbert, the Sportsbook Director for Cantor Gaming, was arrested early Wednesday morning in Las Vegas along with seven other individuals whose names have since been released. A total of 25 arrests were made nationwide Wednesday. The 259 page indictment charges these individuals with Enterprise Corruption, Money Laundering, Promoting Gambling and Conspiracy.
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Those individuals indicted and living in the Las Vegas area include: Brandt England age 49 of Las Vegas, Paul Sexton age 29 of Henderson, Jerald M. Branca age 67 of Las Vegas, Joseph Paulk age 35 of Las Vegas, Michael Colbert age 32 of Las Vegas, Steven Diano age 48 of Las Vegas, Ian W. Mandel age 43 of Las Vegas, and Kelly Barsel age 42 of Las Vegas. Charges in the indictment include: Enterprise Corruption, Promoting Gambling, Money Laundering and Conspiracy.
The Nevada State Gaming Control Board Enforcement Division, working with the New York Police Department, the FBI and the Queens County District Attorney’s Office, participated in the service of search warrants and the arrest of eight men from the Henderson and Las Vegas areas.
The eight individuals are charged with over 110 counts related to illegal bookmaking in connection with Pinnacle Sports (based in Curacao). The operative was dubbed "World Wide Wagers" by the NYPD's Organized Crime Control Bureau.
The Gaming Control Board's Enforcement Division has been working in cooperation with the NYPD for the past 15 months upon learning of the Las Vegas connection. The investigation itself began in 2011 and involves a large scale bookmaking operation tied to Pinnacle Sports. Authorities also contend that the operation has connections to organized crime.
$2.8 million has been seized in Las Vegas alone. Gaming control is continuing the investigation into potential statutory and regulatory violations in Nevada.
The Gaming control is continuing the investigation into potential statutory and regulatory violations in Nevada.
Chad Millman of ESPN.com revealed that total payouts were in the tune of $50 million with bets on horse racing, pro and college football, basketball and other sporting events.
"Illegal gambling is not a victimless crime," Queens District Attorney Richard Brown said at a morning news conference. "Such unlawfully earned profits are often diverted into more insidious criminal enterprises."
The owners of Curacao-based Pinnaclesports.com, one of the most prominent sports betting websites, were named in the indictment.
