..

PartyGaming Founder May Not Be Out Of Woods Yet

Written by:
C Costigan
Published on:
Dec/22/2008

The online gambling sector was a little stunned last week when news first broke on sites such as Gambling911.com that PartyGaming co-founder, Anurag Dikshit, pled guilty to illegal Internet gambling and agreed to cooperate with the U.S. Justice Department in an investigation of Party Gaming. Dikshit entered the plea to one count of online gambling in violation of the Federal Wire Act today and agreed to forfeit $300 million. "I came to believe it was in fact illegal under U.S. law," Dikshit told U.S. District Judge Jed Rakoff in New York, referring to PartyGaming's activity. "I have taken full responsibility for my actions."

So why the plea?

One industry expert - and an attorney by trade - speculated as to the motives but expressed reservations regarding Dikshit's ability to reason.

"Any other federal agency, including ICE, can take a run at him and the only thing the OUSA-SDNY will do is say nice things about his cooperation," our expert points out.

In other words, once the legal process gets rolling, Mr. Dikshit could be subjected to years of future prosecution regardless of this plea.

"PartyGaming has relied to heavily on high priced lawyers who are not always looking out for their clients best interests," a source close to one of the executives tells Gambling911.com. 

"This deal appears to be intended to facilitate future testimony by denying the lawyers defending other targets ammunition with which to impeach Mr. Dikshit-‘In fact, you're here today because the government gave you a sweetheart deal for you own crimes, isn't that true!!??,' might be what the government wants to avoid," our legal expert points out.

Then there's this important fact to consider: 

His protections are all contained in the Fifth Amendment bar against double jeopardy.

"Presumably, this would extend to anything having to do with PG up until December 16, 2008," our legal expert says.

Christopher Costigan, Gambling911.com Publisher        

Gambling News

Tribal Gaming Official Rejects Oklahoma Governor’s Offer

Tribal Gaming Official Rejects Oklahoma Governor’s Offer

The state’s top Native American gaming official rejected Oklahoma Gov. Kevin Stitt’s latest casino gambling offer on Friday and accused the governor of trying to take advantage of the tribes during the coronavirus pandemic.

Can I Bet With BetOnline From Washington State?

Can I Bet With BetOnline From Washington State?

BetOnline is accessible from Washington State and offers some of the best welcome bonuses in the business.

Gambling and Sports Betting News March 26, 2020: Still No Mobile Sports Betting in NY

New York Governor Andrew Cuomo has put the kibosh on mobile sports betting for 2020.

CEOs to Share Post-COVID-19 Vision at Industry’s Biggest Online Conference

CEOs to Share Post-COVID-19 Vision at Industry’s Biggest Online Conference

SBC Events is launching the SBC Digital Summit - the biggest ever online conference in the betting & gaming industry as it comes to terms with the deep impact of the coronavirus pandemic.

How Blockchain Technology is Changing the Online Gambling Industry

How Blockchain Technology is Changing the Online Gambling Industry

The introduction of internet usage in the gambling industry was a game-changer. Casino owners took advantage and seamlessly integrated the latest technology to improve the user experience.

Syndicate