Top Government Official Pleads Guilty to Gambling Away Tax Payer Funds

Written by:
Associated Press
Published on:
Nov/18/2018

ROCKVILLE, Md. (AP) — A former top economic development official in Maryland has pleaded guilty to stealing millions of dollars from the public.

News outlets report that Peter Bang pleaded guilty to federal and state charges Friday.

Bang was a top official in Montgomery County’s economic development department.

He admitted to embezzling $6.7 million in funds meant to spur the local economy and instead used the money to feed his gambling addiction. Prosecutors said Bang visited casinos in Las Vegas, Delaware and West Virginia.

He is set to be sentenced in February.

Gambling News

How Do I Start a Sportsbook From Kansas?

Kansas was well represented in the 2023 NCAA Men's College Basketball Tournament once again.  While the Jayhawks entered as a No. 1 seed, it was KSU that advanced the furthest.  Kansas is a hot bed for bookies even though they now have state-regulated sports betting apps.

Can I Start an Online Sportsbook From Kentucky?

Can I Start an Online Sportsbook From Kentucky?

The bookies have had the run of Kentucky, but that will change soon as the commonwealth lawmakers just passed through a bill that will legalize mobile sports betting.  That doesn't mean there still won't be opportunities for the local books.

Start a Sportsbook From My State

Below we list all the different US states and the current sports betting climate.  Every state has some opening for the local bookies, whether it be that state regulated books do not permit those under 21 from wagering (bookies often allow anyone 18 and up) or that betting is prohibited on in-state schools. 

How Do I Start a Sportsbook From Illinois?

How Do I Start a Sportsbook From Illinois?

Illinois is an excellent state in which to be a bookie.  Even though the state now allows for betting on home teams like the Fighting Illini and Wildcats, you'll need to wager in person on those teams at a casino.  Not exactly the most convenient.  The local bookie makes things much easier by placing those team bets online using the pay per head software.

Syndicate