Mortgage Scammer Pleads Guilty for Operating Illegal Sports Betting Ring

FARGO, North Dakota — (Associated Press) - A Minnesota man accused of running an illegal gambling operation in North Dakota has reached a plea agreement with federal prosecutors.

Court documents show Gerald Greenfield, of Bloomington, Minnesota, plans to plead guilty to transmitting wager information and money laundering. KFGO-AM reports that details of the plea agreement have not been released.

Greenfield is charged in federal court with three counts, including conducting a sports betting business and conspiracy to commit money laundering.

Federal prosecutors say Greenfield took approximately $10 million each year in wagers and discussed receiving "several million dollars" from gamblers in Fargo. Greenfield allegedly ran the gambling operation for four years and made an annual profit of between $500,000 and $600,000.

Greenfield previously pleaded guilty to running a $2.5 million mortgage fraud scheme in the Twin Cities.