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Four individuals have struck deals with the U.S. Government to plead guilty in a long running investigation into a multi-million dollar sports betting business.
From the Las Vegas Review Journall:
Glenn Cobb has agreed to plead guilty to two counts of the misdemeanor accessory after the fact to the crime of transmission of wagering information. His parents, Charles and Anna Cobb, and step-daughter, Monica Namnard, each are pleading guilty to one count of the gambling misdemeanor.
The family’s now-defunct company that ran the betting operation, Lycur, is pleading guilty to a felony charge of transmission of wagering information.
All of the defendants have agreed to forfeit $4.3 million of the $13.2 million the government seized from them in 2013.
Cobb and his three family members were also charged initially with conspiring to unlawfully structure $2.6 million in casino and bank transactions to hide money from the IRS.
The case gained notoriety after a U.S. Magistrate Judge Cam Ferenbach took issue with the Government’s use of the courts in the clandestine forfeiture campaign.
“This is unacceptable,” Ferenbach wrote. “Relying on various sealed and super-sealed filings, the government asks the court to rule against private citizens, allow the deprivation of their property and deny them a process to redress possible violations of their constitutional rights through a secret government action that provides no notice or opportunity to be heard.”
- Gilbert Horowitz, Gambling911.com
