Gregory Silveira sentenced in money-laundering case; gambler tied to Phil Mickelson
For the second time in as numerous weeks, Phil Mickelson's connection to sports gambling surfaced in a federal criminal proceeding, this time on Monday, when a California male was sentenced to 12 months and one day in prison for moving almost $3 countless the professional golf player's money to "a prohibited gambling operation."
Gregory Silveira, an avid golf player who authorities said had ties to overseas gambling, pleaded guilty last year to three counts of laundering funds from an unnamed "gambling client" of his in between February 2010 and February 2013. Outside the Lines, mentioning sources, determined Mickelson as the customer.
In court filings, district attorneys said the gambler had actually utilized the 57-year-old Silveira, who notes houses in both the Palm Springs location and San Diego, as a conduit to pay a $2.7 million gambling debt he owed to an offshore sportsbook. Silveira's attorney specified in a subsequent filing that Silveira was "friends with a number of individuals who are likewise avid golf enthusiasts" and, in this instance, had actually done a "personal favor to an individual who did not want his wagering activity to become public."
Mickelson, one of the top stars of the PGA Tour, made news last month when a federal insider trading examination concentrated on his close relationship with sports gambling icon Billy Walters, himself a popular figure on the trip's pro-am circuit. Mickelson supposedly got an insider trading tip from Walters, which led to the Hall of Fame golfer taking $931,000 off the purchase and sale of stock in bit more than week-- money that authorities stated he utilized to repay a debt owed to Walters.
While Walters faces federal charges and is free on $25 million bail, Mickelson was spared criminal charges. The Securities and Exchange Commission alleged he benefited just from the misdeeds of others, and Mickelson agreed to repay the $931,000, plus interest.
Mickelson, a 42-time PGA Tour winner and one of the game's wealthiest and most popular gamers, has actually not been charged with a crime as an outcome of either federal investigation, unlike his associates-- Silveira and Walters.
Mickelson could not be grabbed instant comment.
Sources close to the California money-laundering case stated there was no connection in between it and the insider trading examination led out of New York. Mickelson did meet federal representatives in the insider-trading case and, according to court files; he provided a two-page statement to authorities in the California money-laundering case. That statement is not, however, part of the case file and has actually not been revealed.
3 days later, Silveira transferred $2.475 million and then $275,000 into another of his Wells Fargo accounts. The next day, Silveira moved the $2.475 million to another account he controlled at JPMorgan Chase Bank.
Sentencing in the case had actually been postponed numerous times over the past year, with Silveira two times altering lawyers and at one point unsuccessfully attempting to withdraw his guilty plea prior to U.S. District Court Justice Virginia A. Phillips.
The government had advised Silveira be sentenced to 5 months in jail, however a mad Phillips rather enforced the lengthier sentence and included an $18,000 fine and three years of monitored release. Phillips thought Silveira had actually misled the court by stating he had actually never ever been a bookmaker or been associated with a gambling operation.
"I am the dumbest money-launderer that ever existed," Silveira told the judge throughout the hearing. "I wasn't aiming to hide anything."
Gambling Commission orders Betfred to pay 800,000.
The bookmaker Betfred has consented to an 800,000 settlement after accepting taken money from a VIP client, who was presumably offered complimentary drinks and field trip to motivate him to keep betting.
Betfred, based in Gibraltar, was discovered to have failed to satisfy its responsibilities on social responsibility and the prevention of money laundering, after taking thousands of pounds from the convicted thief Matthew Stevens.
The accounting professional pleaded guilty to 2 counts of theft previously this year, after funneling cash out of the business he worked for in order to fund his gambling habit.
The settlement comes just a day after a BBC investigation claimed that personnel at the high-street bookmaker Coral were informed to offer clients perks consisting of drinks and totally free bets to keep them banking on crack cocaine fixed-odds betting terminals.
The Gambling Commission said Betfred would pay more than 800,000 in compensation and in contribution to socially accountable causes after an evaluation of its license.
Under the regards to the latest settlement, Betfred will pay 443,000 to the victims of the criminal activities. A more 344,500 will be paid to socially accountable causes, agreed with the commission.
Betfred will also fulfill the commission s investigation expenses and perform an independent third party evaluation of its anti-money laundering and social obligation policies and procedures.
Stevens was jailed for three years and 4 months previously this year after he was found to have ransacked more than 850,000 from his firm s accounts over a 13-month period to sustain his gambling dependency. A considerable percentage of the stolen money was invested with Betfred, the commission stated.
The case was referred to the commission over insurance claims made in court that staff offered Stevens totally free bets and days out to go gambling, despite him acquiring big losses in between 2013 and 2015.
Betfred validated that the client was considered to be a VIP player and would have been in its leading 5% of customers in regards to invest and profit, the Gambling Commission said.
Leeds crown court heard in January that Stevens siphoned more than 850,000 out of an accounting firm owned by entrepreneur Mahmood Mahzar, who treated him like a child.
The court heard that Stevens bled the company accounts dry and covered up the theft by fabricating transactions. He continued to object his innocence after HMRC flagged up some 250,000 in unsettled taxes, falsifying documents to suggest that the tax authority had actually slipped up.
Stevens, of Rothwell, pleaded guilty to 2 offences of theft from an employer.
The payout is the current in a string of settlements with gambling firms since Sarah Harrison took over as president of the Gambling Commission in October in 2014. Harrison, who was granted an MBE in the Queen S birthday honors list, has actually assured to punish companies that do not do their utmost to prevent problem gambling and money-laundering.
The regulator announced an 880,000 settlement with Coral in April, after the bookie took hundreds of thousands of pounds from a VIP problem gambler who was using the earnings of theft to feed his habit.
Previously this year, Paddy Power was required to pay 280,000 after the commission found that it had actually motivated a problem gambler to keep betting up until he lost five jobs, his home and access to his children.
Richard Watson, program director at the commission, said: We determined a variety of weak points in the anti-money laundering and social duty controls utilized by Betfred. The charge package of over 800,000 shows these failures. The commission has now concluded a vast array of cases over the last 10 months leading to around 3.75 million in charge packages.
The results and findings in these cases provide a clear signal to operators of the need to learn the lessons from these for social obligation and money laundering controls, or risk facing harder sanctions.
Senate votes to legislate online poker gambling in New York City
The New York State Senate voted Tuesday for the first time to legislate gambling on online poker in the state, a historical growth of gambling.
The Senate passed the expense 53 to 5 at 7:30 p.m. to permit the state's 11 racetrack casinos to obtain 11 licenses to hold online poker games.
If approved by the state Assembly, New York would end up being simply the fourth state in the nation to legalize online poker gambling, according to Sen. John Bonacic, R-Mount Hope, chair of the Senate's racing, gaming and wagering committee.
New Jersey, Delaware and Nevada are the only other states where it's legal.
The Assembly still needs to talk about the bill prior to deciding whether to vote on it today, the final week of the legislative session this year, said Michael Whyland, a spokesman for the Assembly Democratic majority.
New York city's constitution forbids the state from allowing gambling other than on state lottery games, horseracing and gambling establishments approved by the Legislature, however the bill would navigate that prohibition be classifying the online video games of Texas Hold-em and Omaha Hold-em as video games of ability instead of games of opportunity.
The 10-year licenses to run online poker game of chance would cost casinos $10 million. The $10 million would be used to a 15 percent state tax the casinos would owe on their online gaming revenue.
Players would have to be 21 years old to get involved, Bonacic said.
Before it becomes legal, the bill would have to be passed by the state Assembly, which is thinking about an identical costs sponsored by Assemblyman J. Gary Pretlow, D-Mount Vernon.
The Senate bill does not need the state to use the online gambling revenue for education, Bonacic stated.
Sen. Liz Krueger, D-Manhattan, who questioned Bonacic on the Senate floor about the costs for more than 30 minutes, said she might not support the expense because she believes online gambling is even more addicting than gambling in casinos.
"Whether you call it gambling or not, it's gambling," Krueger stated.
Within minutes of the vote, MGM Resorts International, which owns gambling establishments in Las Vegas, Detroit, Biloxi, Miss., and Tunica, Miss., and in other places, released a statement applauding the Senate.
"Creating a safe, regulated option for online poker players in New York would produce millions in new tax income that might be utilized for education and other crucial investments," said MGM General Counsel John McManus. "We praise the Senate for passing this practical legislation that will help secure New Yorkers who have actually for years played online poker on unprotected, off-shore poker sites that today run without any regulation, fraud controls, or age limitations."
If online poker gambling ends up being legal in New York, Bonacic said he thinks the state's racetrack casinos may partner with Las Vegas casinos to offer the web wagering.