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Richard Hancock gets 16 Months in SPorts Betting Case
Thursday August 22,2013 : INTERNET SPORTS BETTING DEFENDANT PLEADS GUILTY
Californian man sentenced to sixteen months jail by Oklahoma federal court
A 68-year-old Californian, Richard Allen Hancock, was sentenced to sixteen months in prison after pleading guilty to online sports betting and money laundering charges before an Oklahoma federal court this week.
In sentencing Hancock, U.S. District Judge David Russell gave him credit for cooperating with federal authorities, but ordered him to forfeit $1.45 million in addition to a million dollars he has already handed over from a lockbox facility in his home state.
Hancock originally entered a guilty plea in March this year, admitting to being a USA bookmaker who oversaw eight to 10 subordinate bookmakers. Hancock and another man, Teddy Mitchell, were partners in the operation.
Mitchell, of Oklahoma City, pleaded guilty in July for his role in the gambling business, but said he didn't realise he was doing anything illegal.
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Pokerstars Bahamas Main and High Roller Results -
The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.
High Hopes For Pennsylvania Online Gambling -
Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.
NJ Warns No Federal Online Gambling Ban -
New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.
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