03/01/2012 : HELLINGER ADMITS TO ILLEGAL MONEY TRANSMITTING
Another processor admits guilt
Details are still sparse, but it appears that another American alleged to have been involved in online gambling financial transactions as a processor pleaded guilty in a Philadelphia court Wednesday.
Don Hellinger reportedly entered a guilty plea on a charge of “operating an illegal money transmitting business” in a case that surfaced over a year ago in DoJ filings.
Sentencing is set for May 29.
Over a year ago Hellinger, then a magazine publisher, was charged with illegally transferring and laundering money by the United States Attorney’s Office in Philadelphia.
Hellinger – along with six others – allegedly illegally distributed over $40 million in Internet gambling winnings through a company called Payment Processing, Inc.
The incidents in question occurred during 2005 and 2006. During that time the company was also charged with running a telemarketing scam, in which it would get people to give their bank account numbers in exchange for falsely promising extra Medicare coverages.
If found guilty of the gambling charges, Hellinger and his associates could face up to 91 years in prison, the media reported at the time.