Internet gambling mogul surrenders $300m in guilty plea
An internet tycoon who made billions of dollars building an online gambling empire has agreed to forfeit $300m after pleading guilty to violating the US Wire Act.
Anurag Dikshit, co-founder of Gibraltar-based PartyGaming, entered the plea Tuesday in US District Court in Manhattan. A lawyer for Dikshit told US District Judge Jed Rakoff that over time his client developed "a growing awareness of the illegality" of offering online poker and other games of chance to residents of the US, according to news reports.
The company stopped accepting wagers from people based in the US after lawmakers barred US credit card companies from accepting payments for bets
But by then, the damage was already done. According to federal prosecutors, Dikshit "unlawfully, willfully and knowingly used a wire communication facility for the transmission" to take bets. A "substantial majority" of PartyGaming's customers are based in the US, according to court documents. About 85 percent of the company's 2005 revenue came from Americans.
Dikshit, 37, has already surrendered $100m to the feds. He is scheduled to make his next $100m payment in three months and his final installment is due in September.
He faces a maximum sentence of two years in prison and a fine of $250,000 at sentencing, which is scheduled for December 2010. ®
anyone can walk into a shop and buy an M16 assault rifle _yet_ having a game of cards over the internet is illegal!
Really m16 is full auto, try buying that in NY, oh yeah try buy an AR15 in California. Oops you cant.
Thanks for playing .
Thats an unfortunate name, but...
aint a patch on one Mr. Randy Bumgardner.
Listen up yank!...
This is where your country has got it so very wrong. Anyone who hasn't (yet) murdered anyone can walk into a shop and buy an M16 assault rifle _yet_ having a game of cards over the internet is illegal!
Do you really think that guns can protect you from an oppressive government when you don't even have the freedom to gamble _your_ money and half the time you can't get into a bar without an ID card? I'm living in New York (temporary, can't be helped!) which is one of your more liberal cities, and I'm telling you now you are not even nearly as free as us 'eurotrash'.
What is more, you _are_ bullies as the entire rest of the world will attest. You no doubt will disagree or claim you have a god given right to do what you want internationally, whatever, I'm just telling it how the other 94.9% of the world sees it.
And don't give me this "we've sacrificed our industries, our technologies to allow your economies to benefit" rubbish, no you fucking haven't! Nobody made you buy any of 'our' stuff, or don't they teach you about capitalism in American schools?!
People pay what a thing is worth to them. You benefit from receiving goods just as I benefit from selling them and vice versa. It doesn't matter two shits to you if 'we' double tariffs or half them, the only people we could harm in anything approximating a free market would be ourselves. Honestly it's not 1750 anymore, we don't have an empire or a monopoly on shipping or cotton or slaves so, for as long as you or I have been alive we have both had the same 3 options...
1) Pay the asking price
2) Don't buy the stuff
3) Turn to any other number of suppliers.
Now please explain in detail how that equates to you sacrificing dick all?! If your economies in the shit it's YOU OWN FAULT buddy. Honestly, making out it's down to your sheer altruism? The vanity!
PS: Anonymous coward - quite.