Feeds

Internet gambling mogul surrenders $300m in guilty plea

Party's over

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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. ®

New hybrid storage solutions

More from The Register

next story
Google recommends pronounceable passwords
Super Chrome goes into battle with Mr Mxyzptlk
Infosec geniuses hack a Canon PRINTER and install DOOM
Internet of Stuff securo-cockups strike yet again
Snowden, Dotcom, throw bombs into NZ election campaign
Claim of tapped undersea cable refuted by Kiwi PM as Kim claims extradition plot
Reddit wipes clean leaked celeb nudie pics, tells users to zip it
Now we've had all THAT TRAFFIC, we 'deplore' this theft
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
TorrentLocker unpicked: Crypto coding shocker defeats extortionists
Lousy XOR opens door into which victims can shove a foot
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.