"A flashy, high-rolling north suburban gambler once purportedly poised to “emerge as America’s leading sports bettor” has been charged in a $9.6 million wire fraud scheme in federal court in Chicago, records show."

He has a hendon mob with various cashes over the last few years.

https://chicago.suntimes.com/crime/2...ud-bigrobstyle

Well that escalated quickly-from 950k to 8.7ml. I'm guessing his investor hasn't seen many episodes of American Greed or heard of Charles Ponzi

sports betting will be a lot of this

Sort of lol'd at all Vegas casinos banning him the moment after the feature. How does he not realize that would happen. Sigh

Also, nice feeling in the pit of your stomach knowing you've just been spending a guys money on consumption and lying and lying and lying. Probably was hoping for a random huge score to get even - because after all, do you get ****ed harder for stealing $10MM than for stealing $1MM? Probably not I'd guess? Maybe people who do these kinds of things don't ever get that feeling in their stomach though I suppose

not too much sympathy with whoever gave this 20yo 10mill to "invest"

How could anybody read the USA Today article on him (linked in the Tribune article) and not think this guy was a complete fraud. Good god.

https://www.usatoday.com/story/sport...ing/948611001/

Why did Vegas ban him after the USA today story? Thought they loved suckers like him

Pretty funny read tbh. Hilarious that the casinos banned him after that article, if they really did

say the words 'point shaving' to a national news network and then go try an place a big bet in a Nevada casino.

He also has probably never seen the youtube vid of lawyers telling you to STFU.

https://www.youtube.com/watch?v=7XeJJtgbm2s

Lol. When I read that trainwreck of an article I was wondering the same thing. Would guess maybe he wasnt banned. Article was pure gold tho... What a jerk off

So this guy also got charged years ago for bilking a son and daughter out of 100k using the same ploy. They took him to court, won and he was ordered to pay $55k. From what I’m reading online he never paid that amount. I would assume that since this isn’t his first run in his penalty will he harsher than if it was his first time. What I’m wondering tho is what is the penalty for mis using investor funds? Doesn’t sound like wire fraud or tax evasion covers that. Is what he did to the investor only applicable in civil court?

But all that aside, his irs issues will likely haunt him for life. Even if he manages to escape jail time and continues to welch on ‘investor a’ he will likely be a lifetime slave to the irs. This guy is not very bright just a common manipulator. Now that his facade is blown he’ll have trouble getting any job that requires the least amount of trust. So I see it likely this guy working a garbage job to stay out of prison while at the same time having lots of that garnished to pay the irs and investor a. He difference between you or I getting tax evasion issues is this guy was dealing with amounts of money he’ll likely never even come close to seeing again. For that reason he will never escape this debt

and he will be working that garbage job with an IRS fist up his ass

In before Ben Mezrich writes a book about this guy, all with the narrative that he is a brilliant entrepreneur who was screwed over by government overreach or something like that.

At the State level, we would likely call it Misapplication of Fiduciary Property. However, at the federal level, the wire fraud applies given the funding orders crossed State lines.

The Tax Evasion charge would be separate and distinct even though the events giving rise to the charge stem from the same underlying conduct. Various money laundering charges likely are also chargeable.

Bottom line is that he is screwed and the only question is how many hundreds of months he gets sentenced to which will be served at an 85% rate (feds no longer have parole as the general public tends to recognize that manner of discretionary release).

The taxes will be far less than the amount ordered for restitution on the criminal judgment. But yeah, no discretionary funds for the balance of the lifetime...

https://www.google.com/amp/s/patch.c...n-fraud-scheme
Sentencing looks like 5-7 years. Owes 7.1mil to investor and 2.5 mil to irs before any penalties.

Also an eerily similar story I unrelatedly stumbled on https://qz.com/1797589/crypto-ponzi-...YPL&yptr=yahoo

"Kryp+0 K!ng" - yes let's send our money to a guy nick naming Kryp+0 K!ng to invest. He's surely +EV in the field

Deserves more love.

Anyone more savvy than I am able to look up what his sentencing was? It was scheduled for late April but maybe post poned due to virus

I remember reading this article when it came out. It seemed like this guy had no understanding of keeping some stuff private. And outing famous athletes and celebrities and musicians like that? I was like what a POS. Plus wasn't that around the start of the #me too movement? So much of the article talking about females like they are pieces of meat for the dude smh. Not surprising he was a major fraudster.

Wasn't there a poker player who ran a debt collection company that defrauded lots of people? It was 3 times the amount this dude is accused of I believe. I think it was around 28 mil or maybe it was 22 mil. Anyways he plead guilty and got 8.5 years. So this dude yeah will probably get 4-6 year sentence.

Travell Thomas

Thx. Can't see this guy getting more than 5 years based on what Thomas got.

Definitely had an edge

From my area.Played with him a few times, definitely was an arrogant tool who liked to brag/show off. That amount wasn't all him though, I believe that was the amount total his companies collected on. Still, it was a large sum that personally went to him. Tried using the gambling problem excuse at sentencing and it somewhat worked as he got under the guidelines.

Sentencing postponed until July 31 under Emergency Orders associated with 'rona.