Internet gambling tycoon gives up $300M in plea
Headline Legal News
A co-founder of an Internet gambling company and one of the world's richest people pleaded guilty Tuesday to violating the federal wire act and agreed to forfeit $300 million as part of a cooperation deal.
A smiling Anurag Dikshit, of the British colony of Gibraltar, entered the plea in U.S. District Court in Manhattan to charges that he used the Internet to transmit interstate and foreign wagering information. The charge carries a potential prison term of up to two years.
The 37-year-old citizen of India is the co-founder of PartyGaming, a Gibraltar online gambling company that offered casino and poker games and catered to a U.S. audience.
Dikshit signed a cooperation agreement and prosecutors indicated they may eventually submit a letter to the judge asking for leniency.
Dikshit and defense lawyer Mark Pomerantz declined to comment.
Prosecutors said in a release that Dikshit developed a proprietary software platform and directed the company's computer operations from 1998 through October 2006, when he also was PartyGaming's principal shareholder.
Bail was set at $15 million, but Dikshit was not required to post any cash or property, prompting Judge Jed S. Rakoff to ask what incentive Dikshit had to attend future court dates.
But prosecutors and Pomerantz agreed that Dikshit had demonstrated his desire to cooperate, in part by already paying $100 million to the U.S. Treasury and pledging to pay another $100 million within three months and the last $100 million installment by Sept. 30.
"Mr. Dikshit decided to come to the United States to enter the plea under his own volition. He's been interviewed in Europe. We believe Mr. Dikshit is dedicated to following through," Pomerantz said.
Forbes magazine estimated Dikshit's worth last year at $1.6 billion, making him the 618th richest person in the world.
Related listings
-
Ill. gov. says ready to tell his side of scandal
Headline Legal News 12/16/2008Gov. Rod Blagojevich said Wednesday he is ready to tell his side of the scandal to the people of Illinois and that he would do so no later than Thursday."I can't wait to begin to tell my side of the story and to address you guys and, most importantly...
-
Oklahoma files appeal in poultry litter case
Headline Legal News 12/14/2008Oklahoma is again hoping to stop 13 Arkansas-based poultry companies from disposing of bird waste in the Illinois River watershed.The state's 61-page appeal of an earlier judge's ruling was filed late Monday with the 10th U.S. Circuit Court of Appeal...
-
Ill. corruption figure Rezko sentencing set Jan. 6
Headline Legal News 12/02/2008A federal judge in Chicago has set a Jan. 6 sentencing for political fundraiser Tony Rezko, who helped bankroll the campaigns of Barack Obama and Gov. Rod Blagojevich (blah-GOY'-uh-vich).Defense attorney Joseph Duffy says Rezko just "wants to get on ...
Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.