Professional golfer Phil Mickelson has been linked to an illegal sports betting ring after it was claimed that almost $3 million (€2.7 million) was laundered from the player.
According to a report on ESPN’s Outside the Lines, former bet handicapper Gregory Silveira of California agreed to plead guilty on three counts of money laundering that took place between 2010 and 2013.
Silveira, who was working for an offshore gambling organisation, admitted to laundering the money from an unnamed client, said to be US golfer Mickelson.
Court documents state that the ‘gambling client’ transferred two lump sums – $2.5 million and $275,000 – into one of Silveira’s accounts before the money was moved to other accounts owned by the handicapper.
With the exception of the state of Nevada, betting on sports is illegal in the US.
Hong Kong provides huge market for illegal betting websites South China Morning Post - Hong Kong's multibillion-dollar illegal gambling habit has been built on sports betting but increasingly sophisticated online bookmakers - operating from servers around the region - are now offering punters a dizzying array of betting options.
Now, even longer odds for New Jersey sports betting New York Business Journal - New Jersey’s plan to legalize sports betting suffered a blow when a federal court ruled that the state’s law conflicts with federal law and, therefore, cannot move forward.
According to a report by the Associated Press, a panel at the 3rd Circuit Court of […]