An American man has plead guilty to operating an illegal money transmitting business in relation to helping process illegal online gambling transactions.
Don Hellinger plead guilty to the charge in Philadelphia court on Wednesday. Hellinger is one of seven people charged with illegally moving more than $40 million in online gambling funds through a company named Payment Processing, Inc.
In addition to laundering money, Payment Processing Inc. was also charged with operating a telemarketing scam in which it would promise victims extra Medicare coverage in exchange for banking information.
When he is sentenced on May 29th Hellinger and his associates may face up to 91 years in prison.