FBI Conducts Massive Gambling Bust In New York

This story was published more than 7 years ago.

Federal agents conducted a large raid in New York City on Tuesday, arresting dozens of people who it suspects of conducting an illegal online gambling operation and money laundering.

The group of people detained are allegedly connected with a Russian organized crime ring, who supposedly conducted illegal high stakes poker games with celebrities, athletes, and Wall Street Brokers.

Among the arrested are billionaire Hillel Nahmad, who owns a large art gallery at the Carlyle Hotel in New York City. He is suspected of being connected to a $50 million money laundering scheme which is connected to the poker games.

Professional poker players Bill Edler, Peter Feldman, Abe Mosseri, Joe Mancuso, Vadim Trincher, John Hanson and Eddie Ting were also named as defendants in the case. They all face money laundering and illegal gambling charges.

In all, 84 people were named in the federal indictment, which can be read at: http://www.scribd.com/embeds/136273996/content?start_page=1&view_mode=sc...

Some of the defendants are also accused of running an illegal sportsbook. Several other organizations stand accused of laundering millions of dollars to move money through Cyprus firms and American banks.

It is still not known how internet gambling plays into the case, but Casino Listings will keep up on this story and update it as we learn more information.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.