New York Gambling Ring Mastermind Granted $10 Million Bail

This story was published more than 11 years ago.

One of the defendants in a large US federal poker ring was granted $10 million bail by a federal judge and could be out of jail soon.

Vadim Trincher was granted the bail by Manhattan based Federal Judge Jesse Furman last week. The granting of the bail was controversial, as federal prosecutors allege that Trincher has money stored around the world which he could use if he were to leave the country.

The case made international headlines after it was revealed that Trincher may have laundered more than $50 million through shell companies and illegal poker games in order to fund organized crime activities. Trincher is one of the many well known names on a list that includes Bill Edler, John Hanson, and Molly Bloom.

If convicted of the charges, Trincher could face dozens of years in US federal prison.

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.