Hollywood film producer Bryan Zuriff plead guilty in a U.S. Federal Court last week to running an illegal online gambling business which has brought up some big names in the entertainment industry.
Zuriff admitted to running the Los Angeles side of the business, which was involved in taking sports wagers. Zuriff is facing up to 5 years in prison when he is sentenced in November. The defendant has already agreed to give up $500,000 which was generated by the criminal enterprise.
Commenting on the case U.S District Attorney Preet Bharara said, “Bryan Zuriff spanned the coasts with his crimes, by operating his own illegal gambling enterprise in Los Angeles, and helping to operate a vast illegal gambling enterprise in New York. With his plea, he becomes the first defendant, but not the last, to be convicted in this sprawling script of criminal conduct."
The government claims that the betting ring generated $100 million in revenue during its lifespan and is reported to have links in with organized crime. The large amount of money generated is due to the fact that the ring offered betting services to millionaires and billionaires.