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Colorado Man Arrested For Running Illegal Online Gambling Ring

A 62 year old Colorado man was arrested by police after a grand jury indicted him on charges of internet gambling related racketeering. The case is reportedly related to an Oklahoma case wherein five defendants were names.

Larry Kyle Richardson was arrested in Boulder County last week, charged with running an illegal online gambling ring between January 2010 and January 2013. During the investigation, the Colorado Bureau of Investigation recovered checks worth roughly $300,000 from gamblers who were playing through the ring.

The charge levied against Richardson is a Class 2 felony in Colorado, and could carry a stiff prison sentence. Richardson remained jailed as of the publishing of this article, as his bond was set at $50,000.

Police allege that the defendant gave a percentage of his revenues to Richard Hancock, who was indicted in a similar case out of Oklahoma. The indictment also named Teddy Mitchell, Dryden Mitchell, Roger Antablin, and Gary Gibb as potentially getting money from Richardson. All of those names are also tied to the Oklahoma case as well.