Canadian Man Pleads Guilty to Running Illegal Gambling Ring

This week a Canadian man pleaded guilty to running an illegal sportsbetting site that generated more than $100 million in a five year period.

David Hair ran the sportsbetting group Platinum Sports Book, which had several online gambling sites that were based out of Costa Rica. The ring had bookies spread out across Canada, and a clientele of thousands. The ring was also tied in with organized crime, and ran out in the open for the most part.

The ring was busted in 2013 when Platinum had a Super Bowl party for their loyal customers. The party was raided by police and Hair and his associates were taken into custody. A raid on the defendant's home found $680,000 in cash as well as other evidence.

Hair, who lives in London, Ontario, will go to prison for two years and will fork out $3 million in fines.

No comment on the plea was available from the ringleader as of press time.