A federal jury in Oklahoma City convicted three Florida men and a Florida corporation today for their participation in an illegal international gambling and money laundering enterprise.
Two brothers have been charged by the U.S. District Court in Nevada in connection with a U.S. Attorney's Office investigation that included the former offshore rebate shop International Racing Group.
The charges and countercharges battle between the New York Racing Association and New York Attorney General Eliot Spitzer continued June 24, with NYRA charging the state's chief law enforcement agent "does not understand NYRA's operations," and that he made "no attempt" to make his damaging report balanced.
State officials should consider removing the New York Racing Association as operator of Aqueduct, Belmont Park, and Saratoga racetracks for ignoring and covering up an empire overrun with employee corruption that includes cheating of its customers, New York Attorney General Eliot Spitzer has charged.
New York regulators on Friday revoked the licenses of the former New York Racing Association pari-mutual clerks who last year pled guilty to various charges stemming from a money-laundering probe at NYRA's three racetracks.
Three former New York Racing Association tellers who offered to launder money to undercover police posing as cocaine dealers pleaded guilty to multiple counts of attempted laundering and conspiracy that could land them lengthy prison sentences.
The House of Representatives Wednesday night passed money-laundering legislation that didn't include provisions to limit Internet gambling. The provisions offered by the House Financial Services Committee were opposed by the credit-card industry.
The state and federal probe of an alleged money-laundering operation and tax-cheating scheme at New York Racing Association tracks could stretch on for months, law enforcement sources said.
- By Tom Precious
Money-laundering, ties to organized crime alleged in investigation into the handling of money at New York Racing Assocation tracks.
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