Saturday, 18 December 2010

How Indian ex online poker billionaire avoided jail in US

Online Poker: Your Guide to Playing Online Poker Safely & Winning MoneyHow Indian ex online poker billionaire avoided jail in US: "Thanks to confusion over how US law applies to online poker, Anurag Dikshit, a former Indian online poker billionaire, has escaped with only one year of probation and no jail time.
Dikshit, 39, an Indian citizen had travelled from his home in Gibraltar with a one-way ticket to New York to attend Thursday's sentencing hearing in a US court, where he faced a maximum of two years in prison, Forbes reported.

He pleaded guilty in 2008 to one count of violating the federal wire act and agreed to forfeit $300 million. As part of his original plea deal, Dikshit agreed to cooperate in an ongoing investigation with federal prosecutors, who did not seek any jail time.

'I came to believe there was a high probability it was in violation of US laws,' Dikshit was quoted as saying of his work at PartyGaming, the online poker company that he helped build, at the court hearing when he pleaded guilty in 2008."

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