A former branch manager at a Manhattan bank has become the nineteenth defendant to plead guilty for his involvement in a high stakes illegal online sports betting business connected to organized crime enterprises in New York.
Ronald Uy plead guilty on Monday before US District Judge Jesse Furman in Manhattan federal court to assisting Illya Trincher, a leader of the international sportsbook with ties to Russian-American organized crime, with structuring financial transactions.
Trincher pled guilty earlier this month in connection with his leadership role in the operation of a high-stakes illegal sports gambling business.
Uy was charged in April 2013 along with 33 other alleged members and associates of two Russian-American organized crime enterprises in an indictment that included racketeering, money laundering, extortion, and various gambling offenses.
Preet Bharara, the US Attorney for the Southern District of New York, said: “Ronald Uy consorted with Illya Trincher, a leader of a high-stakes gambling operation with ties to Russian-American organized crime, and broke the law when he aided Trincher in concealing the enterprise’s ill-gotten gains.
“But thanks to the efforts of law enforcement, Uy, like the 18 others before him, has admitted his guilt and now stands convicted.”
According to the indictment, Trincher and co-defendant Hillel Nahmad ran a high-stakes illegal gambling business that catered primarily to millionaire and billionaire clients.
Their business utilized several online gambling websites that operated illegally in the US to generate tens of millions of dollars of sports bets each year.
Uy was a branch manager at a bank in Manhattan, and assisted Illya Trincher on several occasions in structuring deposits so as to avoid triggering reporting requirements at the bank.
He faces a maximum of five years in prison and three years of supervised release, and is scheduled to be sentenced by Judge Furman on March 27th 2014.
Uy is the 19th defendant in this case to plead guilty. The defendants who have pled to date have agreed to forfeit, in total, more than $66.0m.
The following defendants previously pled guilty and await sentencing:
• Bryan Zuriff pled guilty to gambling charges on July 26th
• William Barbalat pled guilty to gambling charges on August 14th
• Kirill Rapoport pled guilty to gambling charges on August 16th
• Edwin Ting and Justin Smith pled guilty to gambling charges on September 4th
• Dmitry Druzhinsky and David Aaron pled guilty to gambling charges on October 4th
• Alexander Zaverukha pled guilty to gambling charges on October 10th
• Nicholas Hirsch pled guilty to conspiring to commit wire fraud on October 16th
• Anatoly Shteyngrob pled guilty to conspiring to commit money laundering on October 17th
• Yugeshwar Rajkumar pled guilty to gambling charges on October 18th
• Stan Greenberg pled guilty to conspiring to commit racketeering on October 22nd
• Arthur Azen pled guilty to conspiring to commit money laundering and conspiring to collect extensions of credit by extortionate means on November 5th
• Hillel Nahmad pled guilty to gambling charges on November 12th
• Vadim Trincher pled guilty to conspiring to commit racketeering on November 14th
• Eugene Trincher pled guilty to gambling charges on November 14th
• Anatoly Golubchik pled guilty to conspiring to commit racketeering on November 15th
• Illya Trincher pled guilty to gambling charges on November 15th