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$5.4 billion gambling ring busted

5.4 billion gambling ring busted

Eighteen men have pleaded guilty for admitting their involvement in illegal gambling activities. The undercover investigation began in 2006 against a gambling site based in North Texas suspected to have received $5.4 billion in illicit bets on both professional and college sport events.

After a five year investigation, the men pleaded guilty to numerous activities such as: tax evasion, illegal gambling and money laundering.  A  $4.8 million check has presented to the police by federal authorities at a news conference in Dallas for damages.