|Online Gambling Billionaire Calvin Ayre Pleads Guilty
||Sat, 15 July 2017 08:15
| Drew Martin
Registered: August 2014
In what can only be considered a victory for Calvin Ayre, the former online gambling billionaire pleaded guilty on Friday to a misdemeanor charge, resolving a five-year criminal case in which federal prosecutors pursued felony charges against Ayre and the company he founded, Bodog Entertainment Group.|
According to a criminal information filed in federal court in Baltimore, Ayre admitted to an accessory after the fact charge related to the transmission of gambling information in violation of the federal Wire Act. At the same time, federal prosecutors dropped the felony charges they had filed against Ayre, Bodog and three other Canadian men.
Ayre, 56, pleaded guilty to the misdemeanor charge today by telephone from his lawyer’s office in Vancouver, participating in a hearing that took place in Baltimore’s federal court. A Canadian citizen, Ayre never came to the U.S. to face the charges filed against him. In addition, Ayre reacquired the domain name for Bodog that had been seized by federal prosecutors as part of the criminal case through a payment of $100,000.
Judge Catherine Blake sentenced Ayre to one year of unsupervised probation and a $500,000 fine. Ayre also agreed not to make any claim against $66 million that had mostly belonged to U.S.-based gamblers and had been previously seized by federal prosecutors from payment processors in a forfeiture proceeding related to the case. "Ayre personally ensured that any Bodog brand player was made whole," according to a court document filed by federal prosecutors.
“Mr. Ayre is pleased with the outcome of this case. He is even more pleased that this five-year ordeal is finally over for him and for the others who were charged
https://www.forbes.com/sites/nathanvardi/2017/07/14/former-o nline-gambling-billionaire-calvin-ayre-pleads-guilty-to-misd emeanor-charge/#1430388253e3
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