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Playing poker to stay out of Jail?
It's true! An Albuquerque stock broker accused of fraud has struck a deal that would allow him to play poker in an attempt to win money to repay those he cheated while supporting his gambling habit.
Samuel Masters Jr has admitted to 26 counts of securities fraud, all felonies, and has come up with a way to stay out of jail, at least for now. On August 4th Masters set up a deal with New Mexico authorities that would allow him to enter poker tournaments in hopes of winning almost half a million dollar needed to repay his victims.
He will eventually have to see a judge again and could ultimately be sentenced to 12 years in prison. Since poker has been Masters only source of income after being banned from the securities business, authorities say this is simply allowing him to do his 'job'.
Masters will have to make restitution payments of $7,500 a month.
News Added: 09 August, 2010
Number of views : 1012
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Online Poker Site Of the Month |
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Pokernewstoday.com has selected Carbon Poker as the site of the month!
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Online Casino of the Month |
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We have chosen Club USA Casino as our online casino Site of the Month. Club World Casino offers a whopping 100% to $777 bonus and accepts USA Players!.
The slots are fairly loose and we have had a good run on this site over the last month...
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Disclaimer:
People from thousands of jurisdictions access the internet. It is impossible for us to stay current with the laws of every jurisdiction. Please make sure that any activities you engage in online are legal where you live.
We have reason to believe that it may be illegal to gamble online in: Illinois, Indiana, Louisiana, Nevada, Oregon, South Dakota, Washington, Michigan, New York, New Jersey and Wisconsin. If you live in one of these states, we advise you NOT to gamble online. |
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