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No word yet on the fate of Darren Wright, the 43-year-old head of defunct online gambling company BetED.com and ThrillX.
Wright was caught up in a sting operation organized by the US Attorneys Office in Baltimore resulting in charges of money laundering and aiding and abetting of an online gambling business back in May of last year. The investigation took place over a nearly two-year period.
Wright plead guilty to one of two charges and was arraigned on Monday. The sentencing, however, is under seal, Gambling911.com can reveal. Access to this information through Pacer was not permitted for public viewing. That said, it is likely the terms will be announced shortly via Wright's legal team.
While the US Attorney’s Office was able to grab all of the funds held by the phony payment processor, a good chunk of the millions of dollars ordered seized by foreign banks has reportedly disappeared.
“The US Feds can only request foreign banks to seize these funds but the process usually takes up to a year and, during this time, the defendant (defendants) typically have full access to those accounts,” a source tells Gambling911.com.
- Chris Costigan, Gambling911.com Publisher
