Poker Pro Loses Most of World Series Winnings Over Gambling Promotion

Richard Henry Lee is a well known poker pro who made his fame back in the 2006 World Series of Poker main event by placing sixth.

Now, he will be known for another reason after he is close to striking a plea agreement with the state over an illegal gambling scheme.

The scheme was that Lee used a website for players to make wagers on various sporting events. The website claimed to be overseas, but the reality was that the operation was being run out of Lee's house.

Lee claims that he won $2.7 in the World Series and that is the number that police seized from him when they raided his house.

According to the terms of the plea agreement the split would allow for the defendants to recover 20 percent of the money that was seized and all of their possessions that were seized. They will also avoid jail time if they complete the deal as expected.

The website that was being used was betbsbnow.com, and the site pretended that it was offshore when, in fact, Lee's house was the center of the illegal operation.



2007-10-07