Prominent sports bettor David Oancea, known in gambling circles as “Vegas Dave,” pleaded guilty Monday to a misdemeanor in federal court.
He originally faced 19 felony counts after to open player accounts at casinos. The alleged crimes occurred between February 2015 and February 2016 and involved transactions that amounted to more than $1.2 million.
Oancea, 42, resolved the case by admitting to causing a violation of record keeping and procedures.
The charge carries a maximum sentence of five years’ probation. His attorney, Richard Schonfeld, agreed to argue for no less than three years’ probation at a May sentencing hearing.
Oancea also has agreed to relinquish more than $550,000 in a related civil forefeiture, according to his lawyer.
Prominent sports bettor David Oancea, known in gambling circles as “Vegas Dave,” pleaded guilty Monday to a misdemeanor in federal court.
He originally faced 19 felony counts after to open player accounts at casinos. The alleged crimes occurred between February 2015 and February 2016 and involved transactions that amounted to more than $1.2 million.
Oancea, 42, resolved the case by admitting to causing a violation of record keeping and procedures.
The charge carries a maximum sentence of five years’ probation. His attorney, Richard Schonfeld, agreed to argue for no less than three years’ probation at a May sentencing hearing.
Oancea also has agreed to relinquish more than $550,000 in a related civil forefeiture, according to his lawyer.
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