New York online poker ring – Two more guilty pleas entered.

By RP, November 15, 2013

The New York “art gallery” illegal gambling ring takedown resulted in further confessions Thursday when defendant Vadim Trincher and his son Eugene entered guilty pleas regarding illegal gambling and participating in a racketeering conspiracy that allegedly processed tens of millions of dollars of wagering proceeds through banks in Russia, Cyprus and the United States.

The father and son team appeared before Judge Jesse M. Furman in a Manhattan federal court just days after another principal defendant, Helly Nahmad, pleaded guilty in the same case (see report earlier this week).

Vadim Trincher entered a guilty plea on the racketeering conspiracy charge, whilst his son Eugene admitted guilt on illegal gambling accusations.

Trincher senior was described by federal investigators working on the case one of the principal defendants who oversaw the high stakes sports gambling facet of the gambling ring’s activities, an illegal enterprise that serviced wealthy gamblers from the Ukraine and Russia. In addition to his guilty plea, Trincher agreed to forfeit property assets and cash to the value of $20 million.

Eugene Trincher (27) admitted to operating the high stakes poker operation of the ring over a three year period.

The men will be sentenced on March 4 and 20 respectively, and were the fifteenth and sixteenth members of the ring to enter guilty pleas. A total of 34 individuals were arrested and charged by the FBI in the April 2013 raids.