PartyGaming founder receives one year probabtion in New York court
In the case of one of the founders of online gambling giant, Party Gaming plc, Anurag Dikshit (39), initiated two years ago, a New York District Court finally handed down a verdict.
To start with, after he left the company, Dikshit independently negotiated a plea deal to enter a co-operation with US Department of Justice officials in regards to an investigation they were conducting. On the occasion he made a payment of $300 million in order to clean his personal slate, thereby delaying the sentence for two years.
It was reported by Forbes news that the New York District Court Judge Jed Rakoff sentenced Dikshit to one year’s probation but also expressed wonder why other prosecutions had not come before the courts - “Nobody else has been indicted,” said Judge Rakoff. “It has been two years since this defendant began co-operating, what’s going on?”
He was answered by Assistant U.S. Attorney Arlo Devlin-Brown, who stated that the investigation remains ongoing, adding that stated "there are challenges in this prosecution". In addition, Dikshit's legal representative, Mark Pomerantz, commented that he and his colleagues had discussed the confusing circumstances surrounding the case “hundreds of times.”
Pomerantz also underlined that Dikshit’s made the $300 million payment, adding that as a citizen of India with no ties to the U.S., he had originally been given legal advice that it was unlikely he would be charged, and even that if he was charged the chances of extradition were slim so “the acceptance of responsibility is extraordinary. He wanted to square his accounts with the U.S.”
After this issue, the US Justice Department and PartyGaming reached a settlement regarding its pre-UIGEA activities for $105 million. However, co-founders Ruth Parasol DeLeon and Russell DeLeon were not charged and as far as is known have not reached any settlement with the US authorities.
Since he sold his shares in PartyGaming, Dikshit is no longer related to the company; however the shares earned him a reported $450 million, allowing him to spend time on his Charity Foundation, Kusuma Trust.