Phil Mickelson Linked To Illegal Money Laundering Scheme
The issue of illegal sports betting is the U.S. is a contentious one. Currently sports betting is officially only legal in the state of Nevada but with fantasy sports betting thriving with companies like DraftKings and FanDuel, many point out the fact that in reality this is a legal form of sports betting.
In an interesting story it was reported that five time PGA Tour Major Champion Phil Mickelson has been linked according to ESPN to wiring nearly $3 million to “an illegal gambling operation which accepted and placed bets on sporting events.”
According to reports Gregory Silveira of La Quinta ran an offshore gambling operation and plead guilty of laundering nearly 3 million of money which allegedly belonged to Phil Mickelson. The money was laundered from an “unnamed gambling client” between February 2010 and February 2013. Silveira faces up to 60 years in prison and will be sentenced on October 5.
Mickelson is unlikely to be charged as federal law focuses on those running the gambling operations and not the source of the money. Mickelson has been under fire from the PGA tour for gambling before when he wagered $25 at 20 to 1 that Jim Furyk would sink a shot.