Poker player turned con man, Ali Fazeli will spend 18-months behind bars in federal prison for cheating investors out of $6.2m in a ticket resale scam after a Californian judge dropped the gavel this week.
Money flows into poker from many tributaries, and this week we were reminded of two of them: marijuana and sporting ticket scams. A day after we reported on Micah Raskin’s guilty plea for his role in distributing marijuana from California to the trifecta of Baltimore, Washington D.C., and Virginia, we have news of another court case involving a man who liked to play poker with dodgy money.
The authorities arrested, Ali Fazeli (real name Seyed Reza Ali Fazeli), on Valentine’s Day in connection with a ticketing scam that is said to have earned him upwards of $6.2m, and this week U.S. District Judge David O. Carter handed out his sentence.
It seems Fazeli got away lightly, after pleading guilty last summer to one count of wire fraud that could have landed him in jail for 20-years. Instead, Judge Carter handed him an 18-month stint in federal prison followed by six-months house confinement. Fazeli has also been ordered to repay $7.5m in restitution, but that seems as likely as Fazeli upping sticks and joining the French Foreign Legion.