Judge sentences BetGrande.com bettors to pay $4.2m forfeiture

U.S. District Judge Richard Boulware has imposed sentences to BetGrande bettors on charges of illegal bookmaking and a bid to avoid federal reporting requirements.

Nevada sports bettor Glen Cobb has been slapped with a one-year probation for his role in Lycur—the now defunct the Cobbs company that ran the illegal betting operation and placed bets across state and international lines on www.betgrande.com.

The probationary period will allow officers to monitor Cobb’s computers to ensure that he does not place illegal wagers with any international bookmaker. His octogenarian parents Charles and Anna Cobb and stepdaughter Monica Namnard will not undergo any probation but, along with Cobb,  were ordered to share payment for $4.2m forfeiture.

Federal prosecutors argued in court papers that the Cobbs should be banned from entering the casinos as it would be like “letting the fox back into the hen house” but Boulware decided in favor of defense lawyers saying that by doing so would take away the family’s livelihood as most of the wagering was done legally at Las Vegas casinos.