October 19th, 2007

Ricahrd LeePoker Pro Richard Lee finished 6th in the 2006 World Series of Poker Main Event, which earned him $2.8 million. Nearly two weeks after the tournament Lee’s house was raided in San Antonio, Texas and his $2.8 million was confiscated.

Lee and his two cronies were arrested for running an illegal gambling and sportsbook operation from Lee’s house. If they were convicted they would have to pay a hefty fine and may also receive jail time.

Lee and his partners were running a larger then suspected operation. His house and operation was being investigated for several months as it was processing millions of dollars in bets and wagers. There was also an online gambling site set up to make it appear that the operation was being operated offshore.

Just last week Lee entered a no contest plea to charges of keeping a place for illegal gambling. Under Texas law this a misdemeanor, which means that Lee’s $2.5 million will not be returned, which was seized during the raid. However, Lee will now be able to avoid jail time by entering the plea bargain.

After the plea was finalized Richard Lee was asked what his plans include for the future. His response was, “I guess I just got to get out to Las Vegas and win a poker tournament.”

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