Alledged Pinnacle sports shareholder enters lesser plea

A case going back to the end of 2012 has been wrapped up for at least one of the indicted, Philanthropist Stanley Tomchin.

Our readers will recall the indictment of 25 people in November 2012 by the Queens County (NY) District Attorney’s Office, where a group was accused by US Authorities of creating a racketeering organization for the purpose of running illegal gambling operations in excess of $ 50 million.

It was claimed at the time that three of the defendants Brandt England, George Molsbarger and Tomchin had ownership interests in Pinnacle Sports’ offshore online sports book.

Tomchin faced up to 25 years in prison on 56 felony counts, however, was permitted to resolve the case by pleading guilty to a class B demeanour earlier this week.  The 56 felony counts were dismissed.

Counsel for Tomchin said: “The District Attorney’s Office began this case with an exaggerated press statement that sought to portray Mr. Tomchin as a gangster kingpin.

“Their willingness to resolve the case with a plea to a class B misdemeanor shows that those claims were no more than a smoke and mirrors façade designed to hide a case with weak evidence.”

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