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Two Men Charged in Multistate Gambling Ring15 September 2000PORTLAND, OREGON – Sept. 15, 2000 – As reported by The Associated Press: "Arrests in Portland and Los Angeles cracked what federal agents are calling a multistate gambling ring that sometimes took in bets totaling $100,000 a week, according to court documents made public this week. "Cuong Van Ly, of Portland, and Jim Thi Yip, of Los Angeles, are charged with running the illegal gambling business that took bets on basketball and football games, FBI agents said. "Profits came from charging 10 percent interest on bets placed by those who lost. "…Arrests in the case are also expected in North Carolina and Washington, said FBI agent Dan Wright, who heads the agency's organized crime and drug squad in Portland. "…Investigators discovered the scheme when an informant tipped them off in September 1999. The FBI then had the informant place bets with Ly and got warrants to search Ly's garbage cans. They also tracked incoming and outgoing phone calls, and soon had enough evidence to obtain a court-ordered wiretap on Ly's phone from Jan. 5 to Feb. 1. "…In 1995, Yip was found to be involved in underground casinos in Charlotte, N.C. and cooperated with an FBI investigation there. In January 1997, he pleaded guilty and was sentenced to three years' probation for his involvement in illegal gambling in Kansas City, Mo…" |