Helly Nahmad Pleads Guilty to Illegal Gambling

November 14th, 2013

Manhattan dealer Helly Nahmad has plead guilty to operating an illegal gambling ring, the Daily News reports.  Arrested earlier this year in a massive sting operation that nabbed 33 suspects, Nahmad’s plea deal is anticipated to include a fine of around $6.4 million, as well as a potential 12 to 18 months behind bars.  “It started as a hobby,” he said in court. “Unfortunately, it became a business. But it was never my main business.”Read more at New York Daily News