Poker pros Micah Raskin and Ali Fazeli face jail sentence
Two of the well-known American circuit players Micah Raskin and Ali Fazeli are facing jail sentences. Both had been on the wrong side of the law in the past. Raskin has pleaded guilty to charges trafficking marijuana and has oils in large quantity in the Baltimore area, while Fazeli also pleaded guilty to a charge of conducting a ponzi scheme involving sports tickets.
Raskin’s home and a storage locker was raided by a multi-jurisdictional investigation. The authorities later confiscated 358 pounds of marijuana, as well as hashish oils and paraphernalia, weapons and some illegal vehicles.
In total, the authorities seized about $1 million worth property owned by Raskin. The District Attoreny of New York, where the Raskin hails from, described him as a “supplier of large amounts of marijuana and hash oils to the Baltimore area.”
Raskin, who has nearly $2 million in live cashes, is now facing a possible 8 years in prison in addition to numerous fines. Raskin opted to plead guilty and will now be hearing from the court in coming weeks about the judgment. A story in The Baltimore Sun read that Raskin admitted to “trafficking hundreds of pounds of marijuana from a grower in California. He's taking responsibility for his action.” The minimum jail sentence for his crime is 5 years and he’ll reportedly begin his sentence in June 2019.
Coming to Fazeli, he was involved in a high-dollar ponzi scheme targetting sports enthusiasts. His masterminded plan included reselling sports tickeks under a company called ‘Summit Entertainment’. Reports say that he had begun this in 2015 and stretched it to 2016. He collected over $6 million in investment money and duped the likes of John Juanda, Erik Seidel and Zachary Clark. The latter two invested $500k apiece into the fateful scheme.
Authorities say Fazeli may have ended up using the illegally earned money to play in ARIA events, where he cashed to the tune of $2 million starting Nov. 2015 to Dec. 2016, including 3 wins and seven 7-figure amounts. Earlier, Fazeli had pleaded guilty to one count amounting to wire-fraud felony in his home state of California. Last Wednesday, he received an 18-month prison sentence and a 7.5 million restitution order.
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