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Poker Player Cries as He Admits Massive Debt Collection Scam
Source: Associated Press
Poker Player Cries as He Admits Massive Debt Collection Scam
By LARRY NEUMEISTER, ASSOCIATED PRESS NEW YORK — Nov 1, 2016, 7:14 PM ET
One of the nation's top card players lost his poker face on Tuesday while pleading guilty in a $31 million debt collection scam.
Travell Thomas, a past winner of World Series of Poker tournaments, cried repeatedly as he entered the plea in federal court in Manhattan to conspiring to commit wire fraud and wire fraud. The 38-year-old suburban Buffalo resident agreed not to challenge any sentence less than 15 1/2 years in prison or a forfeiture order of up to $31 million when he is sentenced in February.
Thomas said he violated the law when he encouraged employees of his Buffalo-based debt collection business to make false threats and representations to force thousands of people nationwide to resolve debts.
"I knew what I was doing was wrong and violating the law," he told U.S. District Judge Katherine Polk Failla.
Prosecutors said victims sometimes paid more than they owed after they were warned that they might be arrested if they didn't immediately pay off debts. They said the debt collection company Thomas headed also falsely claimed to victims that it was affiliated with local government and law enforcement agencies.
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By LARRY NEUMEISTER, ASSOCIATED PRESS NEW YORK — Nov 1, 2016, 7:14 PM ET
One of the nation's top card players lost his poker face on Tuesday while pleading guilty in a $31 million debt collection scam.
Travell Thomas, a past winner of World Series of Poker tournaments, cried repeatedly as he entered the plea in federal court in Manhattan to conspiring to commit wire fraud and wire fraud. The 38-year-old suburban Buffalo resident agreed not to challenge any sentence less than 15 1/2 years in prison or a forfeiture order of up to $31 million when he is sentenced in February.
Thomas said he violated the law when he encouraged employees of his Buffalo-based debt collection business to make false threats and representations to force thousands of people nationwide to resolve debts.
"I knew what I was doing was wrong and violating the law," he told U.S. District Judge Katherine Polk Failla.
Prosecutors said victims sometimes paid more than they owed after they were warned that they might be arrested if they didn't immediately pay off debts. They said the debt collection company Thomas headed also falsely claimed to victims that it was affiliated with local government and law enforcement agencies.
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Read more: http://abcnews.go.com/US/wireStory/poker-player-cries-admits-massive-debt-collection-scam-43229558
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