‘Accountant to the Stars’ Avoids Jail in Wayne Nix Case

Posted on: March 7, 2024, 06:39h. 

Final up to date on: March 8, 2024, 11:12h.

An accountant for former minor league baseball participant turned unlawful bookie Wayne Nix was spared a jail sentence Tuesday for mendacity to federal brokers.

William Fulton, Wayne Nix, Yasiel Puig, Scott Sibella, illegal gambling
A federal decide rejected prosecutors’ allegations that William Fulton, above, was an “organizer” of Nix’s unlawful playing operation and confirmed leniency due to his beforehand good fame. (Picture: The Hollywood Reporter)

William Eric Fulton, 60, is the founder and managing companion of Fulton Administration, whose shoppers have included MMA champion Connor McGregor and Hollywood star Channing Tatum. In addition they included Nix, who for 20 years ran an unlawful playing operation that dealt with bets for skilled athletes.

Final July, Fulton pleaded responsible in a federal courtroom in Los Angeles to at least one cost of constructing false statements. This associated to untruthful info he supplied throughout interviews about Nix’s operation with Homeland Safety and the IRS.

Bookkeeper to a Bookie

Fulton equipped accounting, bookkeeping, and tax preparation providers for Nix. He gave the bookie a $1.25 million no-interest mortgage to pay his playing shoppers when he wanted entry to liquidity. He additionally positioned bets with Nix himself and really useful Nix’s providers to not less than one in all his different shoppers, in accordance with prosecutors.

In brief, defendant and the corporate knowingly operated as a de facto again workplace for the Nix playing enterprise, making funds, transferring funds, extending financing, and conducting bookkeeping and administrative duties that allowed the Nix playing enterprise to proceed to function,” prosecutors wrote of their sentencing memorandum.

Their calls for for a strong sentence as a result of Fulton was an “organizer” of the operation have been rejected by U.S. District Choose Dolly Gee on Tuesday. She decided that Fulton performed a minor function within the sports activities betting enterprise.

Gee sentenced Fulton to at least one 12 months of probation and ordered him to pay a nice of $673,290. The sentence acknowledged Fulton’s regret and in any other case good fame and standing.

Fulton was listed as one in all Hollywood’s strongest enterprise managers by The Hollywood Reporter in 2015.

Scott Sibella Scandal

Nix pleaded responsible in April 2022 to a rely of conspiracy to function an unlawful playing enterprise and a rely of subscribing to a false tax return. He awaits sentencing.

Former L.A. Dodgers outfielder Yasiel Puig was additionally embroiled within the case as one in all Nix’s betting shoppers. He initially accepted a plea deal that will have seen him admit to mendacity to federal brokers, however subsequently pleaded not responsible. If convicted, he faces as much as 5 years in jail.

In the meantime, in September 2023, president and chief working officer of Resorts World Las Vegas Scott Sibella  was fired by the on line casino for “violating firm insurance policies and the phrases of his employment.”

In January, Sibella pleaded responsible to prices that might additionally ship him to jail for 5 years. In response to Sibella’s plea settlement, he was conscious of Nix’s unlawful betting operations, however nonetheless allowed him to gamble on the MGM Grand from 2010 to 2019 when he served as its president. That was a violation of anti-money laundering legal guidelines, in accordance with prosecutors.

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