A Miami executive and his wife, both of whom participated in the Playwithal.com sports book operation, on Thursday pled guilty in a New York court.
Daniel Clarin, 32, and Melissa Clarin, 31, pled guilty to enterprise corruption and conspiracy charges for their involvement in the operation, which ran over a 28-month period and generated an estimated $1.4 billion.
Sentencing has been set for April 26, according to a prepared statement issued Friday by the Queens County District Attorney's office.
The AP has reported that Justice Stephen Knopf, who is overseeing the case, said he was likely to give Daniel Clarin a prison sentence of between two and seven years. Clarin will also have to forfeit $254,356 in illegal earnings.
The judge said, however, that he would not give Melissa Clarin a prison sentence on the condition that she forfeit $72,508 in illegal earnings.
Daniel Clarin's attorney, Jay Moskowitz, said that he hoped Clarin's status as a "first-time offender" would mitigate the severity of the sentence.
"He had a spotless record, before this misadventure," Moskowitz told the AP.
27 defendants from four states (New York, New Jersey, Florida and Nevada) were charged in the case after a two-year collaborative investigation was conducted by various law enforcement entities throughout the United States.
James Giordano, professional poker player and alleged mastermind behind the Playwithal operation, on Nov. 29, 2006 pled not guilty and is awaiting trial.