Poker Pro Gal Yifrach, Indicted on Felony Charges
Los Angeles high-stakes poker player Gal Yifrach is facing
two felony counts related to, as the feds say, running an illegal gambling
operation.
Yifrach has been a regular on Southern California
live-streamed poker shows such as Live at the Bike for quite some time. He won
a World Series of Poker (WSOP) bracelet in 2018 and finished third last year in
Event #38: $50,000 High Roller No-Limit Hold'em for $495,305.
According to an indictment filed March 3 in the United
States District Court Eastern District of California, he's also allegedly been
making money in an illegal manner. In the 11-page document, the 35-year-old is
charged with one count of conducting an illegal gambling business and one count
of conspiracy to commit money laundering.
PokerNews interviewed Yifrach last fall during the WSOP
about a memorable hand he played on Hustler Casino Live. Nick Vertucci,
co-owner of HCL, was in shock when he learned of the news about the poker
player's alleged transgressions.
"I am shocked to hear this," Vertucci told
PokerNews. "There was no indication of anything when he played in our
games. Gal always seemed like just a regular nice guy. It saddens me to hear of
this."
According to the indictment, beginning around January 2018
until January 2022, the poker pro conducted an illegal gambling business
involving "supplying, operating, and maintaining video slot machines and
devices."
The money laundering accusation part of the indictment
involved taking the cash from the illegal casino and exchanging it for clean
money, the feds say. As stated in the indictment, he then used those funds to
invest in real estate and make other purchases.
Authorities claim Yifrach laundered money in a few different
ways. One was to exchange the alleged illegal gambling revenue for casino chips
at a "casino in Bell Gardens, California," referred to in the
document as "Casino 1." He would then, the feds say, take those
casino chips to the casino and exchange them for checks, which he would deposit
into his bank account.
According to the indictment, Yifrach collected the cash
proceeds of an "illegal gambling business from various locations in the
Eastern District of California and elsewhere, and transported those cash
proceeds to other locations in California."
Yifrach and co-defendant Shalom Ifrah "used, and agreed
to use, multiple methods to exchange cash proceeds of an illegal gambling
business for other items of value to conceal the fact their income was derived
from operating an illegal gambling business," the document states.
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