A former Branch Manager at Manhattan Bank has pled guilty in Manhattan Federal Court to assisting Illya Trincher, a key figure in an international sportsbook ring, with structuring financial transactions.
Ronald Uy (33) is the nineteenth defendant to plead guilty in the New York “art gallery” illegal gambling ring investigation (see previous reports) led by Manhattan US Attorney for the Southern District of New York, Preet Bharara.
“Ronald Uy consorted with Illya Trincher, a leader of a high-stakes gambling operation with ties to Russian-American organized crime, and broke the law when he aided Trincher in concealing the enterprise’s ill-gotten gains. But thanks to the efforts of law enforcement, Uy, like the 18 others before him, has admitted his guilt and now stands convicted,” said Bharara.
According to court documents, on several occasions Uy assisted Trincher by structuring deposits at the Bank to avoid triggering reporting requirements as per the Bank policy.
Uy faces a maximum of five years in prison and three years of supervised release and is scheduled to receive sentencing from Judge Furman on March 27, 2014.