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News Flash

Nylon Magazine Publisher Pleads Guilty

Nylon Magazine publisher Don Hellinger has pleaded guilty on charges of illegally transferring US$44 million to US Internet bettors on behalf of gambling business that were located outside the United States.

Hellinger is the president of Nylon Holding Inc. and his guilty plea agreement was entered on the second count of "operating an illegal money transmission business" for which he was indicted on February 10th. His sentencing is set for May 29th and he could face up to five years in prison and a fine up to US$250,000.

Five other men were charged along with Hellinger - Ronald Hellinger, Michael Weisberg, Randy Trost, Jami Pearlman, and Michele Quigley. Read More...

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