DENVER (AP) A man accused of running a multimillion-dollar gambling ring has pleaded guilty and will be forced to forfeit millions of dollars' worth of luxury cars and goods.
The Denver Post reported Monday that Kerwin Sande has pleaded guilty to money laundering and running an illegal gambling business. He has agreed to forfeit $2 million in seized assets and won't be allowed to return to his Denver-area home.
Jeffrey Dorschner, a spokesman for the U.S. Attorney's Office, says the list of gamblers won't be released.
Sande is accused of operating the gambling ring from June 2006 to last November through the website Play Fast Sports. Prosecutors say he took sports bets over the phone and on his website, and bettors sometimes paid with goods such as gold coins and, in one instance, a motorcycle.