No bail for Giordano

James Giordano, the professional poker player accused of running a $3.3 billion online gambling racket, has been held without bail.

James Giordano pleaded not guilty to the accusations as he stood before Queens Criminal Court yesterday. It is thought the scam made $1 billion a year since 2004.

Altogether, 27 people are involved in the gambling ring and authorities have said "untold millions of dollars" was hidden using shell corporations and offshore bank accounts in Central America, the Caribbean, Switzerland and Hong Kong.

Giordano’s wife, Priscilla Giordano, is accused of being the financial officer of the operation and is being charged along with their daughter and son-in-law Daniel Clarin. All have pleaded not guilty.

"This is obviously a significant case. We are trying to get our hands around it," said Roger Adler, lawyer for Daniel Clarin.

Editor, - 2006-11-30 12:14:45

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