ALBANY, N.Y. - A 30-year-old Florida woman has pleaded guilty in a New York federal court to laundering $8 million for a widespread illegal sports gambling operation.
Michele Lasso-Barraza pleaded guilty Thursday via a video feed from Florida to conspiracy to commit money laundering charges filed in U.S. District Court in Albany.
Federal prosecutors say Lasso-Barraza laundered money from Internet websites that allowed bettors to place wagers.
Officials say she transferred the money from the illegal gambling business to offshore accounts using sham entities.
Lasso-Barraza, a Panamanian national living in Parkland, Fla., faces up to 20 years in prison and a fine of $500,000 when she's sentenced Feb. 28.
Her co-defendant and the gambling ring's leader, 52-year-old Philip Gurian of Boca Raton, Fla., pleaded guilty last month to money laundering.
His sentencing is scheduled for Feb. 6.
Copyright AP Modified, Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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