Poker pro indicted in $6M Super Bowl ticket-flipping scam


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LOS ANGELES (AP) — Federal prosecutors say a professional poker player from California faces charges that he bilked investors out of more than $6 million in a Super Bowl and World Cup ticket-flipping scam.

The U.S. Attorney's Office said Thursday that Seyed Reza Ali Fazeli has been indicted on two felony counts of wire fraud. It wasn't immediately known if the 49-year-old has an attorney.

Officials say the charges are tied to a ticket business he ran called Summit Entertainment.

The indictment says Fazeli raised millions by promising to purchase tickets for resale to the Super Bowl and World Cup. Prosecutors say he never bought the tickets and instead used the money for personal expenses and to pay off gambling debts.

The Orange County Register says Fazeli is already facing several lawsuits related to the scheme.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

BusinessNational Sports
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast