PHILADELPHIA – A Cherry Hill man who operates a check-cashing agency is accused of assisting in the operation of a sports-betting ring.
Steven Kessler, 50, allegedly helped a bookmaker cash 76 checks worth about $670,000 over a two-year period, the U.S. Attorney’s Office in Philadelphia said in a statement Wednesday. The checks covered losses from a single bettor to alleged bookmaker Jerold Cohen.
Each check was made out for less than $10,000, the amount that requires a report to be filed with the federal government. The alleged bettor often provided Kessler with multiple checks when his gambling loss exceeded $10,000, an indictment says.
Authorities said Kessler is one of three owners of Cottman Check Cashing in Northeast Philadelphia.
Cohen, 80, of Bala Cynwyd, allegedly took bets for about 30 years, the indictment says. He used the check-cashing firm "because of his longtime friendship" with Kessler, the statement said.
According to the indictment, Kessler was aware Cohen was a bookmaker.
Toronto Raptors win their first NBA championship
The Toronto Raptors have made history as the first Canadian team to score an NBA Finals title with a win over the Golden State Warriors in Game 6. To read …