Casino Crime Roundup: Valley Forge Casino Robbers Sought by Police

Posted on: March 13, 2024, 02:58h. 

Last updated on: March 14, 2024, 11:47h.

Ed Silverstein @casinoorgedsilv Read More

Expertise: Legal, Tribal Gaming.

Two masked suspects who took part in an armed heist at Pennsylvania’s Valley Forge Casino Resort Tuesday night remain on the lam.

The robbery occurred at the FanDuel Sportsbook site at the King of Prussia, Pa. property, according to the Philadelphia Inquirer.

The bandits were last seen in a white Jeep driving in the direction of the King of Prussia Mall.

The FanDuel operation is housed in an 1,800-square-foot location with seven betting windows.

No shots were fired and no one was injured during the heist, according to Patch.

Sports Betting Fund Defendant Enters Plea

A man entered a not-guilty plea in St. Louis federal court on Tuesday on charges he allegedly stole money from an investment fund.

The case against Elijah A. Goshert, 47, of Pennsylvania is now heading to trial.

Goshert was indicted on three counts of wire fraud for the illicit, Missouri-based sports wagering operation. Prosecutors revealed that at least 10 investors lost more than $500K from the scheme.

The entity was called the “Magellan Sports Fund.” Goshert claimed to have funded it through money from sports bets.

Spent on Vacations, Tuition

But prosecutors said investors’ money was spent on Goshert’s personal expenses, including vacations at Disney properties, tuition for private schools, and mortgage payments.

The fund was in place for some five years. If investors withdrew cash, Goshert would lie to them about the fund, prosecutors said.

Goshert was indicted on November 15 and apprehended on February 28. If convicted, Goshert could be sentenced on each charge for up to 20 years in prison and pay as much as a $250K fine.

Goshert claimed the fund was operated through an algorithm to reduce risks for investors. He regularly sent out updates and account statements to investors to mislead them.

The fund isn’t linked to legal funds run by other operations that use the name “Magellan.”