Gallery Owner Nahmad Pleads Guilty to Role in Gambling Ring
This article is for subscribers only.
Manhattan art gallery owner Hillel “Helly” Nahmad pleaded guilty to participating in a high-stakes gambling ring catering to celebrities and the very rich, calling it a hobby that developed into an illegal business.
“Judge, this all started as a group of friends betting on sporting events, but I recognize that I crossed the line and I apologize to the court and my family,” Nahmad told U.S. District Judge Jesse Furman today in Manhattan.