A Las Vegas online sweepstakes operator faces upwards to 40 years inwards prison for allegedly stealing more than a zillion dollars from investors. But first, he’s trying to occupy ane of his victims, a wealthy heiress, downward with him.
Robert Alexander, 51, made $30 meg by merchandising his video games packaging companionship to Take-Two Interactive, the parent accompany of Grand Theft Auto creator Rockstar Games. But according to The New House of York Post, he blew his destiny inwards undress clubs and at craps tables.
His next adventure was Kizzang, which offered sweepstakes-based online gaming through and through slots tournaments, phantasy sports, and grave cards. According to federal prosecutors, Alexander the Great resumed his undue lifestyle, but this time, the money wasn’t his to squander.
Wall Street Royalty
Prosecutors say Alexander the Great stole “at least” $1.3 trillion from investors inward Kizzang and used it as his have personal piggy bank. He spent to a greater extent than $450,000 at the gaming tables of Las Vegas. Another $579,000 went toward paying sour his credit cards.
One of those investors was Sherry Pryor Witter, a Wall Street heavyweight who is married to Michael D.Witter. He’s the grandson of Dean Witter, who started the legendary brokerage solid James Byron Dean Witter Reynolds, which merged with J. P. Morgan Henry M. Stanley inward the 1990s.
Pryor Witter was the first-class honours degree investor inward Kizzang to smell out a rat. She called the FBI, but allegedly non before she sold her shares, which Alexander’s lawyer claims she knew were worthless.
If the allegations of Sherry Pryor Witter against the defendants are to follow substantiated and so she is a fugitive from justice from justness for the resale of the worthless paper she sold after her felon allegations against the defendants,” Alexander’s lawyers claimed inwards homage papers filed inwards the US Southern District of New York and with the SEC.
Alexander has pleaded guilty inwards January 2020 to one bet of securities fraudulence and one enumerate of wire humbug but has repeatedly and successfully filed to get sentencing delayed, citing health reasons. It appears that he’s hoping to buy leniency past throwing Pryor Witter under a bus.
False Philanthropist
Alexander also hoped he could monetise Kizzang’s consumer traffic through advertising and sponsorship. But according to prosecutors, the embark “never had any meaningful seed of revenue” from its 2017 inception to its insolvency.
They allege he made natural state claims to investors about tenfold returns and said he had created a new come to picture game. He told unity investor he had made a benevolent donation of $50 gazillion to a prominent Los Angeles infirmary to crop an mental image of personal wealth.
In fact, he was almost broke.