Russian Poker Cheat Jailed For £60,000 Fraud at London Casino

Russian gambling fraudster Valeriy Mikhaylets came unstuck after cheating players at a top London casino out of £60,000 during a session of No Limit Hold'em

57 year old Russian Valeriy Mikhaylets was sentenced to four months in prison at Southwark Crown Court on Thursday after cheating players out of £57,025 playing No Limit Hold'em at the Palm Beach Casino in Mayfair late in 2014.

Apparently his play in the weeks running up to the game in question (which took place between November 30th and December 1st 2014) aroused suspiscion and when he next returned to the casino on 26th January 2015 he was arrested for fraud.

On his arrest, Mikhaylets was found with playing cards, dice and sandpaper, which he claimed was for smoothing out card edges. After being granted bail the Moscow based fraudster failed to return to police and a European Arrest Warrant was issued for his arrest.

Mikhaylets was eventually apprehended on April 9th last year whilst attempting to cross from Russia to Finland and he was duly extradicted to the UK to face trial.

After pleading guilty to one count of cheating at gambling he was sentenced to four months in prison. He was also fined £86,000, ordered to pay £57,025 in compensation and £893.75 in costs and handed a deprivation order amounting to £50,000.

DC Mat Wake from the Metropolitan Police said “Valeriy Mikhaylets was an accomplished cheat who made just short of £60,000 profit in one poker game using sleight of hand. His sentence should act as a deterrent for those considering committing similar offences in London’s casinos."

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