Gambling pro Archie Karas charged with defrauding casino

Fri Sep 27, 2013 9:51pm EDT
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By Marty Graham

SAN DIEGO (Reuters) - World-renowned professional poker player Archie Karas, has been arrested on charges of cheating and defrauding a casino after authorities say he was caught marking cards at a California blackjack table.

Karas, 62, best known for reputedly building a beginning stake of $50 into a $40 million fortune during a record three-year winning streak, was taken into custody on Tuesday at his Las Vegas home, the San Diego County District Attorney's Office said on Friday.

He will be extradited to San Diego to face a criminal complaint filed last week charging him with burglary, winning by fraudulent means and cheating, the prosecutor's office said.

If convicted, Karas, whose real name is Anargyros Karabourniotis, faces a maximum penalty of three years in prison.

"This defendant's luck ran out thanks to extraordinary cooperation between several different law enforcement agencies who worked together to investigate and prosecute this case," said county District Attorney Bonnie Dumanis.

According to prosecutors, Karas was spotted by surveillance cameras marking cards - using tiny smudges of dye secretly wiped onto the backs of jacks, queens, kings and aces - while playing blackjack in July at the Indian-owned Barona Resort and Casino in Lakeside, California.

The marks gave Karas an unfair advantage by helping him identify the value of cards before they were dealt as he chose whether to take another card, or hold, in an effort to reach the winning value of 21 without going over, prosecutors said.

The scheme worked so well that he managed to cheat the casino out of more than $8,000 before he was caught, district attorney's office spokesman Steve Walker said.   Continued...