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Guilty plea in Nick’s Amusements money laundering case

Lawyers for Nick’s Amusements Inc. entered a guilty plea Friday on behalf of the company for charges of laundering $35,000 in illegal gambling proceeds.

U.S. District Judge Frederick J. Motz approved the $50,000 sentence, agreed upon by prosecutors and the Baltimore County company.

In the criminal charge, filed at the end of October in U.S. District Court in Baltimore, prosecutors alleged the company moved “criminally derived property” from one Bank of America account to another in December 2006.

The charge came three months after prosecutors settled a civil forfeiture action against the company and its owner, John Zorzit, for $1 million.