It has been almost two years since Gyonai’s multi-million dollar gambling in Daily 3 and Daily 4 abruptly ended, and on August 19, 2019, he surrendered to the FBI, according to Fishman’s documentation.
In a virtual trial in March led by federal judge for the Eastern District of Michigan, Linda Parker, Gyonay said he became addicted to gambling at some point in 2016, and by 2017, he was starting to lose a large amount of money.
Gyonai who was charged at the end of January, then admitted that he had developed a scheme to get money for the game by looking for investments in fictitious real estate transactions.
However, Fishman wrote in his documentation that Gyonay did not benefit from his scheme.
“In a typical fraud case, the defendant uses his dishonest income to buy fancy cars, expensive jewelry, real estate, etc. while living high up,” Fishman wrote. “In this case, Mr. Gyonay did not acquire anything of value with the proceeds of his fraud. Instead, the government and defense agree that he used all the money to satisfy his gambling addiction and ended up only receiving a federal felony charge. . ”
However, federal prosecutors say he defrauded at least two dozen investors for $ 26.4 million through a scheme that ran from 2016 to 2019.
Sometimes, as Crane reported in March 2020, Gyonay’s addiction to gambling led him to spend 1 million dollars a week in the games Daily 3 and Daily 4.
He won at least $ 28 million playing in various Michigan Lottery retail stores in southeastern Michigan, but mostly in Macomb County, where he lived.
It is claimed that Gyonai told his investors he will use their money to buy, develop and resell properties at a profit, although no specific rate of return has been promised, according to a federal complaint in January.
However, the complaint states that none of the 66 real estate transactions he presented to them have taken place.