Jay Cohen (born 1968) is the co-founder and former

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of World Sports Exchange (WSEX), an

online gambling Online gambling (also known as iGaming or iGambling) is any kind of gambling conducted on the internet. This includes virtual poker, casinos, and sports betting. The first online gambling venue opened to the general public was ticketing for th ...

company.

Biography

Cohen was raised on

Long Island Long Island is a densely populated continental island in southeastern New York (state), New York state, extending into the Atlantic Ocean. It constitutes a significant share of the New York metropolitan area in both population and land are ...

. He is

Jewish Jews (, , ), or the Jewish people, are an ethnoreligious group and nation, originating from the Israelites of History of ancient Israel and Judah, ancient Israel and Judah. They also traditionally adhere to Judaism. Jewish ethnicity, rel ...

. He graduated from

U.C. Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California), is a public land-grant research university in Berkeley, California, United States. Founded in 1868 and named after the Anglo-Irish philosopher George Berkeley ...

with a degree in nuclear engineering and married Lisa Yvette Vidal in 1989. He worked as options trader in

San Francisco San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...

until 1996, when he moved to

Antigua Antigua ( ; ), also known as Waladli or Wadadli by the local population, is an island in the Lesser Antilles. It is one of the Leeward Islands in the Caribbean region and the most populous island of the country of Antigua and Barbuda. Antigua ...

and opened the online gambling company World Sports Exchange (WSEX). In 1998, attorney General

Janet Reno Janet Wood Reno (July 21, 1938 – November 7, 2016) was an American lawyer and public official who served as the 78th United States Attorney General, United States attorney general from 1993 to 2001 under President Bill Clinton. A member of ...

charged him with violating the

Federal Wire Act The Interstate Wire Act of 1961, often called the Federal Wire Act, is a United States federal law prohibiting the operation of certain types of betting businesses in the United States. It begins with the text: Several legal opinions and rulin ...

. Although Cohen was operating out of a jurisdiction where gambling was legal, his US customers used phone lines and the internet to place bets. On July 24, 2000, Cohen was the first United States citizen to be convicted in US Federal Court for violation of the

for operating an online gambling company from a jurisdiction where it was legal and regulated (Antigua). He was sentenced to twenty-one months in prison and served his time at Nellis prison camp, 25 miles north of

Las Vegas Las Vegas, colloquially referred to as Vegas, is the most populous city in the U.S. state of Nevada and the county seat of Clark County. The Las Vegas Valley metropolitan area is the largest within the greater Mojave Desert, and second-l ...

. Cohen's case was appealed to the

United States Supreme Court The Supreme Court of the United States (SCOTUS) is the highest court in the federal judiciary of the United States. It has ultimate appellate jurisdiction over all U.S. federal court cases, and over state court cases that turn on question ...

, but it refused to hear the appeal. He was released in March 2004.

References

1968 births Living people American casino industry businesspeople American cybercriminals Jews from California UC Berkeley College of Engineering alumni American chief executives Jews from New York (state) People from Long Island {{gambling-stub

Biography

See also

References