Landmark Dishonesty Ruling Tips Scales Toward Prosecutors

Law360, London (November 7, 2017, 6:20 PM GMT) -- A high-stakes case at Britain's highest court that ended in defeat for top poker player Phil Ivey is a seismic ruling with huge ramifications for criminal law and individuals accused of fraud, lawyers say, as it hands more power to prosecutors ahead of several major trials where bankers stand accused of rigging rates and markets.

After three suits and two appeals, five U.K. Supreme Court justices ruled on Oct. 25 that Ivey cheated Genting Casinos UK's Crockford Club casino out of £7.7 million ($10.1 million) in 2012 by using an illegal technique called "edge sorting" in a game of punto banco...

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