October 3, 2016 / 5:36 PM / a year ago

Cantor Fitzgerald affiliate pays $16.5 mln to end U.S. gambling probe

NEW YORK, Oct 3 (Reuters) - An affiliate of financial services firm Cantor Fitzgerald has agreed to pay $16.5 million to resolve a criminal investigation into its past involvement with illegal gambling and money laundering schemes, U.S. prosecutors said on Monday.

The non-prosecution agreement announced with CG Technology LP, formerly known as Cantor Gaming, came three years after a former senior executive at the company pleaded guilty to conspiring to participate in an illegal gambling business. (Reporting by Nate Raymond in New York; Editing by Chris Reese)

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