Federal investigations into the daily fantasy sports industry are open in three jurisdictions and should be exploring a lot of criminal questions, per comments made Thursday by an attorney representing unnamed DraftKings employees.

The comments were made by Boston-based white-collar criminal defense attorney Paul Kelly during a public forum held on the University of recent Hampshire School of Law where reporters were in attendance and audio recording was permitted. Near the beginning of his comments, Kelly said he represents “certain individuals, managers, from DraftKings.”

A transcript of the speech is offered below. DraftKings, FanDuel, and Mr. Kelly all provided statements to LSR contesting the accuracy of Kelly’s remarks as presented. Per Kelly’s comments:

• U.S. Attorney offices within the Southern District of latest York, Boston, and Tampa, Fla. have all “launched grand jury investigations” into the activities of DraftKings and FanDuel.
• The investigations are still of their “earliest stages,” in line with Kelly. “One thing I DO KNOW is that action at the criminal side will not happen next week, next month, or maybe even within the calendar year of 2016 — if ever,” Kelly said.
• It is much from a certainty that charges might be brought, argued Kelly, who noted: “If the Justice Department elects to head forward, and that’s still a reasonably large if, because, frankly, I HAVE NEVER seen anything factually which might provide a sound basis for criminal charges at this point.”

More at Legal Sports Report

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