Click here to read the Full Story in Jay's Own Words

I am the founder and former President of the World Sports Exchange, one of the largest and most successful online gambling businesses in the world. In 1996, I resigned from a lucrative position as an options market maker in San Francisco to move to Antigua and lauch WSEX. In January 1997, with all our equipment, computers and employees secure in Antigua, we opened for business. It was carefully planned. And our plans worked, as the company embarked on a steady path to success.

Today, like thousands of other online wagering companies, WSEX handles millions of dollars in wagering on sports and casino games. But I am not in Antigua. And I do not work for WSEX. Instead, I am serving a 21-month prison sentence. While I am incarcerated, billions of dollars per year will be spent by consumers worldwide wagering online. Billions more will be wagered on sports and casino games within a few miles of my prison cell. The online gambling industry is stronger than ever, and the United States goverment cannot stop it.


Jay Cohen at Nellis Federal Prison Camp, February 28, 2003.
Photo by Aaron Mayes/Las Vegas Sun