Terry Land, Operating a Gambling Business, South Carolina 2014
Columbia, South Carolina – In a shocking turn of events, Terry Land, of Sumter, South Carolina, has pleaded guilty to tax evasion and operating a gambling business.
According to a guilty plea entered in federal court in Columbia, Land will face a maximum penalty of 5 years imprisonment and/or a fine of $100,000 for tax evasion, and 5 years imprisonment and/or a fine of $250,000 for operating a gambling business.
The investigation, led by the FBI, IRS-CID, SLED, and the South Carolina Attorney General’s Office, revealed that Land had been operating several video poker businesses, including Lucky’s Cyber Center, Gamecock I, and Gamecock II, without filing any taxes related to these businesses. In an interview, Land confessed to never filing taxes as related to these businesses.
The investigation also found that Land would deposit money from his gambling business into his roofing business, and that he failed to keep records of the money the gambling businesses made, dealing solely in cash in operating the gambling business. A calculation of the criminal tax owing is $17,264, $36,918, and $4,221 for tax years 2011, 2012, and 2013 – totaling $58,304.
The gambling business operated machines in numerous locations over the period of time from 2011 to 2014, with purveyors of the different locations receiving a portion of the winnings of the machines. The machines that were operated are in violation of State gambling statute.
Assistant United States Attorneys Jim May and Jay Richardson of the Columbia Office are prosecuting the case. Senior United States District Judge Joseph F. Anderson will impose sentence after reviewing the presentence report prepared by the U.S. Probation Office.
Terry Land, a video poker operator from Sumter, SC, has pleaded guilty to tax evasion and operating a gambling business. The maximum penalty for tax evasion is 5 years imprisonment and/or a fine of $100,000, and the maximum penalty for operating a gambling business is 5 years imprisonment and/or a fine of $250,000.
Key Facts
- State: South Carolina
- Category: Public Corruption
- Source: DOJ Press Release â†â€â€
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