Share 
Patrick Curry, the owner of McAllen Gold & Silver, has been charged with conspiracy to commit money laundering after federal prosecutors alleged he handled more than $750,000 tied to an illegal gambling ring. The 46-year-old McAllen resident was released on a $200,000 bond with conditions affecting his business reporting and his role in his father’s estate, according to KVEO’s Oct. 21 report.
The allegations have not been proven, and Curry is presumed innocent.
Prosecutors describe sports betting payment trail
Prosecutors allege Curry accepted the money between 2021 and 2024 for a person identified in the criminal complaint as “Individual A.” According to the complaint, a bettor placed sports wagers through an intermediary, who brought payment checks to Curry.
Curry allegedly passed the payments to Individual A, with Curry and the intermediary retaining a percentage. Prosecutors said McAllen Gold & Silver created invoices for precious metals and jewelry after receiving the money, but the transactions did not match Curry’s tax returns.
Homeland Security Investigations reviewed text messages discussing sports bets and leaving payments with Curry, along with photographs of ledgers showing amounts owed.
The allegations also involve Curry’s father’s house. Curry took over the business after his father, Wendell, died in 2021 and served as co-executor of his estate. Individual A told investigators he paid Curry about $500,000 for the house using gambling proceeds delivered by the intermediary. Curry apparently sold the property without informing the other co-executor, according to the report.
Donna permit references appear in the investigation
Prosecutors said Individual A gave the intermediary instructions involving two $50,000 cashier’s checks for “game room permits” in Donna.
Donna approved game room regulations in 2023 but never issued any permits, according to KVEO. The report did not identify Individual A, the intermediary or the bettor.
Release conditions include weekly business reports
U.S. Magistrate Judge Juan F. Alanis set Curry’s bond at $200,000, with no cash deposit required. As release conditions, Curry agreed to surrender his position as co-executor, refrain from spending any inheritance he received and provide HSI with weekly reports on all transactions at McAllen Gold & Silver.
Curry’s attorney, Rolando D. Cantu, cautioned against drawing conclusions from the charge.
“These are allegations at a very early stage, and Mr. Curry is presumed innocent. It would be premature to comment on the specifics,” Cantu said.
The report did not state whether Curry had entered a plea or identify a next court date. If convicted, he faces a maximum of 20 years in federal prison.
—
Source: As reported by KVEO-TV.
