Columbia businessman Larry Flynn is accused of operating video gambling businesses in S.C. He has been indicted by a federal grand jury.

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Columbia, S.C. (WLTX)-- A 39-year-old Richland County businessman is facing federal gambling charges after being indicted by a grand jury.

Larry Flynn, who is also known as "L.W. Flynn" , is charged with operation of an illegal gambling business and conspiracy to commit money laundering. The charges are part of a 2-count indictment by the federal grand jury.

Flynn operates a business called "Magic Minutes". The federal court papers allege that from January 2011 to the present, Flynn worked with others to finance, manage and supervise an illegal gambling business. Flynn is accused of keeping and operating video gambling machines, operating businesses where the games were played, and receiving bets, which are all illegal under South Carolina law.

Flynn is also accused of conducting a series of financial transactions totaling more than $10,000 that involved proceeds from unlawful activity.

Flynn is facing up to 10 years imprisonment and a maximum fine of $250,000.

Video gambling has been outlawed in South Carolina since July of 2000.

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