A 47 year old Arizona man was sentenced to eleven years in prison for his role in operating an illegal online sportsbetting website.
Anthony Boscarino of Tuscon, Arizona was given the lengthy jail sentence after he plead guilty to 43 charge which included money laundering, tax evasion, and fraud.
In addition to the jail term, Boscarino was ordered to pay $1.3 million back taxes as well as $6.5 million to the 1,685 victims of his fraudulent activities. A $4.8 million judgment was also levied against him in which the defendant had his bank accounts and cars seized.
Originally charged with 88 different federal charges in 2010, Boscarino's lawyers negotiated the charges down to 43 counts. During court proceedings, the 47 year old admitted to getting victims to invest in scam companies in Las Vegas, running the sportsbook, and convincing people to buy into a fictitious oil well in Louisiana, and various mortgages.