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Stamford Sports Book Runner Sentenced
Saturday November 2, 2013 : STAMFORD ONLINE SPORTS BET COLLECTOR SENTENCED (Update)
Borea gets 33 months in jail
Another of the Connecticut online sports betting bust defendants has been sentenced following a guilty plea earlier this year.
Joseph Borea (56) was handed a 33 month prison sentence Friday for his role in illegal online gambling businesses that prosecutors said were controlled by a New York organised crime group.
Borea was arrested as part of a major federal enforcement action last year and has already been fined $50,000 and ordered to forfeit $75,000. He pleaded guilty in August to one count of conspiring to violate racketeering law.
Prosecutors claim that Borea collected gambling debts for a Stamford-based Internet sports bookmaking operation that was tied to Gambino organised crime associates in New York. The organisation had gross revenues of nearly $1.7 million from October 2010 to June 2011.
Two co-defendants who ran the operations also have pleaded guilty to racketeering-related charges, prosecutors said. One is serving an almost six-year sentence, and the other is serving an almost four-year sentence.
18 defendants have pleaded guilty in the investigation and have agreed to forfeit about $1.4 million, according to an Associated Press news agency report.
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It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
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