Thursday July 25,2013 : ONLINE SPORTS BETTING OPERATOR SENTENCED
Mikes Lock Club named as online enterprise involved
Anthony Boscarino, a 47-year-old resident of Tucson, Arizona was sent to jail for 135 months by U.S. District Judge Cindy K. Jorgenson this week on 43 charges involving fraud, money laundering and tax evasion.
Earlier this year Boscarino entered a guilty plea on the charges, which include activities associated with his operating an online sports betting site titled Mikes Lock Club.
Prosecutors claimed that Boscarino did not stop at facilitating online sports betting; he was also involved in multiple frauds using his Internet sports handicapping site that included soliciting victims to invest in scams such as gambling junkets to Las Vegas; in an oil well project in Louisiana; and in collateralised mortgage obligations.
He was ordered to pay restitution of $6.5 million to the 1,685 victims of his fraudulent activity and $1.3 million in unpaid taxes for 2009. The court also ordered a $4.8 million money judgment against him and forfeited several of his cars and bank accounts.
Boscarino was originally indicted on 88 charges back in 2010 following an extensive FBI and IRS investigation, reports the Phoenix Business Journal this week.