Convicted Aurora bookmaker must forfeit more than $600,000 in proceeds from gambling ring – cleveland.com

CLEVELAND, Ohio An Aurora bookmaker must forfeit more than $600,000 that authorities found in his home, proceeds that they say came from a large-scale gambling ring.

U.S. District Judge Patricia Gaughan on Wednesday sentenced Ryan Driscoll, 46, to probation for three years on charges of money laundering, filing a false tax return and operating an illegal gambling business.

Gaughan also ordered him to pay $208,693 in restitution. That is in addition to the $628,950 that agents seized during a search warrant of his home last August. Prosecutors said in documents that Driscoll had large quantities of cash in bundles of $10,000.

Prosecutors said that Driscoll underreported his income by more than $825,000 for the tax years 2014 through 2017. He filed a false income tax return in 2018 that prosecutors said failed to mention the proceeds from his illegal gambling business.

Driscoll ran a bookmaking ring from 2015 to 2019 that provided his clients with access to offshore gambling websites to bet on sports. The websites tracked winnings and the money due to him and allowed him to pay out winnings and collect losses locally, according to court records.

The money laundering charge stems from Driscoll paying for a membership at the Mayfield Sand Ridge Club with proceeds from the gambling business. He also placed proceeds in his bank accounts and used nearly $200,000 to make payments on vehicles and other items.

Driscoll pleaded guilty to the charges in January.

Read the rest here:

Convicted Aurora bookmaker must forfeit more than $600,000 in proceeds from gambling ring - cleveland.com

Related Posts

Comments are closed.