Posted: Jul 25, 2013 11:38 AM by Brian White
Updated: Aug 5, 2013 4:02 PM
TUCSON - A Tucson man has been sentenced to nearly 12 years in federal prison for defrauding more than 1,600 people.
Prosecutors say 47-year-old Anthony Mark Boscarino had pleaded guilty earlier this year to 43 charges including fraud, money laundering and tax evasion.
In addition to a 135-month prison term, Boscarino was ordered to pay restitution of $6.5 million to 1,685 victims and also pay $1.3 million in unpaid taxes.
Prosecutors say Boscarino was involved in multiple frauds using his Internet sports handicapping site, which operated under several names.
Boscarino was accused of soliciting victims to invest in gambling junkets to Las Vegas, oil well projects, collateralized mortgage obligations and several other scams.
He was indicted in 2010.
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