John Giannelli, Sr., 66, of Danvers, Massachusetts, was sentenced to
24 months in federal prison today after pleading guilty on September 27,
2012, in the United States District Court for the District of New
Hampshire to one count of money laundering, one count of operating an
illegal gambling business, and five counts of impeding the
administration of the Internal Revenue laws, announced United States
Attorney John P. Kacavas.
Giannelli operated a computer based sports betting business while he
resided in Peabody, Massachusetts, and then Kingston, New Hampshire.
Giannelli controlled access, through the use of user identifications and
passwords, to a gambling site and granted access to that site to dozens
of agents. Approximately 300 customers making sports related wagers
were able to gain access to the site through the agents, and Giannelli
was able to monitor the overall betting activity. A forensic analysis of
betting records obtained from computers seized at Giannelli’s residence
in March 2012 established that the operation generated gross profits of
approximately $188,000 over a 12-week period.
The money laundering charges arose from a scheme in which Giannelli
was listed as an employee on a former sports betting customer’s
business. Giannelli provided the business with cash proceeds generated
by the gambling business and, in return, the business issued paychecks
to Giannelli, thus making it appear that Giannelli’s income was
legitimate. The business also caused to be generated false W-2 forms
that Giannelli used to support tax returns filed with the IRS. Between
2003 and 2007, Giannelli laundered approximately $452,000 in proceeds
through the scheme. The District Court ordered a money judgment
forfeiture in the amount of $452,000.
The investigation was conducted by the Federal Bureau of Investigation and the Internal Revenue Service.
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