Burlington Resident Sentenced to 15 Months in Prison for Laundering Revenue from Bookmaking Business
David B Fein, United States Attorney for the District of Connecticut, announced that Paul J Graziano, 45, of Burlington, was sentenced today by United States District Judge Vanessa L Bryant in Hartford to 15 months of imprisonment, followed by three years of supervised release, for laundering revenue from his illegal bookmaking business. According to court documents and statements made in court, Graziano operated an illegal sports bookmaking business that involved at least four other individuals, including a number of sub-bookmakers, each of whom had a network of bettors. As part of his gambling business, Graziano used two online betting websites. The sub-bookmakers received a commission on losses incurred by their bettors, and sub-bookmakers and bettors also received a 10 percent commission when they brought new gamblers into Graziano’s illegal sports-bookmaking operation.
Between 2006 and December 2009, even though he and his wife had no other employment or source of income, Graziano deposited or caused others to deposit 26 checks in amounts of more than $10,000 into bank accounts that Graziano controlled. The checks, which were payments of gambling debts, totaled approximately $515,329. As part of his sentence, Graziano was ordered to forfeit $45,000. On April 2, 2012, Graziano pleaded guilty to one count of money laundering.
This matter was investigated by the Internal Revenue Service-Criminal Investigation, the Federal Bureau of Investigation, the Connecticut State Police Statewide Organized Crime Investigative Task Force, and the Office of the Chief State’s Attorney. The case was prosecuted by Assistant United States Attorney Anastasia Enos King.
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