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Chicago area butcher pleads guilty to multimillion dollar sportsbook operation
Posted on 8/11/20 at 10:05 am
Posted on 8/11/20 at 10:05 am
quote:
Dominic Poeta, 63, who for years has run Poeta’s Italian Food Mart in Highwood, pleaded guilty to one count each of illegal bookmaking and filing a false tax return. Poeta faces up to three years in prison and has agreed to pay nearly $1.4 million in penalties to the IRS.
Poeta admitted in his plea agreement with prosecutors that from 2014 to 2018, he used offshore betting websites based in the Caribbean to process millions of dollars in sports wagers and did not report the income on his tax returns.
In 2016 alone, Poeta failed to report $984,000 in gambling income, listing only $81,000 in proceeds from his meat market on his 2017 tax return to the IRS, his plea stated.
Poeta, of Highland Park, is free on bond and appeared via a video link before U.S. District Judge Matthew Kennelly. He was scheduled to be sentenced Nov. 4.
An organized crime racket run out of a butcher shop would be a great idea for a TV series, maybe on one of the cable networks. LINK
This post was edited on 8/11/20 at 10:08 am
11
Posted on 8/11/20 at 10:07 am to Jim Rockford
Can I get some gabagool from him?
Posted on 8/11/20 at 10:07 am to Jim Rockford
Damn anybody got a bookie?
Posted on 8/11/20 at 10:09 am to BigDawg0420
Come to Pennsylvania. We recently legalized online gambling including sports betting. Now I can smoothly get my cash on/off legal sports books with no frickery or concern.
Posted on 8/11/20 at 10:10 am to Jim Rockford
Victimless crime. Should be legal
Posted on 8/11/20 at 10:10 am to Jim Rockford
I love that he just laid off the bets with 5dimes and charged the marks some juice.
Posted on 8/11/20 at 10:11 am to Turbeauxdog
They were probably degenerates with no credit.
Posted on 8/11/20 at 10:13 am to Jim Rockford
quote:
An organized crime racket run out of a butcher shop would be a great idea for a TV series, maybe on one of the cable networks
If I bought meat from that place I would wonder if I ever ate one of his clients who couldn't pay.
Posted on 8/11/20 at 10:13 am to TechDawg2007
quote:
Victimless crime. Should be legal
Defrauding the government and failing to pay income tax is not victimless and should not be legal.
Posted on 8/11/20 at 10:13 am to TechDawg2007
quote:
Victimless crime. Should be legal
Right, just a small businessman making a buck. He’d probably have paid the bloodsuckers if they wouldn’t make it a crime to make money.
Worthless laws deserved to be disrespected. Just a big mafia mad they missed out on their cut.
This post was edited on 8/11/20 at 10:17 am
Posted on 8/11/20 at 10:15 am to BigDawg0420
quote:
Damn anybody got a bookie?
I do. And he uses a website.
Posted on 8/11/20 at 10:15 am to TechDawg2007
quote:
Victimless crime. Should be legal
Legal yes, but the IRS still has to get theirs and that’s what the wise guys don’t want to pay.
Posted on 8/11/20 at 10:15 am to The Third Leg
quote:
Defrauding the government and failing to pay income tax is not victimless and should not be legal.
I have a hard time sympathizing with the government as a victim, at least in terms of revenue collection.
quote:
Legal yes, but the IRS still has to get theirs and that’s what the wise guys don’t want to pay.
It'd be tough as frick to launder that much money through a butchery.
This post was edited on 8/11/20 at 10:16 am
Posted on 8/11/20 at 10:16 am to TechDawg2007
quote:
Victimless crime. Should be legal
It's not victimless, but it should be legal.
Posted on 8/11/20 at 10:17 am to Jim Rockford
Looks like they got everything in Chicago under control now.
Posted on 8/11/20 at 10:19 am to ProjectP2294
quote:
Looks like they got everything in Chicago under control now.
Yup. They took down that dangerous butcher with a bookie side hustle...you know, the real big fish.
Definitely no violence or rioting or looting to worry about
Posted on 8/11/20 at 10:23 am to Jim Rockford
Posted on 8/11/20 at 10:24 am to Jim Rockford
bookies still exist? I thought you could do all that online now?
Posted on 8/11/20 at 10:25 am to Jim Rockford
quote:63 year-old Italian butcher?
Poeta faces up to three years in prison and has agreed to pay nearly $1.4 million in penalties to the IRS.
I’ll take the under on that he serves all three years.
Posted on 8/11/20 at 10:26 am to Bristol Dawg
quote:
bookies still exist? I thought you could do all that online now?
He might have more of an old school clientele.
If I were to ever place bets on sports outside of a state where it is legal, I imagine that there are bookies who utilize a website in order to facilitate transactions.
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