Offshore Betting Deal Gets Men 5 Years, Fines As reported by the Associated Press: "Federal authorities have recovered $9.3 million in fines, forfeitures and income taxes from a group of men who operated an overseas betting operation, including two who also ran a publishing house in eastern Wisconsin. "Duane Pede and Jeff D'Ambrosia were convicted of violating federal laws against an offshore bookmaking operation in 2002 and of filing false income tax returns. "Pede and D'Ambrosia co-own Gold Medal Sports, a betting operation in the Caribbean nation of Curacao, and they also ran a publishing house in Nelsonville that advertised the gambling service. "...The two were sentenced to five years in prison and ordered to pay more than $5.1 million in fines and back taxes..."
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