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Connecticut bookmaker pleads guilty to money laundering

3rd April 2012 9:39 am GMT

A Connecticut resident pleaded guilty Monday before U.S. District Judge Mark R. Kravitz to one count of money laundering in relation to an illegal sports betting business.

Paul J. Graziano, 45, of Burlington, waived his right to indictment and pleaded guilty to laundering revenue from a bookmaking business which he operated between 2006 and 2009.

According to court documents, Graziano operated an illegal sports betting business that used two online betting sites and involved at least [...]

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