Nov 6, 2014
Oct 30, 2014
Oct 2, 2014
Sep 25, 2014
Former Kingston man gets prison for gambling operation
CONCORD - A former Kingston resident will spend the next two years in federal prison for his role in an illegal computer-based gambling operation that generated $188,000 in profits over 12 weeks, federal prosecutors said.
John Giannelli Sr., 66, who currently lives in Danvers, Mass., was a sentenced to prison Thursday in U.S. District Court.
In September, he pleaded guilty to one count of operating an illegal gambling business, one count of money laundering and five counts of impeding the administration of IRS laws, prosecutors said.
In a statement issued Thursday, prosecutors said Giannelli controlled access to a gambling site through user IDs and passwords. Some 300 customers made sports-related wagers while Giannelli monitored the overall betting activity.
Computers were seized at his home last March and a forensic analysis determined the operation generated $188,000 in gross profits.
Prosecutors also said Giannelli laundered his earnings by providing cash to one of his betting customers, who listed Giannelli on his payroll. The business issued paychecks to Giannelli, making it appear that he earned the money.
Between 2003 and 2007, Giannelli laundered $452,000, prosecutors said.
READER COMMENTS: 0
- Manchester police investigating after man stabbed in neck - 0
- Ferguson protests enter third day; arrests in St. Louis - 0
- Abuse history at Nashua address where 3-year-old died - 6
- Franklin robbery suspect sought, considered armed and dangerous - 0
- Franklin man and woman arraigned for attempted prostitution of minor - 0
- Police investigating death of 3-year-old girl in Nashua - 7
- Police say hit-and-run driver was observed tossing beer cans from car - 0
- Police say woman stole pocketbook at Hudson Market Basket - 0
- Police say former manager of Hudson McDonald's stole $10k from restaurant - 1
READER COMMENTS: 0
- Celtics Insider: Celtics rule Smart out of tomorrow's game against Chicago - 0
- Berube the backbone of Monarchs' team 'D' - 0
- Packers QB Revis will pose a challenge for Patriots - 0
- Hudson may start charging for non-transport ambulance calls - 0
- NH suffers 4th worst outage on record - 0
- Camping out didn't pay for shoppers - 0
- Newsreel: Concord economic forecast; Tech Council hosts forum; UNH Fairchild Dairy honored - 0
- Londonderry-based MegaFood launches transparency project in vitamin industry - 0
- Grant program to help Granite State students with loans - 0
NH suffers 4th worst outage on record
Camping out didn't pay for shoppers
- Whom do you think bears the brunt of the blame for the mayhem this weekend in Keene?
- KSC students
- KSC administration
- Visitors from out of town
- A combination of any/all of the above
- Total Votes: 2483