Tucson man gets prison for defrauding 1,685 people

Tucson man gets prison for defrauding 1,685 people

By Rikki Mitchell. CREATED Jul 24, 2013

TUCSON, Ariz. (AP) - A Tucson man has been sentenced to nearly 12 years in federal prison for defrauding more than 1,600 people.
   
Prosecutors say 47-year-old Anthony Mark Boscarino had pleaded guilty earlier this year to 43 charges including fraud, money laundering and tax evasion.
   
In addition to a 135-month prison term, Boscarino was ordered to pay restitution of $6.5 million to 1,685 victims and also pay $1.3 million in unpaid taxes.
   
Prosecutors say Boscarino was involved in multiple frauds using his Internet sports handicapping site, which operated under several names.
   
Boscarino was accused of soliciting victims to invest in gambling junkets to Las Vegas, oil well projects, collateralized mortgage obligations and several other scams.
   
He was indicted in 2010.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Rikki Mitchell

Rikki Mitchell

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Rikki Mitchell is a proud University of Arizona grad and joined the KGUN9 team after graduation. Rikki reports as a video journalist for the evening and weekend newscasts.

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