2 brothers sentenced in California for running international sports betting ring
August 20, 2016
A judge in San Diego sentenced Jan Portocarrero to 18 months on Friday. They also were fined $50,000.
Nearly $12 million in assets were seized.
Prosecutors say the brothers ran an Internet and telephone gambling enterprise called “Macho Sports” for more than a decade from a headquarters in Lima, Peru.
Authorities say the company took millions of dollars in bets from customers throughout California, strong-armed debtors and laundered proceeds.
SAN DIEGO – Two brothers who ran an international sports betting ring have been sentenced in California to federal prison.
An FBI investigation began in 2011 and led to 18 arrests in Los Angeles, San Diego and Norway, where Erik Portocarrero lived at the time. Erik Portocarrero was given 22 months. All 18 have now pleaded guilty.
The two pleaded guilty to racketeering.