Tucson man sentenced to 11 years for scamming 1,600 people

2013-07-24T12:52:00Z 2013-07-24T14:38:47Z Tucson man sentenced to 11 years for scamming 1,600 peopleArizona Daily Star Arizona Daily Star
July 24, 2013 12:52 pm  • 

A Tucson man was sentenced in federal court to more than 11 years in prison for defrauding 1,600 people through a variety of scams, officials said.

Anthony Mark Boscarino, 47, had pleaded guilty earlier this year to 43 charges including fraud, money laundering and tax evasion. He was sentenced Tuesday by U.S. District Judge Cindy K. Jorgenson in Tucson.

Officials with the U.S. Attorney’s Office in Arizona said Boscarino was involved in multiple frauds using his Internet sports handicapping site, which operated under several names including Mike’s Lock Club.

He solicited victims to invest in gambling junkets to Las Vegas, oil well projects, collateralized mortgage obligations and several other scams, the office said in a news release.

A news release in 2010 said Boscarino solicited money from investors for a fictitious high limit slot machine player who made regular trips to Las Vegas to play with investors money. The indictment said investors wired Boscarino about $7.7 million and that he diverted about $5 million through various institutions for his own use.

Boscarino was ordered to pay restitution of $6.5 million to 1,685 victims. He was also ordered to pay $1.3 million in unpaid taxes.

The court also ordered a $4.8 million judgment against him and he forfeited several of his cars and bank accounts.

Boscarino was living in Phoenix at the time of his original indictment in 2010.

Copyright 2014 Arizona Daily Star. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Activate

Follow the Arizona Daily Star

Featured businesses

View more...
Get weekly ads via e-mail