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Santa Monica Man to Pay Nearly $14M for Illegal Gambling, Money Laundering

Summary by Santa Monica Mirror
The scheme caused an estimated tax loss to the IRS of $3.8 million, officials said A Santa Monica man has pleaded guilty to operating an illegal gambling business, evading millions in taxes, and laundering money through real estate and gold investments, federal prosecutors said Tuesday. Christopher Scott King admitted in court to running a large-scale bookmaking operation using a Costa Rica-based sports betting website to facilitate illegal wage…
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Santa Monica Mirror broke the news in on Thursday, May 1, 2025.
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