Man pleads guilty to long-running sports betting operation
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A Maine man has pleaded guilty to running an illegal sports gambling operation out of his home and business for 14 years, netting him millions.
The Portland Press Herald reports 61-year-old Stephen Mardigan pleaded guilty Wednesday to unlawful gambling, money laundering and filing a false tax return.
Court documents show Mardigan ran the gambling operation from his Portland home and business from 2003 to 2017.
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Mardigan allegedly took bets on sports including college and professional basketball, football and stock car racing. Some bets were as low as $30, but court records show he took bets from two gamblers that reached nearly $5 million.
Mardigan spent the money on various properties around Maine.
He faces up to 28 years in prison during sentencing.
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Information from: Portland Press Herald, http://www.pressherald.com