Sportsbettingchamp.com founder faces jail time in illegal gambling case

The man behind sportsbettingchamp.com was sentenced to 18 months in federal prison for running an illegal gambling operation in Las Vegas and hiding some $1.4 million from IRS.

Tony Chau, 32, was also ordered on Thursday to pay $567,571 in restitution to the Internal Revenue Service (IRS) and forfeit $1.4 million to the federal government, the Las Vegas Review-Journal reported. In addition, he has to stay out of the gambling business during his three-year supervised release from prison and will have to serve 200 hours of community service.

Chau, who has penned Exterminator Sports Betting System, told the court he’s a “broken man,” admitting that he should have been more careful in his business dealings, according to the report.

Back in May, Chau pleaded guilty to charges of conducting an illegal gambling business, money laundering and making a false statement on a tax return.