Federal prosecutors say a former minor league pitcher was the ringleader of an illegal sports betting operation in California that used former pro athletes as bookies and active players as clients.
FILE - In this May 14, 2018 file photo, betting odds are displayed on a board in the sports book at a hotel casino in Las Vegas. A former minor league pitcher was the ringleader of an illegal sports betting operation in California that included current and former pro athletes, federal prosecutors said.
Court records offered no names of the players who worked for Nix or those who placed bets with his business, but they provide a glimpse of the kind of money being wagered, earned and lost. Nix, 45, has agreed to plead guilty to conspiring to run an illegal gambling operation and faces up to eight years in prison. He also admitted he failed to report $1.4 million in income in 2017 and 2018. He has agreed to pay back taxes and interest of $1.25 million and forfeit $1.3 million seized from bank accounts.Nix began the sports bookmaking business about 20 years ago after his six-year minor league career — with stops in Arizona, Texas and California — ended, prosecutors said.
Those who exceeded credit limits were shut off, though exceptions were made, according to court documents.
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