New Canaan Man Gets 33 Months in Jail for Gambling Ring Role

Joseph Borea pleaded guilty to participating in a sports-betting ring that raked in nearly $1.7 million, authorities said.

A New Canaan man was sentenced to nearly three years in jail for his role in a sports gambling ring that raked in nearly $1.7 million.

Acting United States Attorney Deirdre M. Daly announced that Joseph Borea, 56, of New Canaan, was sentenced Friday, Nov. 1 by U.S. District Judge Vanessa L. Bryant in Hartford to 33 months of imprisonment, followed by three years of supervised release, for being involved in organized crime-controlled gambling businesses. 

Borea was also ordered to forfeit $75,000 and pay a $50,000 fine.

According to court documents and statements made in court, after a long-term investigation led by the FBI Fairfield County Organized Crime Task Force, the Internal Revenue Service – Criminal Investigation and the Stamford Police Department, Borea  Dean DePreta, Richard Uva and 17 other individuals were charged with various offenses related to their involvement in an illegal Internet sports bookmaking operation and illegal card gambling clubs. 

As part of the conspiracy, DePreta and Uva were involved in the collection and payment of “tribute” payments to Gambino organized crime family associates in New York. The investigation, which included the use of court-authorized wiretaps, revealed that DePreta operated a large-scale sports bookmaking business in which gamblers placed bets with offshore Internet sports-gambling websites, particularly www.44wager.com based in Costa Rica. 

Uva served as the “master agent” for the bookmaking operation. In addition, DePreta, Uva and others operated card gambling clubs in Stamford and Hamden where a house percentage, commonly referred to as a “rake,” was collected from every hand played. Borea collected gambling debts for DePreta and Uva.

FBI analysis of the sports-betting web site utilized by the co-defendants has determined that the total gross revenues of the Stamford-based gambling operation were nearly $1.7 million from October 2010 to June 2011.

Borea has been released on bond since his arrest on June 13, 2012.  On August 7, 2013, he pleaded guilty to one count of conspiring to violate the federal Racketeer Influenced and Corrupt Organizations (RICO) Act.

DePreta and Uva also pleaded guilty and are currently serving prison terms of 71 months and 46 months, respectively.

To date, 18 defendants who have pleaded guilty have agreed to forfeit approximately $1.4 million.

The case is being investigated by the FBI Fairfield County Organized Crime Task Force, the Internal Revenue Service – Criminal Investigation, the Stamford Police Department, the Bridgeport Police Department and the Connecticut State Police.  This case is being prosecuted by Assistant U.S. Attorneys Hal Chen and Peter Jongbloed.
Bill Payer November 05, 2013 at 10:01 AM
SAC Capital Cohen walks free and this guy gets 3 years. What a joke.
Thos Herbst November 05, 2013 at 10:57 AM
There are many SAC hedge fund workers locally and others who used to work for them, waiting for the other shoe to drop? The dirty secret is that with all their $$$ donated and used to employ local tradespeople, no one wants to come out as for the DOJ indictment and continuing investigations.


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