'As this year's football season kicks off, CI special agents are leaning on public-private partnerships and paying close attention to data gleaned from a variety of sources such as currency transaction reports and suspicious activity reports to Forms 8300 that indicate criminal activity like money laundering and tax evasion.' 'Sports betting is all fun and games until funds are laundered and individuals fail to meet their tax obligations,' said IRS Criminal Investigation Chief Jim Lee. The average prison sentence for adjudicated cases was 23 months. Of these, 89 cases resulted in indictments, with a 96% conviction rate for prosecuted cases.

Illegal gambling activity can result in criminal charges ranging from money laundering to tax evasion.īetween 20, CI initiated more than 100 investigations into illegal gambling activity totaling more than $178 million. taxpayers may engage in friendly wagers on their favorite teams, but when the game of chance turns into illegal criminal activity, IRS Criminal Investigation (CI) is ready to tackle. Contact: - As football season kicks off, U.S.