Portland man sent to jail for operating gambling ring

A Portland man who operated a gambling operation for around 14 years in Maine, Portland has been sentenced to a relatively light 15-month federal prison term by a Portland court.

Stephen Mardigan (62), who ran the betting operation from his home and through his used-car dealership, claimed he suffers from gambling addiction, the Portland Press Herald reports.

Mardigan reportedly laundered the proceeds through the purchase of 19 real-estate properties valued at over $13 million, most of which he has had to forfeit under the plea agreement.

The maximum sentence Mardigan could have received for unlawful gambling, money laundering and filing a false tax return was a 28-year jail term, however mitigating factors and “federal guidelines” contributed to the lighter sentence, Chief Judge Jon Levy said.

Read more about it here.

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