Florida Man Pleads Guilty for Role in Online Gambling Business

A Florida man entered a guilty plea in connection to his involvement in an illegal online gambling business based in Stanford, Connecticut.

Craig Caffro, 48, pleaded guilty to one count of money laundering and one count of operating an illegal gambling business.

Caffro was one of 20 individuals arrested for their role in running the now shuttered online gambling site 44Wager.com.  All but one of these individuals have agreed to forfeit money and property

FBI analysis  allege that the betting site had generated total gross revenues of nearly $1.7 million during the period of October 2010 and June 2011.

- Gilbert Horowitz, Gambling911.com