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UPDATED: Homes, restaurant raided in gambling investigation
Greece, N.Y. - Three men have been charged for their alleged part in an illegal gambling business worth $76 million in assets.
According to the U.S. Attorney's Office, Paul Borrelli, Joseph Ruff (both of Rochester) and Mark Ruff (of Connecticut), have conducted an illegal gambling business involving sports betting that utilized multiple offshore gambling websites.
The men provided betters with accounts and passwords to offshore gambling websites that allowed them to place wagers on sporting events. Then betters settled their wagers in face-to-face meetings, drop-offs at residence or the Marina Bar (owner and managed by Borrelli and J. Ruff), FedEx deliveries and bank deposits.
Borrelli, 66, faces 12 counts of money laundering, two counts of depositing gambling proceeds into business accounts held by two Rochester companies to conceal the nature of the money, and ten counts of interstate financial transactions involving more than $10,000.
Ruff, 32, was charged with ten counts of money laundering, three counts of depositing gambling proceeds into bank accounts with the intent to hide the nature of the money, and ten counts of interstate financial transacstions involving more than $10,000.
During the search of the men's residences, law enforcement seized over $80,000 in gambling proceeds secreted in varioud locations.
Borrelli and J. Ruff were arraigned Wednesday afternoon. They are due back in court on July 1, 2014.
An arrest warrant has been issued for Mark Ruff, 40.