The assets of Stephen Mardigan – a bookmaker in Maine – provided a substantial boost to the seizures of the federal authorities totals for the 2019 fiscal year. This is according to the latest data gotten from the United States Attorney’s Maine District Office.
The DOJ (Department of Justice) ordered 63-year-old Mardigan, to hand over more than $13 million in real estate in Portland, Maine area, together with $1.1 million in cash. This represents a considerable chunk of the assets that were seized in the Pine Tree State in the last fiscal year.
In total, the United States attorney’s office disclosed that it seized an estimated $19.8 million in assets that was forfeited last year in Maine. This is according to reports from Casino.org.
In a press release, they stated that.
“The office collected the assets during the federal fiscal year 2019, which ended Sept. 30.”
The windfall from Mardigan assisted federal authorities to more than quadruple the sum of $3.9 million they seized in 2018. Due to the asset of the bookie, DOJ collected more funds in Maine’s fiscal 2019 than all the what they’ve gotten for five years combined.
Mardigan: The Main Guy for Maine
In May last year, Mardigan entered a guilty plea in a federal court. He was guilty of money laundering, illegal gambling, and filing a false tax return. These crimes earned him a 15-month stay at the Federal Medical Center in Devens, Massachusetts.
He was incarcerated in January 2019 and from the look of things, he may be out sooner than expected. He could be released on the 30th of January, 2020 because of good behavior.
From 2003 and for 15 years after that, Mardigan ran one of the biggest illegal bookmaking operations in the history of Maine. His services accommodated both big-time players and small-time gamblers.
During proceedings in court, the United States Attorney’s Office presented incontrovertible evidence that the bookie collected bets as small as $20 to as high as $10,000. They also noted that two of his customers placed an estimated bet of $4.4 million over the years.
The Investigators projected that Mardigan earned about $9 million to $12 million spanning twenty years of sports betting. The documents showed that two of his largest bettors paid him about $4.4 million in gambling debts between 2009 – 2016. This is according to reports from The Bangor Daily News.
The charges of money laundering brought against the notorious bookie accused him of making use of a car dealership where he was a co-owner and the above-mentioned real estate holdings to clean his illegal proceeds.
Moving Closer to Legalization
At this time, the northeastern state in the United States is not among the 19 that signed-off on sports betting, but there is existing legislation there that could change this for good.
At the start of the year, lawmakers in the state passed a bill that’d approve sports gambling, but Governor Janet Mills did not sign it.
According Mills she said:
“I will continue to review these bills and gather more information, and I look forward to acting on them at the beginning of the next legislative session,”