PHILADELPHIA PA May 7, 2015 – Jacob Corropolese, Sr., 65, of Norristown, PA, pleaded guilty today to tax charges in connection with his sports bookmaking operation. Corropolese admitted to filing false tax returns when he ran a sports bookmaking operation. Corropolese received more than $500,000 in proceeds from bettors but did not report any income from his bookmaking activities on his federal income tax returns for 2010 and 2011. As a result he substantially underreported his income in each year.
This post was imported from a legacy archive. Please excuse any formatting inconsistencies.