PHILADELPHIA – Jacob Corropolese, Sr., 65, of Norristown, PA, was sentenced today to 12 months and a day in prison for tax charges in connection with his sports bookmaking operation. On May 6, 2015, Corropolese pleaded guilty to two counts of filing false tax returns. Corropolese received more than $500,000 in proceeds from bettors when he ran a sports bookmaking operation but did not report any of the income on his federal income tax returns for 2010 and 2011. As a result he substantially underreported his income resulting in a total tax loss of $120,002.
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