Norristown Bookmaker Gets Prison Term For Tax Charges
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.
In addition to the prison term, U.S. District Court Judge Jan E. DuBois ordered the defendant to cooperate with the IRS in its collection of $238,000 in taxes, interest, and penalties, including $50,000 paid today, a special assessment of $200, and one year of supervised release. Corropolese was ordered to report to prison by November 30, 2015.
This case was investigated by the Internal Revenue Service Criminal Investigations and the FBI. It was prosecuted by Assistant United States Attorney Nancy E. Potts.