2 men convicted in multimillion-dollar Ohio tax fraud case

Two men have been sentenced after being found guilty in a multimillion-dollar gambling tax fraud case in Ohio.

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Christos Karasarides Jr. was sentenced to at least 21 years in prison and three years of supervised release.

He is ordered to repay more than $5 million in restitution, forfeit his residence and more than $400,000 in cash, according to the Department of Justice (DOJ).

Ronald DiPietro was sentenced to at least nine years in prison and three years of supervised release.

The DOJ also ordered him to repay at least $4 million in restitution.

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The crimes occurred between 2009 and 2018.

DiPietro was a certified public accountant (CPA) when he and Karasarides operated the gambling businesses together.

They made at least $7 million in profits, the DOJ said.

The two men tried to hide their property by using nominee landlords and “fictitious contracts,” prosecutors said.

Karasaides caused a tax loss of $5.4 million to the IRS, while DiPietro created a tax loss of more than $4 million to the IRS.

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