A 40-year-old Odessa businessman was sentenced in Federal court on Wednesday morning in connection with an illegal sports wagering enterprise, according to the Department of Justice.
Officials say Jose Dominguez was sentenced to three years in federal prison after he pled guilty to one county of money laundering and one count of tax evasion.
Dominguez had been accused of operating an illegal sports betting enterprise from 2011 to 2016.
The DOJ says Dominguez allowed people to place bets via www.betvegas365.com and 1betvegas.com, which were paid through cash, checks, wire transfers or direct deposits into several bank accounts controlled by Dominguez.
He then used those funds to purchase property and create businesses such as Peps Properties and Permian Basin Consulting LLC, according to a release.
The businesses were then used to conceal the source and nature of the proceeds, DOJ officials say.
Dominguez reportedly received more them $2.3 million in gambling proceeds.
In addition to the prison sentence, Dominguez has been forced to forfeit seven properties in both Midland and Ector Counties and pay $1.9 million in restitution.