Chicago Outfit bookmaker is going back to prison
Greg Paloian, 66, was handed two and a half years in prison on Wednesday for his involvement in running a significant sports betting ring that brought in hundreds of thousands per month.
At the Dirksen Federal Building, Paloian implored Judge Joan Lefkow for a probation sentence instead due to his recent diagnosis of early stage Alzheimers. The plea fell on deaf ears.
He copped a plea deal with the feds in January 2021 where he admitted to running his vast sports gambling operation and falsifying his tax documents. Professional baseball, football, basketball, hockey, and college sports were all fair game.
Paloain was active on Facebook, where some reports say he was “flaunting his earnings” from his hundreds of thousands of monthly revenue and his earnings he extorted from hi-stakes losers.
When the dust settled, Judge Lefkow handed two and a half years to Paloain, leaving him to ask the judge, “What does this sentence accomplish?”. He believed this would ultimately be a “death sentence.”
His attorney stated that his client was “still digesting Wednesday’s disappointment” and denied to comment. Paloain must report to his prison facility by May 20th.