Father and son duo sentenced to prison for $20M lottery scam

1 min read
Source: CBS News
Father and son duo sentenced to prison for $20M lottery scam
Photo: CBS News
TL;DR Summary

A father and son duo from Massachusetts have been sentenced to federal prison for their involvement in a "ten-percenting" lottery scheme that involved reselling winning tickets illegally at a discount price. The Jaafars cashed more than 14,000 lottery tickets between 2011 and 2019, claiming over $20.9 million in proceeds that were not reported on their tax returns, resulting in about $6 million in federal tax losses. They were convicted of conspiracy to defraud the IRS, conspiracy to commit money laundering, and filing a false tax return. The Jaafars allegedly pocketed at least $1.2 million of the government's lost tax money.

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