A Bowling Green man has been indicted in federal court for running an illegal wagering business, money laundering and failure to file income taxes.
Federal prosecutors say Douglas Booth, 48, (who has also lived in Costa Rica) received money as he assisted in placing bets between Kentucky and Costa Rica on sporting events between 2001 and 2016. He was formally charged with transmission of wagering information, conspiring to launder money, four counts of money laundering, and five counts of failure to file federal income tax returns, according to media reports.
Booth is accused of laundering over $500,000 in cash from 2013 and 2016 and using those proceeds to purchase two airplanes for $307,000. He also used profits from illegal gambling to make cash payments on bank loans.
Furthermore, Booth used illegal proceeds to buy interest in apartment complexes in Bowling Green and Russellville.
Prosecutors say Booth must forfeit two pieces of property, $471,000, 24 bars of silver, and two airplanes, in addition to possible prison time if convicted.
(Photo: Douglas Booth at the World Series of Poker several years ago)
By Ken Howlett, News Director
Contact Ken at ken@k105.com or 270-259-6000
