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A Steubenville man forfeited more than $1.5 million and was sentenced to eight months of house arrest for operating a gambling business.
Timothy Smith, 53, pleaded guilty earlier this year to one count of conducting an illegal gambling business. Carole Rendon, acting U.S. attorney for the Northern District of Ohio, and Ohio Attorney General Mike DeWine made the announcement.
Smith operated Timmy's, a sports wagering business in Steubenville where people could wager on professional and amateur sporting events. Employees at Timmy's displayed dry erase boards and paper fliers showing high school, college and professional sporting events and associated point spreads.
Confidential sources placed several bets on games in 2013 and 2014, according to court documents.
In May 2014, $1.5 million was seized during a series of raids by local and state law enforcement officials in Steubenville, Wintersville and Bloomingdale.
Steubenville Police Chief Bill McCafferty and DeWine said the cash was found after authorities served search warrants in the area.
James Ciotti, special agent supervisor with the bureau, said in May 2014 that he couldn't disclose the address where the money was discovered, but said a locksmith was employed to remove the cash from a safe there.
Ciotti said piles of cash in various denominations, from $2 to $100, were obtained from the safe.
Assistant U.S. Attorney David Toepfer and James Morford prosecuted the case, following the investigation by the Ohio Bureau of Criminal Investigation, the Steubenville Police Department and the FBI.