LOS ANGELES—Federal authorities Thursday announced a series of cases stemming from an illegal Southern California-based gambling operation that involved current and former professional athletes, some of whom allegedly assisted with the business and others who placed large bets on games. The principals of the operation agreed to plead guilty to conspiracy charges and admitted they took in millions of dollars in bets, many of which were facilitated by a Costa Rica-based gambling website, according to the U.S. Attorney’s Office. One of the leaders of the scheme also admitted that he failed to report to the IRS nearly $1.5 million in income he received from the gambling scheme over two years. The owner of the online gambling business and website pleaded guilty earlier this month and admitted the business was illegal under California law because it involved at least five people, operated for at least six years, and often had gross …
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