Here's your Forbes Daily Briefing for Monday, October 6th.

Today on Forbes, Bookie tied to Otani's interpreter says half of all pro athletes gamble on sports.

At 9.30 a.m. on October 5th, 2023, Matthew Boyer was in his driveway in San Juan Capistrano, California,

buckling his son into the car seat when he heard someone yell, FBI, freeze.

Boyer, who was 48 years old at the time, turned around to see more than two dozen agents,

pointing rifles and clad in tactical gear surrounding him and his home.

The bookie, who says he has taken $1 billion in wagers from his 1,200 clients that year, betting on sports games, knew he was in

over his head. At the time, he figured the agents had come to his home because of one particular

client, Ipe Mizuhara, the interpreter for the Los Angeles Dodgers star player

Shohei Otani, who would run up a gambling debt of $40.2 million in just over two years.

The scandal almost took down baseball's three-time MVP and the second highest-paid player in the

game. Otani denied any involvement and was never charged with the crime,

saying Mizuhara defrauded him of millions of dollars.

After an investigation revealed Mizuara was the one gambling,

stealing a total of $16.2 million from Otani to pay Boyer $500,000 every few weeks,

he received a five-year prison sentence for bank and tax fraud.

For his role, Boyer was sentenced to 12 months and one day for running an illegal gambling

operation, money laundering, and filing falsified tax returns.

While Boyer is the face of the biggest sports betting scandal in recent history, his conviction

does not mean that the illegal bookmaking industry is going away.

He tells Forbes, quote, the illegal side is always going to be there.

According to the American Gaming Association, over the last 12 months, illegal sportsbooks

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