Nathan Paetsch sentenced for illegal sports betting

Grand Rapids Griffins player Nathan Paetsch has been sentenced for being part of an illegal sports betting business that took wagers from other players.

Chief U.S. District Judge Frank P. Geraci Jr. has sentenced Paetsch on Friday to eight months of home confinement, 400 hours of community service and a $265,000 forfeiture.

Paetsch, who has accepted a plea agreement in June with federal prosecutors, has admitted providing fellow gamblers with the current odds on sporting events, making arrangements to collect debts, and keeping bettors informed of their credit limits and balances. Paetsch also acknowledged receiving cash or credit from his bookies when friends and other players placed bets with the online service.

In addition, he also confessed structuring a bank transaction to evade reporting requirements.