Offshore Gambling 'Pioneer' Details Fall

November 26, 2007 By ADRIAN SAINZ, AP Business Writer Offshore Gambling 'Pioneer' Details Fall (AP)

Steve Buding gestures as he speaks during an interview Tuesday, Oct. 2, 2007 in Miami. Budin, a self-styled offshore sports gambling "pioneer" who built a multimillion-dollar business, saw it all come crashing down when he was arrested in 1998 in the first-ever U.S. prosecution of Internet sports betting. (AP Photo/Wilfredo Lee)

(AP) -- He learned at the knee of his bookmaker father in New York, took street bets in his teens, and partied with Las Vegas high-rollers. He made millions of dollars as a self-proclaimed offshore sports gambling "pioneer," flirted with Internet gambling, and was pinched by the FBI.

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