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