Offshore Gambling Charges Net 30 Indictments in Queens

Gambling News - October 24th, 2009 - Written by Glen

A betting organization that had collected over $560 million dollars over a span of twenty-eight months was brought down this week by New York authorities. The offshore betting operation, which allegedly had links to organized crimes, was busted and shutdown, ceasing the illegal wagering on sports that had taken place. Unlike USA online sportsbooks, this form of gambling is completely illegal.

The Gambino and Genovese crime families, according to the Queens district attorney, had allegedly been involved in the racket, generating nearly $20 million dollars of dirty money on a month basis. A wire room in Central America had been used as a point of operation, according to reports.

Over $3 million dollars cash has been seized over an investigation that took just over three years, under the name Operation Bet It All. Twenty seven have already been arrested, and three more are still under investigation for their roles in the gambling scheme.

The charges brought upon the defendants include enterprise corruption, money laundering, conspiracy and promoting gambling. Those convicted could face a whopping twenty-five years in prison. Millions of dollars in forfeitures are being demanded from many of the defendants, which is a mere fraction of the massive amounts of money that had been traded throughout the operation of this illegal enterprise. It has been suggested that the operation extended throughout most of the contiguous United States. Over 8,000 gamblers had been involved in the ring.

To discuss this and other Entertainment related articles, drop by our brand new forum at :
https://www.usaplayers.com/forums/