New York Mafia Members Busted on US Online Gambling Charges

The result of a US federal investigation called “Operation Shark Bait” has led to federal investigators arresting members of NY based organized crime family.

Experts say that “Operation Shark Bait” is a long running operation that is designed to arrest those who are unlawfully conducting online gambling businesses in the USA.

Back in December 2016, local news sources have reported that members of the Genovese family were arrested for operating the website 4spades.org. On this site, patrons would login with their username and password and place sports bets.

The website itself didn’t accept money because patrons would settle up with the websites agents face to face.

The operators of the website were linked to a Costa Rica wire room; investigators say that millions of dollars in wagers went through this wire room. Sports betting industry analysts call this model the “Price per head” sports betting model.

New York Mafia Members Busted on US Gambling Charges

Agents must go out and recruit people who will make bets on these websites and interact with the agent in real life. Other price per head sports betting websites have been linked to the Genovese family. Federal investigators say that BetEagle.com was also run by the same family.

“These defendants allegedly went to great lengths to trap their victims with exorbitant rates, all while evading our gambling laws and taking offshore bets,” New York State Attorney General Eric Schneiderman said in a press conference.

“No matter how complex or clever the scheme, we will continue to work with our law enforcement partners to take down traditional organized crime,” Schneiderman added.

Online gambling advocacy groups have used this event to call for legal and regulated online sports betting nationwide in the USA.

March 30, 2017 by : Posted in 2017 No Comments

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