Major N.Y. sports betting ring busted

Comment #3

sully16 — Fri, 27 May 2011 12:08:01 GMT

200% interest, bad, just bad.

Comment #2

ttech10 — Wed, 25 May 2011 22:47:57 GMT

I think the major issue for them was the fact that they were also loansharks, forcing people to play up to 200% interest rates, and when the bettors didn't pay up they were squeezed for the money. Plus the whole thing about most of the stuff being done in Costa Rica/having the money shipped to Costa Rica after they got paid.

It's not like this was just some website that allowed simple, legit online gambling.

Comment #1

surimaribo24 — Wed, 25 May 2011 16:32:37 GMT

NYPD has nothing better to do . i just dont get it whats the big deal about online gambling. you got spam site you got porn site . all those crap is normal for nypd but gambling they make a big deal about .

Major N.Y. sports betting ring busted

Lottery Post — Wed, 25 May 2011 11:15:49 GMT

Operated out of strip malls; 14 classic cars worth $100K each seized in raids

Authorities busted a multi-million dollar sports gambling ring Tuesday that started out in a Staten Island video store and grew into an online operation run out of Costa Rica, officials said.

More than a dozen raids were executed in three states Tuesday, leading to 28 arrests and the seizure of $5.7 million in assets including a Staten Island strip mall, real estate and 14 classic cars worth $100,000 a pop.

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