Has the Lotteries been infiltrated by the mob ?

Reply #13

d1nnl2 — Sun, 30 Jun 2013 12:15:27 GMT

In any business, cash flow is vital. The problem with an all cash business is its difficult to move physical cash around. But as in any business, they are run by smart people who do not bet on a single horse or have all their eggs on a single basket.

The Lottery is a perfect target. How can you question their integrity ? You can see the daily drawings on TV. Can you not trust your own eyes ? The magicians have shown us that we cannot.

Reply #12

Coin Toss — Sun, 30 Jun 2013 00:00:07 GMT

This is a very brief, basic example of how money laundering is done in a casino.

People with 'dirty' money show up and buy in on a game for a lot of money, all in hundreds. Those hundreds (dirty) go into the drop box on the game.

Despite the large buy in they make a couple of bets - consider them 'sacrifice bunts' - and then go to the cage with their 'chips' from the game and cash out, thus geting 'clean' money.

Anyone who does this brings a lot of suspicion on themselves.

I still th... [ More ]

Reply #11

d1nnl2 — Sat, 29 Jun 2013 22:15:12 GMT

Watching the Magic Revealed on cable, 2 episodes seems relevant here.

1. On this one, a magician has a glass of water on a table, engages someone from the public and somehow the participant manages to turn clear water into something dark. As revealed, the water has been laced with a chemical that on a fixed time will cause a chemical reaction to turn the water into a darker color.

2. On another, a magician drops a bowling ball into a maze of tubes and miraculously escapes. It turns out, th... [ More ]

Reply #10

d1nnl2 — Sat, 29 Jun 2013 21:19:49 GMT

I guess they just have money to burn. If they have that much money to burn, I know of a million other ways to burn it besides the small games, Pick4. In NJ Pick4, last year, I estimate the total payout to be $5M, if you won on each of the 727 draws with a $1 str8/box. So, a $52k investment can yield in my estimate at least $20M, if you play at least 4 or 5 times on a winning number a draw.

So these guys must be very good pickers, or the lottery truly has been broken and they have the keys.

Reply #9

Jon D — Sat, 29 Jun 2013 15:41:13 GMT

Which small games do you see people dropping $1000/week on? Pick 3, Pick 4?

Either way, that is a horrible way to launder money, throwing away 50% just so you can claim the remaining 50% doesn't make any sense. The illegal numbers game or Casino numbers at 60-80% or 90% payout might be a little better, but the lottery at 50% payout is just a waste of perfectly good stolen money. It doesn't work the same as Casino gambling with no cash in/out opportunity.

Or if done from the gaming side, it... [ More ]

Reply #8

RJOh — Sat, 29 Jun 2013 15:24:49 GMT

A good tax accountant can't help someone who is getting public assistance and doesn't wish to stop getting it.

Reply #7

d1nnl2 — Fri, 28 Jun 2013 21:53:58 GMT

I guess in your opinion only Apple and the other big guys can afford a good tax accountant. I venture to say that the other side can too.

Reply #6

Artist77 — Fri, 28 Jun 2013 21:53:42 GMT

The infiltration was by gang members....I lost my source for winning numbers since Hernandez is going to prison.

Reply #5

Coin Toss — Fri, 28 Jun 2013 21:11:16 GMT

d1nnl2,

Actually you could say the mob has been infilitrated by the states. What used to be called 'policy' and was played in the inner cities for five cents became 'the number' and was run by a lot of guys named Guido and Vinny with a lot of runners named Tony Bagodonuts. (As Stack alluded to). Bagodonuts were brown paper bags filled with bet slips and cash, of someone asked What's in the bag? the answer was Donuts .

For a while in Jersey (North Jersey anyway) hitting the number paid $500... [ More ]

Reply #4

RJOh — Fri, 28 Jun 2013 20:53:52 GMT

Money laundering in the lotteries? Who do you think is buying the winning tickets of players who want to avoid paying taxes on their winnings

Reply #3

d1nnl2 — Fri, 28 Jun 2013 20:42:38 GMT

I understand that but vigilance is required every day. Complacency is the enemy

Reply #2

Stack47 — Fri, 28 Jun 2013 19:47:33 GMT

The mob has booked the same pick-3 numbers the lottery draws and pays $600 to $1. I doubt the on the inside with state lotteries because the controlled by a rival mob called our state legislators.

Reply #1

MADDOG10 — Fri, 28 Jun 2013 19:06:52 GMT

They've been saying that for years, and it's been investigated many times with no validity..

But people do have different assumptions so I guess let them feed thier own minds..

Has the Lotteries been infiltrated by the mob ?

d1nnl2 — Fri, 28 Jun 2013 17:39:29 GMT

Its amazing to see anyone playing $1K on small games every week, paying in bundles of small bills. In a year thats at least $52K. So my guess is these guys are net positive on their plays. And if they are, then the $52k must yield wins in multiples of 1000x or more.

I have read about money laundering in casinos, but money laundering in lotteries ? Is it possible ? But how ? Let the consipracists ran wild