From the Suburban New York, police have made arrests of 8 people who are believed to be associated with sports betting operations as detectives were in a crack down on mob-run gambling and loan-sharking.
This was a 10 month investigation that was labelled “Operation Rock Bottom” which focused on unauthorized high-interest street loans, as well as, off-shore gambling portals.
Investigators were in a position to put into custody unauthorized gambling records, more than $750,000 and computers through a search warrant issued to them in Rockland, Bergen County, New Jersey.
Arrested parties were charged with cases of receiving money for bets and putting people who borrowed money under pressure of interest rates of 25% to make payments. They were asked to make their payments weekly and bi-weekly.
4 of those who were arrested reside in Rockland. After the ring was announced, it was realized that it was also operational in Westchester County but no further details were availed.
This gambling website gave bettors usernames and passwords to use while placing bets on football, basketball and other sports events. The charges placed towards the arrested were for monitoring the betting activities taking place on the website and collecting money from losing bettors or winners who were paying out.
Who were Arrested?
Nicholas Farese; a 51-year old resident of Clearwater Court who was charged with promotion of gambling, having in possession of records to gambling and money laundering.
Ronald Ayes is another of the arrested parties residing in South Nyack and is seventy-one years of age. He was also charged with crimes of gambling promotion, money laundering, criminal usury and gambling related records possession.
Mark Moschells a 52 year old New Jersey resident was charged with money laundering crimes and a misdemeanour crime in gambling promotion.
Other people arrested were Vincenzo Reda, Peter Reda, Anthony Moschella, John Reyes and Richard Herman. All were charged with different degrees of money laundering, gambling records possession and promotion of gambling activities.
The investigations were a success due to the efforts of different departments which include the New York and Pennsylvania State Police, Prosecutors in Bergen and Florida and NYPD Asset Forfeiture Unit.
This article is published in: Sports betting scams
Tags: illegality, New Jersey, sports betting
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