..

‘Operation Shark Bait’: Gambino-Tied Bookie Pleads Guilty to a Usury Charge

Written by:
Guest
Published on:
Aug/19/2017

Joseph Tommasino, 52, of Staten Island, New York, has plead guilty to a usury charge.

Tommasino and 12 others were nabbed back in December as part of an investigation dubbed “Operation Shark Bait”.  The defendants are alleged to have worked on behalf of the Gambino Crime Family.

The gambling and loan sharking ring utilized a Costa Rican-based wire room with customers forced to pay “exorbitant’ weekly loan payments through the website 4Spades.org, which authorities say raked in millions of dollars in wagers.

Tommasino was initially charged with enterprise corruption, criminal usury and conspiracy, court papers state.

The probe focused on the alleged loansharking and bookmaking activities of purported Genovese "made member" Salvatore DeMeo and alleged Genovese "associates," or "non-made" members, Gennaro Geritano, Eugene Orefice and Anthony "Buckwheat" Giammarino, the attorney general said.

- Gilbert Horowitz, Gambling911.com

Gambling News

Can I Bet on MyBookie From Oklahoma

Can I Bet on MyBookie From Oklahoma

While MyBookie is currently acessible to Oklahloma residents, Gambling911-endorsed BetUS offers more generous cash bonuses (max bonus $2500) with fast payouts. 

How Do Sports Betting Odds Work?

How Do Sports Betting Odds Work?

Sportsbooks offer punters odds on every Sportsbet. Odds indicate the likelihood of a booked game occurrence. As a newbie or regular punter, it is essential to have an understanding of how these betting odds are calculated and how they work.

SBR Suspends Rating on 5Dimes, No Likelihood of Remaining in Business

SBR Suspends Rating on 5Dimes, No Likelihood of Remaining in Business

From an A+ to an Incomplete in just a matter of days, Sportsbook Review last week suspended its rating for 5Dimes as complaints mount that the company will not be honoring pending future wagers upon shutting off to the US market on Monday September 21, 2020.

New Sportsbook in USA Gets Cozy With Established Players

New Sportsbook in USA Gets Cozy With Established Players

A new US-licensed sportsbook plans to focus heavily on value.  Vigtory announced its new partnership with data and digital content provider Sportradar.

Can I Bet With MyBookie.ag From Connecticut

Can I Bet With MyBookie.ag From Connecticut

You can bet on MyBookies.ag from Connecticut courtesy of BetOnline, which offers a generous welcome bonus ($1000 max bonus).

Syndicate