..

‘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

How Difficult is Sports Betting Math

 

Learn the numbers behind sports betting and how it works. What are the chances of winning? How do you break even?

Pete Rose Becomes New Spokesperson for VegasWinners.com

Pete Rose Becomes New Spokesperson for VegasWinners.com

Reno, NV, VegasWINNERS, Inc. announced today that Baseball’s all-time hits leader Pete Rose is back in the spotlight as spokesperson for VegasWINNERS national marketing campaign. VegasWINNERS.com provides sports betting enthusiasts with high quality analysis, research, data, guidance and professional advice.

3 Gambling Myths Explained

Gambling has been a part of mass culture since the 6th century BC.  In all that time, there have been a large number of gambling myths that have sprung up.

Gambling for Real Money in Australia - Is It Legal and Profitable?

Gambling for Real Money in Australia - Is It Legal and Profitable?

It seems impossible to play and earn money when every penny comes from hard work and diligence. But thanks to online gambling Australia, you can succeed after a few bets. If you do not want to risk your investments, then this method is not for you.

Experts Believe Covid-19 and Fan Eagerness May Expand Sports Betting in US

Experts Believe Covid-19 and Fan Eagerness May Expand Sports Betting in US

Experts believe that huge holes in state budgets due to the coronavirus pandemic and the demonstrated eagerness of fans to bet on sports are likely to spur a further expansion of sports betting and online casino gambling.

Syndicate