Gambino family sports betting and loan sharking rings busted

October 20th 2011 | Posted by UnderBoss


In pre dawn raids NYPD’s organized task force took down Gambino crime family linked gambling rings. Operation Flat Rate targeted two illegal sports gambling operations using offshore wire rooms to book sports bets and a policy or numbers scheme where gamblers placed bets on the New York Lottery and Win 4 numbers. According to authorities these illegal gambling operations had generated millions of dollars. In all 37 individuals were taken down for their alleged roles in the gambling operations.

Among those arrested were alleged Gambino family soldiers James Puterie and Vincent Romano and alleged Gambino associates Louis Peteroy, Christopher Sorrentino, Louis Lombardo, Frank Esposito, and Nicolas Fulciniti. Also arrested was bit actor John Marinacci who played parts in both Boardwalk Empire and The Sopranos. In King County three of the five indictments unsealed charged 35 of the 37 defendants with Enterprise Corruption among other charges with in itself carries a sentence of 8 to 35 years in prison.

Police Commissioner Raymond Kelly announced the bust during a press conference and said that the proceeds from illegal gambling and loan sharking are fuel for organized crime and they promote addiction and burden many families with debt from usurious loans.



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