Online sports gambling ring bust nets 17 suspects | Reuters

A phone call to his home was not answered.

The three suspects arrested in New York were arraigned in Queens Supreme Court and pleaded not guilty, the New York Times reported.

According to the indictment by a Queens County grand jury, the gambling operation used offshore internet websites and 800 phone numbers to serve more than 2,000 active gamblers placing wagers on sports including football, basketball, baseball, hockey.

The accused allegedly accepted payments using credit cards and bank deposits ranging from $5,000 to $270,000, the press release said.

LOS ANGELES Seventeen people in three states have been charged with operating an illegal sports gambling ring that utilized offshore websites to book more than $32 million in bets each year, prosecutors said on Wednesday.

The indictments came after a 20-month-long investigation by federal and New York law enforcement.

Enterprise corruption is a violation of New York States Organized Crime Control Act, the release said.

“There are some who would argue that Internet gambling is a victimless crime. Three of the accused were based in New York.

It was unclear when Irani would be arraigned or how he intended to plead. Fourteen of the defendants have been arrested, and three were still being sought, the Queen district attorney’s office said. I very much disagree,” Brown said.

(Reporting by Victoria Cavaliere; Editing by Simon Cameron-Moore)

The suspects, spread between Nevada, California and New York, were charged in a 126-count indictment with enterprise corruption, money laundering, promoting gambling and conspiracy, Queens District Attorney Richard Brown said in a press release.

The alleged ringleader of the gambling enterprise, Cyrus Irani, 37, “decided on wager limits, approved new accounts and all money collected eventually funneled up to him,” the release said.

Irani was arrested at his home in Santa Clarita, California, on Wednesday KTLA-TV reported.

David E. Ramsey

David E. Ramsey

Usually, bookmakers run different policies and requirements for preparing wagers on arbitrage sports betting with abnormal results. This will naturally influence the end result of the arbitrage you are dealing with. If this describes the circumstance, it is then ideal to verify the policies maintained by the bookies before you place your wagers with them. Simply examine if the bookmakers share the same regulations for every sporting event you may be interested in.
David E. Ramsey
About David E. Ramsey
Usually, bookmakers run different policies and requirements for preparing wagers on arbitrage sports betting with abnormal results. This will naturally influence the end result of the arbitrage you are dealing with. If this describes the circumstance, it is then ideal to verify the policies maintained by the bookies before you place your wagers with them. Simply examine if the bookmakers share the same regulations for every sporting event you may be interested in.

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