New Jersey authorities broke up an international sports betting ring Wednesday they said handled $500 million worth of bets over the past 16 months. State and local officials arrested 47 people and are seeking 12 others. They said the ring, with a communications hub in Costa Rica, used the Internet as well as a network of street-level people to take bets on sports. Three ringleaders were charged with money laundering, conspiracy, racketeering and promoting gambling.
March 29, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
New Jersey authorities broke up an international sports betting ring Wednesday they said handled $500 million worth of bets over the past 16 months.
State and local officials arrested 47 people and are seeking 12 others. They said the ring, with a communications hub in Costa Rica, used the Internet as well as a network of street-level people to take bets on professional and college football and basketball, among other sports.
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