JIM..I am on the offshorewire newsletter email list and got this from Roberto today
10/14 - PlayASAP pre-warning : TOW has received substantiated reports about several slow pays related to the book's credit business. Given the nature ( credit business ) we have waited 2 weeks before issuing the pre-warning. In these last hours the number of verified slow pays has reportedly increased. News about the alleged intention to pursue a fire sale have also surfaced, but are yet to be verified. Players are advised to tread with caution at this time. PlayASAP's rating lowered from 5 to 3.
not sure what it means
10/14 - PlayASAP pre-warning : TOW has received substantiated reports about several slow pays related to the book's credit business. Given the nature ( credit business ) we have waited 2 weeks before issuing the pre-warning. In these last hours the number of verified slow pays has reportedly increased. News about the alleged intention to pursue a fire sale have also surfaced, but are yet to be verified. Players are advised to tread with caution at this time. PlayASAP's rating lowered from 5 to 3.
not sure what it means
M' otoole is correct. in sayng Jj is in the right building. Won't name the place for you..but yes they do have ties to a book in curacao also..but not ASAP. Don't get fooled by Sting and his warnings. This pinch basically fell on the DA'S lap. It was a local pinch..not federal..The charge of First degree gambling is a basic charge if you write over 5k in action in the state of NY.It will be pleaded out..believe me..and down to a misdermeanor charge. The bummbling cops fell into these guys..can't get into it..but its was basically real bad luck that these guys got picked up.
I live in Long Island and read the paper every day and listen to the news on TV and have not heard about this bust. I use 2 different locals with ties to 2 different casinos in the Carib.
Could you tell me where you heard about this bust? I would like to read about it and see if my locals' names are there.
ESQAJM
Could you tell me where you heard about this bust? I would like to read about it and see if my locals' names are there.
ESQAJM
NY POST ARTICLE:
BOOKIE CRUMBLES
By SELIM ALGAR and RITA DELFINER
October 15, 2004 -- Lady Luck ran out on one of the largest sports gambling rings in Long Island history, with the arrests of eight members of a $35 million-a-year bookie operation, authorities said yesterday.
Leonard Catalano, 47, the heavyset leader of the sophisticated ring who is also known as "Smalls" and "The Bearded One," ran the venture from his Roslyn Heights home, Nassau County District Attorney Denis Dillon said.
Surveillance tapes caught Catalano toting a duffel bag full of money to a funeral where he handed several wads of cash to a winner, the prosecutor said.
Catalano allegedly used several TV sets and VCRs in the house he shared with his girlfriend to keep tabs on football, baseball and collegiate sports.
At the heart of the high-tech ring were the toll-free numbers and Web sites it registered in Costa Rica and Curacao, officials said. About 2,500 registered bettors could log on and use account numbers to place bets and check their accounts.
A pile of $400,000 in cash and a .44-caliber Magnum allegedly recovered from the ring were displayed at a press conference yesterday. There were also log books listing the bettors, who went by nicknames including "Steve the Dry Cleaner," "Jumbo" and "Jimmy the Waiter."
Gamblers had different weekly limits — with one of them allowed to place $200,000 in bets a week. Some of the payoffs exceeded $25,000, officials said.
Good fortune — which had smiled on the ring for 20 years — turned sour after investigators conducting an unrelated gambling probe busted someone who owed a large sum of money to the ring, officials said.
"As a result of the other investigation, we were able to take this one apart," said Assistant District Attorney Jane Zwirn-Turkin.
Investigators began taking surveillance video and allegedly caught payoffs made in the parking lot of a Williston Park restaurant as well as a bar across from a Yonkers racetrack.
Asked if prosecutors believed there were ties to organized crime, Zwirn-Turkin declined comment.
The eight were arrested two weeks ago.
Catalano, Scott Burger, 34, of Bohemia; Christopher Murray, 62, of Setauket; Michael Silano, 51, of Port Jefferson Station; Paul Silano, 35, of Glen Oaks; John Trombino, 69, of Bellerose; and Henry Acierno, 50, of Staten Island were each charged with promoting gambling.
Lori Barecca, 39, of Glen Oaks, who allegedly handled the phones, was charged with criminal facilitation
BOOKIE CRUMBLES
By SELIM ALGAR and RITA DELFINER
October 15, 2004 -- Lady Luck ran out on one of the largest sports gambling rings in Long Island history, with the arrests of eight members of a $35 million-a-year bookie operation, authorities said yesterday.
Leonard Catalano, 47, the heavyset leader of the sophisticated ring who is also known as "Smalls" and "The Bearded One," ran the venture from his Roslyn Heights home, Nassau County District Attorney Denis Dillon said.
Surveillance tapes caught Catalano toting a duffel bag full of money to a funeral where he handed several wads of cash to a winner, the prosecutor said.
Catalano allegedly used several TV sets and VCRs in the house he shared with his girlfriend to keep tabs on football, baseball and collegiate sports.
At the heart of the high-tech ring were the toll-free numbers and Web sites it registered in Costa Rica and Curacao, officials said. About 2,500 registered bettors could log on and use account numbers to place bets and check their accounts.
A pile of $400,000 in cash and a .44-caliber Magnum allegedly recovered from the ring were displayed at a press conference yesterday. There were also log books listing the bettors, who went by nicknames including "Steve the Dry Cleaner," "Jumbo" and "Jimmy the Waiter."
Gamblers had different weekly limits — with one of them allowed to place $200,000 in bets a week. Some of the payoffs exceeded $25,000, officials said.
Good fortune — which had smiled on the ring for 20 years — turned sour after investigators conducting an unrelated gambling probe busted someone who owed a large sum of money to the ring, officials said.
"As a result of the other investigation, we were able to take this one apart," said Assistant District Attorney Jane Zwirn-Turkin.
Investigators began taking surveillance video and allegedly caught payoffs made in the parking lot of a Williston Park restaurant as well as a bar across from a Yonkers racetrack.
Asked if prosecutors believed there were ties to organized crime, Zwirn-Turkin declined comment.
The eight were arrested two weeks ago.
Catalano, Scott Burger, 34, of Bohemia; Christopher Murray, 62, of Setauket; Michael Silano, 51, of Port Jefferson Station; Paul Silano, 35, of Glen Oaks; John Trombino, 69, of Bellerose; and Henry Acierno, 50, of Staten Island were each charged with promoting gambling.
Lori Barecca, 39, of Glen Oaks, who allegedly handled the phones, was charged with criminal facilitation
Huggy, you know that Nassau and Suffolk cops come into the city all the time to arrest bookies. Then they pay a large fine and get probation. Over half the guys arrested are from Queens including Lenny from Howard Beach. The last person locked up by the Queens Da was Taylor Breton, gambling is not important to them.
Pinnacle was one of the books used in that Long Island Bust. they say there are 2 more books involved offshore. They also list that someone from here at the RX is being closely monitored by the feds. The plot thickens,lol. I guess an agent from Pinny alledgedly threatened the guy owed 75,000$, to what extent I don't know. Just more fuel to add to Bush's offshore gambling bill. Things might get a little hairy playing offshore in the near future.
