An East Elmhurst man was one of 25 people from New York to California who were arrested in connection with a more than $50 million illegal sports betting ring, the Queens district attorney said Thursday.
East Elmhurst resident Joseph Kornreich, 60, was identified as an alleged money collector and charged with enterprise corruption, money laundering, promoting gambling and conspiracy as part of a nationwide illegal sports betting enterprise, according to Queens DA Richard Brown.
“Illegal gambling is not a victimless crime,” Brown told a news conference at this offices. “Those who participate in these criminal enterprises often use threats, intimidation and even physical force to collect debts and oftentimes charge usurious interest rates on outstanding debts.”
Kornreich was arrested along with 24 others, including Vincent Basciano Jr., the son of Bonnano Mafia leader Vinny “Gorgeous” Basciano, Brown said. The 25 arrests also included three owners of a sports betting website where Brown said bookmakers took bets on football, baseball, hockey and other sports, bringing in more than $50 million over an 18-month period.
While in operation, the group would make threats to customers while attempting to collect money, Inspector Brian O’Neill of the New York Police Department’s Organized Crime division said. An FBI investigation found the group used off-shore sports gambling websites to operate under the police’s radar, O’Neill said,
Reach reporter Phil Corso by e-mail at email@example.com or by phone at 718-260-4573.
©2012 Community News Group
By submitting this comment, you agree to the following terms:
You agree that you, and not TimesLedger.com or its affiliates, are fully responsible for the content that you post. You agree not to post any abusive, obscene, vulgar, slanderous, hateful, threatening or sexually-oriented material or any material that may violate applicable law; doing so may lead to the removal of your post and to your being permanently banned from posting to the site. You grant to TimesLedger.com the royalty-free, irrevocable, perpetual and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part world-wide and to incorporate it in other works in any form, media or technology now known or later developed.