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$3B Online Gambling Ring Busted

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Posted by: kwflatbed

NEW YORK -- Twenty-seven people, including a former pro baseball scout and a high-stakes poker player, were charged on Wednesday in a billion-dollar-a-year gambling ring.
New York City Police Commissioner Ray Kelly told reporters the illegal gambling ring "rivals casinos for the amount of betting."
The massive betting ring was run through a Web site called Playwithal.com, run by the poker player, James Giordano, of Pine Crest, Fla.

A break in the case came last year when New York Police Department investigators secretly hacked into a laptop computer that Giordano had left in a Long Island hotel while attending a wedding.

Also arrested was Frank Falzarano, of Seaford, on Long Island, a one-time scout for the Washington Nationals. He allegedly was a top earner in a network of 2,000 bookies who took more than $3.3 billion in cash bets since 2004.

Falzarano, who was held on $500,000 bail after pleading not guilty, "looks forward to defending himself in court," defense attorney Peter Tomao said.



Copyright 2006 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed






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