10 Mobsters Arrested for Running Loan Shark Ring

Written by :

Guest

Published on :

27 March, 2018

NEW ROCHELLE - (Associated Press) - Authorities say 10 people have been arrested in a Westchester County loan-sharking and gambling operation allegedly controlled by the Luchesse crime family.

State Attorney General Eric Schneiderman announced the arrests on Tuesday, saying investigators identified over 47 loan-shark victims who were "preyed on" by the suspects.

Scheiderman says the victims were charged weekly loan rates averaging over 200 percent per year. He says they made payments directly to the defendants or by dropping off cash at two New Rochelle restaurants.

Schneiderman says investigators used wiretaps, hidden cameras and undercover officers in the long-term investigation.

The suspects, mostly from Westchester County, were arrested on usury and promoting gambling charges.

Crime

Gambling News

Connecticut Former Funeral Director Who Gambled Away Families' Funds Enters Guilty Plea

Phillip Pietras, 51, is expected to be sentenced to more than seven years behind bars.

Prosecutors Identify 18 Allegedly Rigged Pitches for Emmanuel Case Trial

Prosecutors Identify 18 Allegedly Rigged Pitches for Emmanuel Clase Trial

Federal prosecutors have identified 18 pitches, including one from a 2024 playoff game, that they allege involved sharing with bettors.

Prostitution, Bestiality and the FBI: Will Congress Act? There's a Bet for That..... But It's Not What You Think

FBI Director Kash Patel defended a hiring policy change Tuesday that allows some applicants who have engaged in prostitution and bestiality to be considered for employment, insisting that the move was made to enable victims of those acts to apply for a job without fear of automatic disqualification.

St. Petersburg Florida Venues Subject of Early Morning Gambling Raids

Action Arcade and The Zoo Sports Club and Grille in St. Petersburg hit as part of “Operation Final Spin.”