Updated news on the Gambino, Genovese, Bonanno, Lucchese and Colombo Organized Crime Families of New York City.

Friday, October 26, 2012

Son of Vinny Gorgeous busted in $50 million sports betting ring

MORE THAN two dozen people are behind bars — including the son of reputed mafia boss “Vinny Gorgeous” — after authorities busted up an illegal sports gambling ring, authorities announced Thursday.
The mob-connected ring stretched across five states and manipulated sports betting lines set by Las Vegas oddsmakers, officials said.
“Internet gambling has been compared by many to the crack epidemic of the early ’80s,” said Queens District Attorney Richard Brown, adding that the enterprises are often connected to other violent crimes.
The arrests, announced with the unsealing of a 250-page indictment, came after an 18-month probe of the massive enterprise that netted more than $50 million in wagers on various sporting events.
One of the suspects cuffed was Vincent Basciano Jr. — the son of Bonnano crime family boss Vincent  “Vinny Gorgeous” Basciano, who is serving two life terms in prison for two murders. Eight of the 25 people collared lived in Queens.
The busts resulted in the seizure of property and more than $7.6 million in cash and gambling chips, authorities said.


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