Legal & Regulatory News

US authorities in the state of New Jersey have charged eleven alleged members and associates of a New York-based Genovese organized crime family for a number of offences including operation of an illegal multi-million dollar offshore sports betting business.

New Jersey’s Acting Attorney General John Hoffman said that seven people were arrested and one more is being sought on an arrest warrant on first-degree racketeering charges, for allegedly reaping millions of dollars in criminal profits in New Jersey through loansharking, unlicensed check cashing, gambling and money laundering.

Three other alleged associates were charged by summons, bringing the total number charged to eleven.

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