N.J. Prosecutors Bust Alleged Sports Betting Ring, Arrest Dozens
HACKENSACK, N.J. (CBSNewYork) -- Dozens of people were arrested this week in an illegal sports gambling enterprise across New Jersey and New York.
As WCBS 880's Monica Miller reported Friday, the four-month investigation by the Bergen County Prosecutor's office ended with the arrests of 29 people and the execution of 42 search warrants across northern New Jersey and New York.
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Investigators uncovered crimes related to an illegal sports gambling ring, and money laundering, that prosecutors said netted about $3 million by accepting wages on everything from horse racing to football.
The defendants allegedly non-traditional wire rooms, in the form of offshore, Internet-based gambling services, prosecutors said.
Bettors and agents were given code names and passwords so as to prevent being identified, prosecutors said. Wagers placed exceeded roughly $50 million over the course of a year, prosecutors said.
The investigation was ongoing Friday night.
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