Tag: Feds
Feds should fold in their fight against New Jersey sports gambling
May 30, 2014
NJ.com – Working as a bookmaker for the mastermind of illegal sports gambling, Ron “The Cigar” Sacco, I’ve seen it all. I began clerking for Sacco in Los Angeles in 1986, when his organization was taking in a meager $40 million a year in bets. Raids on his offices in the United States eventually prompted Sacco to relocate offshore to the Dominican Republic, where gambling is legal. The feds were not deterred and Sacco was captured in 1993. By then his business was generating an estimated $1 billion a year in bets. Fast-forward two decades: U.S. News and World Report…