The District Attorney of Organized Crime & Rackets Bureau in Queens New York busted an illegal gambling ring run by at least four organized crime members. Among those busted in this Mafia connected sports gambling ring which had a website and an offshore bank account to process over $8 million in two an a half years are Michael Palmaccio who’s charged with bookmaking, Ronald Salerno who’s charges are collecting debts, Cono Natale who’s charges are “being a runner” for the operation and Gerry Gullotti charged with loansharking. The foursome were arraigned on Wednesday on Sixty Four counts of promoting gambling and conspiracy.

The investigation into this sports betting ring began back in 2008 when investigators were tipped off about the illegal activity. Palmaccio of Howard Beach Long Island was released on $35,000 bail and has been associated with the Bonnano organized crime family. Also out on a $35,000 bond is Gullotti. The other two were held on $2,500 each. Palmaccio is allegedly the head of the illegal gambling ring and oversaw the loan sharking operations while hiring Gullotti to control the loans and offshore account for the website arrowaction.net. When loans were given out Gullotti would use threats of physical harm if clients did not pay back the loans on time.

Natale, who is a restaurant owner in Williamsburg Brooklyn NY was allegedly the recruiter of bettors and would handle their account while Salerno a Fedex worker was charged with collecting and distributing money from borrowers to bettors.

Spotted here