Million Dollar SportsBook Gambling Ring Busted in Albany, New York

Police around the nation have been busy this football season trying to cut down on street bookies, and another four people were arrested in the latest sting.

Albany County sheriffs in New York busted an alleged gambling ring this week by arresting four men who apparently were the brains behind the operation.

The head person of the group was said to be Cory Reynolds, who at thirty eight, was involved with much more than just running the Albany Strength Gym that he co-owned. He was arrested and charged with eight counts of first degree promoting gambling, and enterprise corruption.

Three other men, who were identified as runners in Reynolds' operation, were also arrested.

Police were turned on to the illegal activity through an informant, and they then secured a warrant to tap Reynolds phone. Upon listening to the phone conversations, they were convinced of the illegal operation.

Over $1.7 million was wagered with bets running anywhere from $11, and going all the way up to $2,000 per game.

The motive behind the arrests was to get one of the high volume bookies off the streets, and also to send a message to others who are illegally running a bookmaking business.

November 29, 2007
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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