NJ Loanshark Bust

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Re: NJ Loanshark Bust

by NJShore4Life » Fri Sep 04, 2020 7:22 am

East Brunswick is all Jews now, not Hasidic.

Re: NJ Loanshark Bust

by Rocco » Fri Sep 04, 2020 6:34 am

NJShore4Life wrote: Tue Sep 01, 2020 3:00 pm
Rocco wrote: Tue Sep 01, 2020 1:33 pm
NJShore4Life wrote: Tue Sep 01, 2020 11:05 am Which Arthur’s location?

Just out of Sheer curiosity, because I don’t think the location in Hoboken has a parking lot if I recall correctly. I used to live in Hoboken right down the street from the Arthur’s location there back in my 20s.
North Brunswick on Georges Rd. Right off of Rt 1. Its been there forever. Not sure if its the same owner as the Hoboken one. But the one is Morris Plains is I think the same owner as the Hoboken one.
Never been to that North Brunswick location before, I’m not the biggest fan of that area of Jersey in general. No offense to anyone from that area of Jersey, it’s just not my scene one single bit. Only time I’m ever in that area of the state is for Rutgers Football games , TopGolf in Edison, or to patronize one of the many “massage” parlors in Edison. I have family in that area of the state I won’t even visit.
East Brunswick and North Brunswick was a nice place in the 70s and early 80s. Good schools back then . But the area like allot of places in NJ is not really great anymore. Schools sucks because of the type of people that have moved in.. I had family too in East Brunswick we never visit. Traffic sucks there big time. I do not believe that the Nort Brunswick Arthurs is related to the place in N Jersey or Hoboken. 2 different places.

Re: NJ Loanshark Bust

by NJShore4Life » Tue Sep 01, 2020 3:00 pm

Rocco wrote: Tue Sep 01, 2020 1:33 pm
NJShore4Life wrote: Tue Sep 01, 2020 11:05 am Which Arthur’s location?

Just out of Sheer curiosity, because I don’t think the location in Hoboken has a parking lot if I recall correctly. I used to live in Hoboken right down the street from the Arthur’s location there back in my 20s.
North Brunswick on Georges Rd. Right off of Rt 1. Its been there forever. Not sure if its the same owner as the Hoboken one. But the one is Morris Plains is I think the same owner as the Hoboken one.
Never been to that North Brunswick location before, I’m not the biggest fan of that area of Jersey in general. No offense to anyone from that area of Jersey, it’s just not my scene one single bit. Only time I’m ever in that area of the state is for Rutgers Football games , TopGolf in Edison, or to patronize one of the many “massage” parlors in Edison. I have family in that area of the state I won’t even visit.

Re: NJ Loanshark Bust

by NJShore4Life » Tue Sep 01, 2020 2:54 pm

Buster123 wrote: Tue Sep 01, 2020 2:51 pm
NJShore4Life wrote: Tue Sep 01, 2020 9:14 am Gyms finally back open here in Jersey, my arms were starting to look like an old lady’s cunt! Feels great to be back pumping iron
Do you have to wear a mask while working out?
Yes and they treat you like you have AIDS as soon as you walk in the door. You have to get your temperature taken, sign a waiver not to sue if you get COVID, and then sprayed with a sanitizer hose.

Re: NJ Loanshark Bust

by Buster123 » Tue Sep 01, 2020 2:51 pm

NJShore4Life wrote: Tue Sep 01, 2020 9:14 am Gyms finally back open here in Jersey, my arms were starting to look like an old lady’s cunt! Feels great to be back pumping iron
Do you have to wear a mask while working out?

Re: NJ Loanshark Bust

by Rocco » Tue Sep 01, 2020 1:33 pm

NJShore4Life wrote: Tue Sep 01, 2020 11:05 am Which Arthur’s location?

Just out of Sheer curiosity, because I don’t think the location in Hoboken has a parking lot if I recall correctly. I used to live in Hoboken right down the street from the Arthur’s location there back in my 20s.
North Brunswick on Georges Rd. Right off of Rt 1. Its been there forever. Not sure if its the same owner as the Hoboken one. But the one is Morris Plains is I think the same owner as the Hoboken one.

Re: NJ Loanshark Bust

by NJShore4Life » Tue Sep 01, 2020 11:05 am

Which Arthur’s location?

Just out of Sheer curiosity, because I don’t think the location in Hoboken has a parking lot if I recall correctly. I used to live in Hoboken right down the street from the Arthur’s location there back in my 20s.

Re: NJ Loanshark Bust

by Rocco » Tue Sep 01, 2020 9:59 am

Wiseguy wrote: Mon Aug 31, 2020 6:40 pm
Rocco wrote: Mon Aug 31, 2020 1:27 pm you have no personal knowledge of any that you just said. Bookies get burned all the fuckin time. This article is a completely different scenario and involved a very large sum of money where people are more likely to make an attempt to collect it and risk 7yrs in jail for loansharking. 99% of the time bookies are not looking to go to jail and will look for help in collecting large sums of cash they come up short on. if they are doing very well they will eat a couple grand and cut off a gambler if he is a repeat offender. Money has to be worth the risk.
I agree a bookie today will weigh the risk vs reward when it comes time to collect, I'm mainly talking about your make believe scenario of some bettor who owes money grabbing a couple buddies, beating up the bookie he owes, and not suffering far worse repercussions. Maybe if this is some small time bookie with no backing. But you know as well as I do, Rocco, that's just not happening to a mobbed up one.
The mob will take money from anyone. But they are only gonna get involved physically if they are making allot of money off you. If you made them allot of money in the past for years...now you are no longer making that much money...you are a nobody. My cousin was a violent felon / gambling addict junkie/functioning alcoholic. He had a disagreement w/ a loan he got from a bookie friend. I suspect it was over a woman that caused the terms of his loan to change.. But it led to 2 altercations. One directly with the bookie in Arthurs Steak house parking lot which did not end well for the bookie. And the final one when the Bookie Brought a juiced up kid with him. Did not end well again because employees of my cousins jumped in and that was that. There was no repercussions. He had paid a few months vig prior to the altercations and that was it. Now I find it hard to believe that the bookie was not kicking up to someone in NJ . I would have to assume he 100% was. With that said.. is the bookie cant collect a couple grand himself...he is on his own unless he is bringing in bigtime money for the mob. There are allot of dead beat gamblers that skate. Nearly every book of biz has them.

Re: NJ Loanshark Bust

by NJShore4Life » Tue Sep 01, 2020 9:14 am

Gyms finally back open here in Jersey, my arms were starting to look like an old lady’s cunt! Feels great to be back pumping iron

Re: NJ Loanshark Bust

by Wiseguy » Mon Aug 31, 2020 6:40 pm

Rocco wrote: Mon Aug 31, 2020 1:27 pm you have no personal knowledge of any that you just said. Bookies get burned all the fuckin time. This article is a completely different scenario and involved a very large sum of money where people are more likely to make an attempt to collect it and risk 7yrs in jail for loansharking. 99% of the time bookies are not looking to go to jail and will look for help in collecting large sums of cash they come up short on. if they are doing very well they will eat a couple grand and cut off a gambler if he is a repeat offender. Money has to be worth the risk.
I agree a bookie today will weigh the risk vs reward when it comes time to collect, I'm mainly talking about your make believe scenario of some bettor who owes money grabbing a couple buddies, beating up the bookie he owes, and not suffering far worse repercussions. Maybe if this is some small time bookie with no backing. But you know as well as I do, Rocco, that's just not happening to a mobbed up one.

Re: NJ Loanshark Bust

by Pogo The Clown » Mon Aug 31, 2020 1:38 pm

If it were like you said the bookmaking and loansharking business wouldn't exist and the mob would be out of business.


Pogo

Re: NJ Loanshark Bust

by Rocco » Mon Aug 31, 2020 1:27 pm

Wiseguy wrote: Fri Aug 21, 2020 3:19 pm
Rocco wrote: Fri Aug 21, 2020 1:16 pmbullshit these guys get stiffed allot. no one is willing to do life over $8k most wont even do the 7yrs for loansharking. If Gioe is willing to life or 7yrs for $8k. good for him. maybe if my cousin owed 175k he would have come back heavy. but for 8k you aint going to war
I think you're overstating things. Yes, the MO has increasingly been to simply cut a deadbeat off rather than risk arrest by putting them in the hospital. Especially if the money isn't worth the risk. But a bookie or loanshark can only let that go so far. You let too many guys skip out on paying, the money lost over time becomes significant and they look like a mark to everyone else. Doesn't seem to be a winning business model.

And you were even going beyond that by suggesting the debtor not only not pay, but actually go and rough up the loanshark. In what world does this happen? What serious mob-backed bookie or loanshark is going to stand for that? We still read about cases of guys looking to get out of debt to the mob by fleeing to the government. I don't recall too many stories of a mob bookie or loanshark waking up in the hospital because one of their debtors worked them over.
you have no personal knowledge of any that you just said. Bookies get burned all the fuckin time. This article is a completely different scenario and involved a very large sum of money where people are more likely to make an attempt to collect it and risk 7yrs in jail for loansharking. 99% of the time bookies are not looking to go to jail and will look for help in collecting large sums of cash they come up short on. if they are doing very well they will eat a couple grand and cut off a gambler if he is a repeat offender. Money has to be worth the risk.

Re: NJ Loanshark Bust

by jmack » Wed Aug 26, 2020 8:38 pm

Cheech wrote: Wed Aug 26, 2020 5:39 pm the market saw three and pounced. thats why within minutes it goes to -4. william hill gets in at -4. at 2:47 betcris realizes its a bad line whle william hill is still dealing 4.5 and doesnt correct until betcris corrects. william hill wasnt the only book to just copy it. a dozen others did. its how it works nowadays. it isnt some linemaker at the mirage with a chalkboard and an eraser
You’re correct. You see the same line 95% of the time. All they do is adjust the juice based on the action they are taking.

Re: NJ Loanshark Bust

by Wiseguy » Wed Aug 26, 2020 6:52 pm

Interesting. Thanks for the breakdown.

From what I understand, Betcris sets the line basically because they're the largest. It wasn't that long ago that Las Vegas Sports Consultants (LVSC) did a lot of that.

Re: NJ Loanshark Bust

by Cheech » Wed Aug 26, 2020 5:39 pm

the market saw three and pounced. thats why within minutes it goes to -4. william hill gets in at -4. at 2:47 betcris realizes its a bad line whle william hill is still dealing 4.5 and doesnt correct until betcris corrects. william hill wasnt the only book to just copy it. a dozen others did. its how it works nowadays. it isnt some linemaker at the mirage with a chalkboard and an eraser

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