shylocking gambling
Moderator: Capos
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NewEnglandHere
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shylocking gambling
are gambling and shylocking still the bread and butter of cosa nostra, with the advent of legalized sports betting casinos has it had a big impact ?
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Pogo The Clown
- Men Of Mayhem
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Re: shylocking gambling
Short answer: yes.
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Little_Al1991
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Re: shylocking gambling
There has been a decrease in mob related gambling indictments
If I remember correctly, the major Colombo case in 2021 which took down the admin didn’t have any gambling charges in it.
Though, it still is a big moneymaker for them but clearly the Supreme Court’s decision in 2018, has had an effect on the mob negatively
If I remember correctly, the major Colombo case in 2021 which took down the admin didn’t have any gambling charges in it.
Though, it still is a big moneymaker for them but clearly the Supreme Court’s decision in 2018, has had an effect on the mob negatively
Re: shylocking gambling
Yes: Still bread and butter
Legalized gambling? No way to know exactly in my opinion. However, all the hardcore big gamblers I know bet with bookies for two reasons:
1. No taxes taken out on winnings
2. They bet on credit, meaning you don’t have to put up the money to place a bet.
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Newyorkempire
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Re: shylocking gambling
Countless other benefits we've already went over besides these two.Ryan98366 wrote: ↑Fri Aug 12, 2022 10:16 pmYes: Still bread and butter
Legalized gambling? No way to know exactly in my opinion. However, all the hardcore big gamblers I know bet with bookies for two reasons:
1. No taxes taken out on winnings
2. They bet on credit, meaning you don’t have to put up the money to place a bet.
"Dont leave me alone with your wife."
Re: shylocking gambling
Much better odds.Newyorkempire wrote: ↑Sat Aug 13, 2022 3:50 amCountless other benefits we've already went over besides these two.Ryan98366 wrote: ↑Fri Aug 12, 2022 10:16 pmYes: Still bread and butter
Legalized gambling? No way to know exactly in my opinion. However, all the hardcore big gamblers I know bet with bookies for two reasons:
1. No taxes taken out on winnings
2. They bet on credit, meaning you don’t have to put up the money to place a bet.
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Johnny1and1
- Straightened out
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Re: shylocking gambling
Booking is actually more lucrative after the introduction of legal sports book. And I suspect it's larger than some on here think it is.
Shylocking is another story. Depends on how it is done. Either a misdemeanor or felony. And always either first party or third party. The issue is the way conspiracy is defined, and the other issue is shylocking isn't the largest risk, extortionate credit transactions are.
Shy is often forced on guys trying to prove themselves. So let's say I live in the Midwest, which is a college football area. Let's say I made book. Let's say that was over 5 years ago so the SOL has run. Let's say heavy action comes in on the college home team as it always does, and I need to lay off and risk manage. Let's say rather than work and play in my home town, I worked in my hometown, but played in SoFla, which is NYC. Chicago is too close, and going out of territory is another situation that needs to be deftly handled. Let's say some one defines my laying off / risk management as making me an associate. Let's say I was asked how I was going to handle credit. Let's say I laid off enough that I could answer that question with a very complicated word. NO. Others can't answer that question this way. Because others are at the bottom of the pyramid and don't produce as much They are fodder. There is a lot of fodder, and this also serves to somewhat mislead.
But then someone higher up is running shy, and they work their way up. The FBI always works up, not down. Always. Then they have conspiracy, and based on what they have, they could have extortionate extension of credit. First party or third party becomes very important. Some get it, some don't.
A lot of discussion on here about "rules". The one I was taught was always be third party, or do as much of it by yourself as you can. Another unwritten rule is when you dodged the bullet, and had some money washed and saved, be done with it. I've read made guys can never quit. I know second hand (you could make an argument it is first hand) this is not true, and I know a guy they make money from, such as the example in this post, can quit. All of course speculation and fiction on some anonymous internet message board.
Shylocking is another story. Depends on how it is done. Either a misdemeanor or felony. And always either first party or third party. The issue is the way conspiracy is defined, and the other issue is shylocking isn't the largest risk, extortionate credit transactions are.
Shy is often forced on guys trying to prove themselves. So let's say I live in the Midwest, which is a college football area. Let's say I made book. Let's say that was over 5 years ago so the SOL has run. Let's say heavy action comes in on the college home team as it always does, and I need to lay off and risk manage. Let's say rather than work and play in my home town, I worked in my hometown, but played in SoFla, which is NYC. Chicago is too close, and going out of territory is another situation that needs to be deftly handled. Let's say some one defines my laying off / risk management as making me an associate. Let's say I was asked how I was going to handle credit. Let's say I laid off enough that I could answer that question with a very complicated word. NO. Others can't answer that question this way. Because others are at the bottom of the pyramid and don't produce as much They are fodder. There is a lot of fodder, and this also serves to somewhat mislead.
But then someone higher up is running shy, and they work their way up. The FBI always works up, not down. Always. Then they have conspiracy, and based on what they have, they could have extortionate extension of credit. First party or third party becomes very important. Some get it, some don't.
A lot of discussion on here about "rules". The one I was taught was always be third party, or do as much of it by yourself as you can. Another unwritten rule is when you dodged the bullet, and had some money washed and saved, be done with it. I've read made guys can never quit. I know second hand (you could make an argument it is first hand) this is not true, and I know a guy they make money from, such as the example in this post, can quit. All of course speculation and fiction on some anonymous internet message board.
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