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Mobsters will lose ‘core business’ thanks to legal sports betting: experts
The mob’s gambling racket is about to sleep with the fishes.
The US Supreme Court’s sports-betting ruling dealt a losing hand to organized crime in the New York area, legal experts said Monday.
Gambling and loan-sharking have traditionally been the mob’s “bread and butter,” and the decision will “significantly reduce” its clientele, former federal prosecutor Thomas Seigel said.
“They will definitely lose a regular source of predictable income,” said Seigel, who ran the Organized Crime and Gangs Section of the Brooklyn US Attorney’ s Office.
Defense lawyer John Meringolo, who’s represented John “Junior” Gotti and reputed Philadelphia mob boss Joseph “Skinny Joey” Merlino, said legal sports betting “will have a detrimental effect on the mob and anyone who tries to make a living through this type of vice.”
“For what’s left of what they do, this would significantly hurt their bottom line, if not completely destroy it,” said Meringolo, also a Pace Law School professor.
“If there’s no gambling, there’s no core business.”
Seigel — who prosecuted crooked NBA referee Tim Donaghy on gambling charges — said he expected mobsters would come up with new scams, potentially involving crypto-currencies in an “analog to the penny stocks of the ’90s.”
“I wouldn’t fully count them out, because they are resilient, but it is definitely going to be a blow,” he said.
Gerard Terry’s sentencing on state tax fraud charges postponed
A Nassau County judge moved the sentencing until after Terry is sentenced on his guilty plea to federal tax fraud charges in February.
Former North Hempstead Democratic party leader Gerard Terry, arrives at federal court in Central Islip on Thursday, Oct. 12, 2017. Photo Credit: James Carbone
A sentencing hearing for former North Hempstead Town Democratic Chairman Gerard Terry, who pleaded guilty in September to a state tax fraud charge, was postponed Wednesday until after he is sentenced in a separate federal tax evasion case.
Nassau County Criminal Court Supervising Judge Christopher Quinn moved Terry’s sentencing to Feb. 26.
Terry, 63, was facing state and federal tax fraud charge and pleaded guilty in both cases.
He pleaded guilty Sept. 25 to a state criminal tax fraud charge and admitted failing to file a 2010 state personal income tax return and to not paying more than $3,000 in taxes. On Oct. 12, Terry pleaded guilty in U.S. District Court’s Eastern Division in Central Islip to tax evasion and admitted to not paying nearly all of his federal income taxes over 18 years.
Federal prosecutors said Terry was expected to receive a sentence of between 30 and 36 months in prison. Quinn has said he would give Terry a “split” sentence of up to 6 months of jail time and 5 years probation on the state charges.
Terry had been an influential Democratic operative in Nassau County for decades. A Newsday report in January 2016 showed he had compiled a nearly $1.4 million tax debt despite having been paid a total of more than $217,000 in six attorney contracts in 2015. Terry has since resigned or been terminated from those positions.
The federal sentencing is scheduled for Feb. 16, attorneys said.
Terry, who appeared in Quinn’s court Wednesday, and his attorney, Stephen Scaring of Garden City, declined to comment.
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