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‘Operation: High Stakes’ Nets 31 People in HUGE Sports Gambling Ring in Arizona!

April 25, 2007

In a huge sting operation brought upon by Maricopa County authorities in Arizona, 31 people have been arrested for their involvement in a large sports betting ring. 57 warrants total have been sought in the operation, with a whopping $145 million in property, cars, and assets already being seized in the investigation. The bust finally went down earlier this week after a 2-year undercover operation exposed a vast network of illegal sports betting done in Phoenix, Los Angeles, and Las Vegas — where money was being exchanged at local bars and restaurants via bookies and/or loan sharks. Interest rates got as high as 51% for people who couldn’t come up with their debts right away, and threats of violence were common when collection time came around. Authorities are also investigating how much money was being wagered on and collected through online sites based out of Costa Rica. More on the story to come….

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