• Economy
  • Investing
  • Politics
  • Sports
  • Editor’s Pick
Market Gains Updates
Sports

College athletes among 14 arrested for mafia-funded betting ring

by November 14, 2025
by November 14, 2025

Fourteen men have been charged for their roles in a multi-million-dollar illegal sports betting ring operated by a member and associates of organized crime, law enforcement authorities in New Jersey announced on Thursday, Nov. 13.

Joseph “Little Joe” Perna, a member of the Lucchese crime family, and his sons, stepson and nephews, among others, have been charged with racketeering, conspiracy, gambling offenses and money laundering.

According to authorities, the 55-year-old Perna oversaw a nationwide network of bookmakers that transferred approximately $2 million in suspected gambling transactions between 2022 and 2024.

Among those involved in the enterprise were college athletes, who allegedly helped operate the sportsbooks.

Former Rutgers wrestlers Michael Cetta and Nicholas Raimo were among those charged. The 23-year-old Cetta, who earned at-large selection to the 2024 NCAA Wrestling Championships, wrapped up his career earlier this year. The 25-year-old Raimo, who began his career at Arizona State, last competed for the school in 2023. Both have been charged with racketeering, conspiracy, promoting gambling by bookmaking, possession of gambling records and money laundering.

An NCAA spokesperson told ESPN that it is aware of the charges and is looking into the case.

“We may all think that the portrayal of organized crime we remember from movies and television shows and books no longer exists, but we are announcing charges today that allege it still does,” said New Jersey attorney general Matthew J. Platkin said in a statement. “Despite the proliferation of legal betting of all kinds, gambling remains a mainstay of members and associates of organized crime. The locations and methods may have evolved, but illegal gambling – in this case, sports betting – remains a problem, and we will charge those who seek to profit from it.”

This post appeared first on USA TODAY
0 comment
0
FacebookTwitterPinterestEmail

previous post
Klay Thompson blasts ‘disgusting’ comment about Megan Thee Stallion
next post
We need a Marshall Plan to tackle America’s housing crisis

You may also like

Breezy Johnson won the Olympic downhill, then broke...

February 9, 2026

Jordon Hudson trolls Patriots owner Robert Kraft with...

February 9, 2026

Winter Olympics highlights: Malinin helps gold win, Vonn...

February 9, 2026

Team USA wins gold in figure skating at...

February 9, 2026

NBA announced participants in three-point shootout. Is Lillard...

February 9, 2026

Knee-sliding Italian figure skater’s magical moment wins bronze...

February 9, 2026

Who won the Super Bowl 2026 coin flip?

February 9, 2026

Super Bowl national anthem 2026: How long was...

February 9, 2026

Is Patriots QB Drake Maye’s nickname really ‘Drake...

February 9, 2026

Drake places $1 Million bet on Patriots to...

February 9, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Top News

    Trump administration alleges Nike discriminated against white workers

    February 5, 2026

    The architect of Amazon’s supply chain on running...

    February 5, 2026

    Elon Musk’s SpaceX acquires xAI

    February 3, 2026

    Amazon slashes another 16,000 jobs

    January 30, 2026

    Trump sues JPMorgan Chase and CEO Jamie Dimon...

    January 27, 2026

    • About us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2025 MarketGainsUpdates.com All Rights Reserved.

    Market Gains Updates
    • Economy
    • Investing
    • Politics
    • Sports
    • Editor’s Pick