The group was arrested in May 2012.
Joseph “Joe Graz” Graziano , 77, and Dominick "Harpo" Barone, 44, each pleaded guilty to a racketeering conspiracy charge in U.S. District Court in Newark. Both face sentences of up to 20 years in prison and a fine of $250,000 when they are sentenced in November.
The scheme involved a website, which they called “the office,” that was based off-shore in Costa Rica, which reportedly plays host to scores of legal gambling sites.
But according to prosecutors, Beteagle.com only existed as a tool for old-fashioned bookmaking. Genovese associates based in northern New Jersey gave local customers a user name and a password to access the site and place bets.
The site enabled the operators to track the betting. Collections and payouts were done in a more traditional manner: In person. If a bettor failed to make good on his gambling loses, the Genovese crew used threats of violence to collect.
In pleading to the racketeering charge, Graziano agreed to forfeit $1 million. Barone, also known as "Harpo," will forfeit $100,000.
Four other men previously pleaded guilty to their roles in the racketeering conspiracy: John “Johnny Fugazi” Breheney, 49, and Salvatore Turchio, 48, both of Little Egg Harbor; Jose Gotay, 76, of New Milford, N.J., and Patsy “Uncle Patsy” Pirozzi, 75, of Suffern, N.Y.