Joseph Yerardi, 62, of Newton; Anthony Corso, 51 of Cambridge; Michael Burke, 45, of Winthrop; Robert Conway, 27, of, Lynnfield; and Michael Habicht, 59 of Boston, were indicted on one count of operating an illegal gambling business from March 2015 through April 2016. Yerardi and Corso were also indicted on three counts of conspiracy to make and making extortionate extensions of credit. In addition, Yerardi, Corso, Burke and Conway were indicted on various counts of conspiring to collect and collecting extensions of credit by extortionate means from six debtors.
The charge of operating an illegal gambling business provides a sentence of no greater than five years in prison, three years of supervised release and a fine of $250,000. The extortion charges each provide a sentence of no greater than 20 years in prison, three years of supervised release and a fine of $250,000. Actual sentences for federal crimes are typically less than the maximum penalties. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and other statutory factors.
Cambridge man arrested in gambling bust
Posted Apr. 14, 2016 at 2:29 PM
Editor's note: The Attorney General's Office released the following information.