Eleven people wee indicted on charges of bookmaking and other related charges, some of the eleven people included members of two of New York's largest alleged organized crime family's.

After a 17 month long investigation into the illegal gambling operation taking place at the Hunts Point Market in the Bronx we have enough proof that the defendants were involved in taking sports bets. It is estimated that from Jan of 2005 till Jan of 2006 they earned more then $800,000, according to the Manhattan District Attorney.

In the Hunts Point complex there are hundreds of business selling meats, fruits and vegetables, and according to the DA the defendants were operating their illegal gambling ring from at least two of these businesses.

Anyone in the area could allegedly come over and place their bets. Out of the eleven indictments only one person actually had a business at hunts point.

The police seized around records and over 160,000 dollars in cash, they also froze $800,000 in assets from the defendants from gambling earnings and another $150,000 in assets from loan sharking.

Of the 11 indicted Thursday 10 wee arrested and one was already in federal custody. If found guilty eight of the defendants could face up to 25 years for enterprise corruption, and the others could face up to 15 years fro loan sharking and four years for other gambling related charges.