NEW ALBANY, Ind. (WHAS11) -- We have learned why the FBI raided several locations in Clark County earlier in May. Authorities say they uncovered an illegal gambling ring.
We know that the Feds have been involved in the investigation for the past 18 months but local and state law enforcement agencies have been involved even longer than that.
U.S. Attorney Joseph Hogsett said the operation involved thousands of dollars a day in illegal sports wagering.
"The business which involved an interstate network of sports bookmaking was at times handling thousands, and thousands of dollars a day in wagers," said Hogsett.
When the indictment was unsealed, Wednesday eight suspects were named.
They included Terry Crofford, 60, Jamie Duley, 54, James Baker, 62 and George Blair, 52, who are all of Clark County, Indiana. Jeffrey Hash, 62, James Payne, 44, and Harold Joyce, 44, all of Kentucky were also indicted. Click here to read the full indictment.
"Our agents have seized over $126,000 in suspected gambling proceeds, items like pure silver bars, several different real properties, as well as numerous personal vehicles," Hogsett said.
Agents say they also seized a treasure trove of records, which they say will help them identify exactly how big the ring was and exactly who was involved.
"If there is a larger scale than what we are aware of today it will be addressed in the future," said Hogsett.
Seven of the eight suspects were arrested Wednesday. The eighth, who is in Florida, has arranged to turn himself in.