Authorities have revealed that a bail hearing in New Jersey is expected Monday for Nicodemo S. Scarfo, accused of helping to run an international betting operation.

The Philadelphia Inquirer reported on Sunday that Scarfo, arrested Friday outside his Atlantic City home and taken to Morris County Jail, stands accused of being part of a sports-betting operation that used the Internet, Web sites, passwords and a wire room based in Costa Rica to allegedly move more than $2 billion in a 15-month span.

Scarfo, 44, faces charges of conspiracy, gambling and racketeering.

The Inquirer further said that the New Jersey Division of Criminal Justice conducting Operation Heat swept up Scarfo along with 33 other reputed members or associates of the New York Luccese crime family.

It was also reported that Scarfo is also the target of a federal investigation into money-laundering and fraud charges linked to the Texas firm FirstPlus Financial.

They suspect Scarfo and Elkins Park, Pa., businessman Salvatore Pelullo to be behind-the-scenes figures in a scheme to loot the firm of several million dollars, say investigators.

The Inquirer further reported that the FBI seized documents tied to FirstPlus in Texas, New Jersey and Pennsylvania, but there have been no additional arrests so far. (With Inputs from Agencies)