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The son of notorious Philadelphia mobster Nicodemo Scarfo has been sentenced to 30 years in prison for racketeering.
Nicodemo Scarfo Jr. is accused of stealing $12 million from shareholders of a publicly traded Texas financial firm.
The younger Scarfo allegedly used false SEC filings and made threats to cause economic harm as a form of shaking down existing company management. His father was sentenced to 55 years for a similar crime.
Scarfo, Jr. was the target of a Halloween 1989 assassination attempt outside a Philadelphia Italian restaurant. He would later join forces with the powerful South Jersey Lucchese family.
Scarfo’s co-defendants are due to be sentenced later in the week.
- Jagajeet Chiba, Gambling911.com
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