Home > Boards > US OTC > Delisted > Pinnacle Business Management (Prev SRCI)

Three family members arraigned

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
dia duit  Member Profile
 
Followed By 4
Posts 3,615
Boards Moderated 1
Alias Born 07/06/07
160x600 placeholder
dia duit   Thursday, 05/31/12 09:31:51 PM
Re: None
Post # of 32415 
Three family members arraigned

By Kathie O. Warco Observer-Reporter kwarco@observer-reporter.com


Three members of one family charged with racketeering and theft stemming from a car financing scheme were arraigned May 14.

Vincent LoCastro, 48, of 203 Spartan Drive, Bethel Park, who once owned All Pro Auto Mall in Canonsburg, was arraigned before District Judge David Mark on two counts each of corrupt organizations and conspiracy as well as 18 counts each of theft and defrauding creditors.

His brother, Frank LoCastro, 57, of 151 Carol Drive, McMurray, was arraigned before Mark on two counts each of corrupt organizations and conspiracy along with 32 counts each of theft and defrauding creditors. He also is charged with unsworn falsification.

Nicole LoCastro, 21, also of 203 Spartan, was arraigned on two counts of corrupt organizations and conspiracy. She is the daughter of Vincent LoCastro.

All three were released on $100,000 unsecured bond.


Vincent LoCastro's son, Joseph Bruce LoCastro, 26, also of 203 Spartan, was arraigned May 17 on two counts of corrupt organization and conspiracy. He was arraigned before District Judge Jay Weller and was released on $100,000 unsecured bond.

Frank LoCastro is accused of purchasing 16 high-end vehicles from dealerships in Pennsylvania, Ohio, New Jersey and Maryland between Dec. 23, 2008, and Feb. 9, 2009, according to a criminal complaint filed by a trooper with the state police Bureau of Criminal Investigations. Thirteen different financial institutions were used to finance the purchases. Vehicles purchased included a Hummer, Porsche, Mercedes-Benz and Cadillac Escalade.

Vincent LoCastro, along with his son and daughter, reportedly were involved in the vehicle transactions.

Frank LoCastro reportedly gave false information on loan documents, identifying himself as vice president of LoCastro & Associates with an annual salary of $144,000. Frank LoCastro then defaulted on the loans.

Court documents indicate creditors lost several hundred thousand dollars on the defaulted loans. Some of the vehicles were recovered, but others were not, investigators said.

A preliminary hearing on the charges is set for Aug. 8 before Mark.


http://www.thealmanac.net/alm/story11/05-23-2012-locastros-arraigned

http://www.observer-reporter.com/or/washingtoncounty11/05-23-2012-last-locastro


5/12/2012 3:34 AM

Hospital eyes former All Pro site for possible future office

By Brad Hundt, Staff writer bhundt@observer-reporter.com

CANONSBURG - The site of the former All Pro Auto Mall at 108 S. Central Ave. could end up being the home of a satellite office operated by Washington Hospital.
Jamie Ivancic, a spokeswoman for Washington Hospital, confirmed that the hospital has purchased the property with an eye toward possibly moving its family practice and diagnostic facility at 67 E. Pike St. to that spot.

Ivancic noted, however, that permits have not been sought and no timetable has been established for moving to that location or for construction to start.

"Our intent is to replicate the same services," Ivancic said. "It's a bigger space."

All Pro Auto Mall, a used-car dealership, was once owned by Vincent LoCastro, who faces charges of corruption, conspiracy, fraud and theft charges that were filed this week. Last year, LoCastro pleaded guilty to a separate charge of making a false insurance claim in 2008. He was sentenced to 18 months' probation and fined $500.

http://www.observer-reporter.com/or/story11/05-12-2012-All-Pro-Auto-Mall



By: ibaft2006 Feb 2007 : LEO WANTA is truly a hero..
A man of uncomparable character and resolve. He is one of God's truly blessed men


By: ibaft2006 Mar 2007 Bush crime family is hard at work protecting their criminal cronies.
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist