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flemsnopes

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flemsnopes

Re: None

Thursday, 01/09/2014 6:33:12 AM

Thursday, January 09, 2014 6:33:12 AM

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"Little Nicky," Mob Fraud Trial Begins

Federal prosecutors will start making their case to jurors that a group of Philadelphia and southern New Jersey mobsters pulled off a white-collar financial fraud scheme.

The trial of Nicodemo Scarfo and six other defendants is scheduled to start Wednesday. Prosecutors say the defendants used threats to take over a mortgage company and then kept the firm's assets for themselves.

Scarfo is the son of imprisoned crime family boss Nicodemo D. "Little Nicky" Scarfo.

Other defendants include a reputed mob associate and two lawyers and two men who were executives at FirstPlus Financial Group, the Irving, Texas-based mortgage company.

The trial is in federal court in Camden is expected to last about three months.
http://www.nbcphiladelphia.com/news/local/Mob-Fraud-Trial-Begins-239241121.html

I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!

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