Updated news on the Gambino, Genovese, Bonanno, Lucchese and Colombo Organized Crime Families of New York City.

Tuesday, February 9, 2010

Nicolo Rizzuto faces Tax Evasion Charges

Vito RizzutoImprisoned Boss Vito Rizzuto via Wikipedia
Nicolo Rizzuto, father of reputed mob boss Vito Rizzuto and grandfather of Nick Ruzzuto Jr. who was gunned down last December, is "facing new charges alleging he committed tax evasion by not paying taxes on certain income in 1994 and 1995" as reported by Graham Hughes for The Montreal Gazette:
The charges allege he failed to pay more than a total of $150,000 in taxes the government alleges he owes from both those years. The undeclared income is alleged to come from more than $620,000 in interest made on investments not disclosed in the charges filed at the Montreal courthouse. According to La Presse, the investigation was generated by the 1994 discovery of three Swiss bank accounts that were in the names of other people.
Meanwhile, "four other Rizzutos are due in court over the sale of a defunct Ontario ad company" as reported by Tu Thanh Ha for The Globe and Mail.
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