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

Thursday, April 22, 2010

Genovese Associate Gets 11 Years For Securities Fraud

Frank Schwamborn, a reputed longtime associate of the Genovese crime family, has been sentenced to 11 years in prison after pleading guilty in March 2009 to securities fraud for selling $2.1 million of worthless stock as reported by Keiko Morris for Newsday.  Schwamborn recently completed serving a 55 month sentence for a previous racketeering and money laundering conviction connected to the Genovese crime family.


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