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

Monday, May 21, 2018

Aging Genovese gangster pleads guilty to tax evasion


https://thenypost.files.wordpress.com/2018/05/180521-salvatore-demeo-feature-image.jpg?quality=90&strip=all&w=1236&h=820&crop=1
An aged mobster pleaded guilty to attempted tax evasion in Brooklyn federal court on Monday for avoiding taxes on $2 million profits from the sale of properties in 2014.
Old-fella Salvatore “Sallie” DeMeo – a reputed Genovese crime family soldier – pleaded guilty for failing to pay the IRS $367,000 he owed on the sale of two Brooklyn properties that he inherited from his father in 1991.
“I attempted to evade capital gain taxes…I was aware I was responsible for paying taxes on these capital gains and I never filed the appropriate returns or made those payments,” the 78-year-old admitted in court as his daughter and two cousins looked on in support.
“I avoided depositing the checks I received from the proceeds of the sale of the property into accounts that were not readily traceable to me as a means to avoid detection,” DeMeo added.
Prosecutors alleged that DeMeo funneled $1 million of the profits through another wiseguy’s plumbing company.
DeMeo’s lawyer, John Meringolo, confirmed the payments were made to Christopher Chierchio’s Staten Island company, RCI Plumbing.
“There was nothing unlawful with that transaction,” Meringolo – who also reps Chierchio – said.
Chierchio is also an alleged Genovese crime family soldier.
Outside of court DeMeo’s lawyer, Gary Farrel, said “we are hoping for a lenient sentence for a man in the golden years of his life.”
The Brooklyn wiseguy could face two-and-a-half years in prison at his Oct. 11 sentencing. He will also be expected to pay $367,673 in restitution to the IRS.
DeMeo’s lawyers said he plans to pay back the money before his sentencing by selling another Brooklyn property he owns.
This is not DeMeo’s first encounter with the law.
He was convicted for stealing nearly $400,000 from a Manalapan, N.J. bank in 1996 and was sentenced to 57 months in federal prison on racketeering charges after spending a year on the lam.
And in another case, the septuagenarian was sentenced in Brooklyn state court to probation last September for running an illegal off-shore gambling ring in Costa Rica.

https://nypost.com/2018/05/21/elderly-mobster-pleads-guilty-to-attempted-tax-evasion/


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