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

Wednesday, February 2, 2011

Bonanno crime family associate sentenced to five years

A Bonanno family associate was sentenced to five years in prison for threatening to kill a man who owed a $500,000 loan-sharking debt.
James Malpeso, 41, of Staten Island, must also pay $100,000 for restitution and a $50,000 fine.
Judge Nicholas Garaufis pointed out that at one point that victim Malpeso shook down "was paying $5,000 a week in interest."
Malpeso drove around in a white Cadillac Escalade with a handgun in the center console, and threatened to harm the debtor.
At one meeting with the victim, Malpeso was taped by federal agents saying, "You owe $110,000 . . . you never f- - -king paid. . . . I'm going to put a hole in you somewhere."
After watching him threaten the debtor during a surveillance, FBI agents followed Malpeso to his home and then watched him take his children out for ice cream.
The judge noted during the hearing in Brooklyn federal court that Malpeso "didn't have a job, but he has a house worth $700,000."
Vincent Romano, Malpeso's attorney, said his client purchased the house after receiving a $1.2 million settlement for a work-related injury.


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