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

Tuesday, March 28, 2017

Feds bust $26 million Bonanno family loansharking ring

Brooklyn federal prosecutors say they've netted Bonanno crime family loansharks who racked up $26 million in illegal proceeds.

The 10 reputed Bonanno members and associates were charged with racketeering and related charges in the 37-count indictment unsealed Tuesday.

Prosecutors said the wiseguy shenanigans, tough talk and rough-ups stretched over 17 years.

For instance, they said Ronald "Ronnie G." Giallanzo, an acting captain in the family, got an unnamed Bonanno associate to bring him a customer who owed him $250,000 and wasn't making the weekly interest payments. The pair beat the customer until he soiled himself as Giallanzo, 46, screamed, "Where's the f------g money?"

The 10 defendants are scheduled for arraignment this afternoon in Brooklyn federal court.

Acting Brooklyn U.S. Attorney Bridget Rohde said the arrests "reveal La Costra Nostra's continued presence in the community. Through acts of violence, including murder conspiracy, loansharking, illegal gambling, robbery and other offenses, the defendants are alleged to have amassed a fortune in ill-gotten gains. With these arrests, the defendants will be held accountable for their wide-ranging and destructive conduct."

The defendants are looking at up to 20 years in prison.



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