Showing posts with label First Plus Financial Group. Show all posts
Showing posts with label First Plus Financial Group. Show all posts

Monday, September 14, 2015

Where are the Happy Endings?

I get interesting emails all the time from blog readers.  Some just like to call me names or others like to make threats from behind their keyboard. Some readers ask good questions. One that has been asked a few times is, “Why do you say that the life is bad? That it is a dead end?”  One guy said that it is only after a guy in the life gets caught or needs revenge that they say the life is no good.  He is right. That does not take away from the fact that these guys are not dying millionaires in their beds with extended family by their side. They think I am lying when I say there are no happy endings.  I myself do not know of any happy endings in the mafia. If you just consider having some money but no quality of life a success, then I question your idea of what life is all about.

Lets look at the man who started what today is the American Cosa Nostra as we know it. Charlie “Lucky” Luciano. To be fair, it was already around, but he did a major reconstruction on the whole organization.  He was sentenced on July 18, 1936 to 30-50 years of prison time for his part in a prostitution ring.  He sat in lock up until he made a deal with the United States Government to work for them.  Let's be clear on this.  He broke the rules of Cosa Nostra by working for and cooperating with the government.  I know a lot of people will say he did it for the war effort, but the bottom line is that he did it for Charlie Lucky.  He was a cooperator. He was deported to Italy where he continued to deal in heroin. He married, cheated many times on his wife and never had kids. He was basically broke when he died at the Naples airport where he was selling his story to a movie producer.  

Al Capone was sent away for tax evasion and spent his last years drooling on himself in his Florida mansion.  

The point I am trying to make is that none of these stories end well.  If money is what drives you and all you want is the flash, then yes, the life will most probably give you that.  You will go through some tough times, you will have to rob and steal.  You may have to kill a friend or two, but you will get some good years.  If you are lucky, you will get five years and then its RICO.  You will lose everything and so will your family.  They got Joey Massino to flip after they took his mother’s and wife’s homes away.  He could have done his time, but knowing the two women who stuck by him would suffer was too much for him. So he did what any smart guy would do.  He made a deal. They let his wife and mother keep their homes.

RICO is the hammer the Feds use to smash the life out of guys.  In the old days, if it was not in your name you would be able to keep it.  Today, guys go away and their families live in poverty. When they come home they have nothing and their crews don't help much at all.

A young guy with flash and money, okay I can see that happen. An old guy with cash and assets after a lifetime in the Mafia that might be like a white Buffalo, very rare.

Let's say you beat the odds and you live to be an old man.  You did a few years and had the law watching you for years.  What kind of life is that?  What about your kids and family.  A lot of the kids not in the life have substance abuse problems.  They have issues and that is brought on by the father.  

What about those that bring their kids into the life?  I guess the father did not love their child very much.  How could any reasonable thinking man think anything good would come out of having your son be a thief and murderer?

So here is my last example.  Nicodemo Scarfo Jr., or Nicky Jr, is the son of the man who became the boss of the Philadelphia family.  After his father Nicky Scarfo Sr. went away for life, Nicky Jr. was targeted for assassination.  He was shot up, but he lived, so Nicky Sr. asked his friend Vic Amuso, the boss of the Lucchese family, to take him into his family.  Vic agreed and Nicky Jr. was made into the Lucchese Family.  Nicky Jr was smarter than most street guys and he started ahead because his father was boss.  He used computers and other sophisticated means to make cash.

He and a few other guys took over a Texas based mortgage company and stole millions without using weapons.  Firstplus Financial Group was ripe for them to take over and they did by using a few well placed threats.  They also created some dummy corporations and they started bleeding the company dry.  They stole over 12 million dollars from the company while the scam was going on.

All that money and Nicky Scarfo Jr was just sentenced to 30 years behind bars at age 50.  He could make it because his father is 86 now and still locked up.  Nicky Scarfo Sr. has a release date in 2033 which I doubt he will make.

The guys who worked with Nicky Jr. to loot the mortgage company were given 20 and 10 year sentences.  Oh yeah and the Government seized all their assets.  It may have seemed that age 50 he was a success in terms of money, but the story ended otherwise.  As all that I know of do.






Sunday, March 2, 2014

Nicodemo Scarfo & Lucchese Scams

Halloween night 1989.  A lone man walks into Dante & Luigi's restaurant in South Philly wearing a Batman mask.  He walks straight towards a table of three men pulls out a Mac 10 and opens fire.  He fires five times at one man, striking him in the chest twice, the neck and arm, until he falls on the floor in a pool of blood. The masked man quickly exits the restaurant and drops the Mac 10 on the sidewalk outside.



Nicodemo Scarfo Jr.
Lying in the pool of blood: Nicodemo Scarfo Jr.  Luck was on his side that night because none of the wounds were life threatening.  In fact he didn't even need a blood transfusion. The bullets missed vital organs and blood vessels.  That is the way hits go sometimes.


The shooting gave the FBI an inside look into the mind of the 24 year old up and coming Mobster.  He had thrown his weight around because his father was the boss and one of the most violent in the country. Times had changed and  Nicodemo Scarfo Sr was now locked up in Federal Prison for the rest of his life.  They recovered a laptop computer belonging to the young Scarfo and they soon discovered bookmaking and shylocking records.  This was new because very few Mobsters even knew what a computer was at the time.


The shooter would be identified in court years later as Skinny Joey Merlino, the son of imprisoned Underboss Salvatore "Chuckie" Merlino.  Skinny Joey and Nicodemo Jr had been close friends at one time, but when the elder Scarfo had a falling out with the Merlinos they stopped being friends.  Joey was tired of Nicodemo Jr acting like he was the new boss of Philly and he was trying to lead his young turks into a power position.  Nicodemo Jr was also collecting street tax and bringing messages from his father at the time, so this could have been a message to his father.


Nicodemo not only survived, but thanks to a close friendship that his father has with Lucchese Family boss Vic Amuso, he was Made into the Lucchese Family.  He quickly left Philly and started working with the Lucchese New Jersey crew.  The Lucchese Family has always had a strong presence in New Jersey so it was a good choice.  


The FBI would would also install a key logger system on Nicodemo Jrs computer so they could monitor his usage and passwords.  They had to use this "Bug" because he was using an encryption software called PGP and they could not get into his files.  Nicodemo would challenge this in pretrial motions, but like all things FBI they claimed that after the 9-11 attacks they had to use software like this and keep it secret.  They would use the information to indict him on racketeering charges.


Once he was out of prison, he was right back at things with Lucchese family in New Jersey.  He was promoted to Capo and he helped run the Lucchese's New Jersey factions Gambling business.  They went online and started taking action using the website BIGACTIONSPORTS.COM.  They also had a wireroom in San Jose, Costa Rica, with more than 20 people working the room and processing the bets.  In 2007 Nicodemo Jr was no longer in charge because he had moved on to bigger things. He would brag to people that he could steal more with a computer than 10 guys with guns.  They started calling him “Nick Promo”, “Mr. Apple” and “Mr. Macintosh” for his computer skills.


The state would launch an investigation aimed at taking down the Lucchese Family in New Jersey.  It would last a  year and was called Operation Heat.  This time they took down 34 people on gambling charges.  In the 15 months they were watching the crew they recorded 2.2 billion dollars in wagers!  Just so Operation Heat would get even more headlines, the State also indicted Edwin and Dwayne Spears , Edwin Spears is a high ranking member of the Nine Trey Gangster set Bloods.  They called it an alliance but it was just two Lucchese guys: Joseph Perna and Michael Cetta, financing an operation with a corrections officer to smuggle cellphones and drugs into prison. So much for the Mafia Bloods connection.


Nicodemo Scarfo Sr
Nicodemo was working on something much bigger at this time.  He and Sal Pellulo decided to target a company in Texas called First Plus Financial Group, a publicly traded company.  First Plus Finacial Group was a Texas Based Mortgage company.   In April of 2007 they replaced its management and board of directors with their own people.  They then had the board purchase two corporations owned by Nicodemo Jr and Sal Pellulo for millions of dollars and thousands of shares of stock..  The problem was the two companies had little or no value.  They then had the board pay out huge amounts of cash that went to them as consultants.  Nicodemo Jr bought a huge house using $250,000 he got from the scam.  He set up trusts for his kids that were used to launder the cash from the scam.  Sal Pellulo bought an $800,000 jet to travel to Texas and Florida. Then the best part of the scam is that they then helped the stock price rise and they sold their shares for a profit!  Nicodemo Scarfo Sr and Vic Amuso were on the indictment as indicted co conspirators in the whole scam.  They were called Uncle Nicky, Mr MacArthur and Uncle Vic or Papa.  They were helping him, calling shots, two bosses that were locked up for life!


We shall see soon what happens because they are set to begin trial and neither Nicodemo Jr nor Sal Pellulo ever had their names on any of the paperwork.