Mob boss John Gotti’s grandson is headed to prison for a $1.1 million Covid fraud and crypto scheme
CoinDesk
Carmine Agnello, grandson of John Gotti, received a 15-month prison sentence for a $1.1 million Covid-19 relief fraud involving cryptocurrency investments.Summary
Carmine Agnello, the grandson of notorious mob boss John Gotti, has been sentenced to 15 months in prison for orchestrating a $1.1 million fraud against the U.S. government’s Covid-19 relief program. Prosecutors revealed that Agnello submitted false applications to the Small Business Administration, claiming the funds were for his auto parts business while actually diverting at least $420,000 into cryptocurrency ventures. Agnello is ordered to repay the stolen funds, highlighting a broader issue of systemic fraud within pandemic relief efforts.
(Source：CoinDesk)