Yvonne Rossetti pleaded guilty yesterday to, among other charges, "taking part in a local $1 million real estate investment fraud." In 2006 Yvonne Rossetti was the target of a Bonanno extortion scheme through which her own fraud came to light:
Rossetti was thrust into the spotlight in late 2006 when the FBI said she was the victim of a $100,000 mob extortion scheme. Investigators alleged that a Bonanno family associate threatened her reputation if she didn't pay back the money, which he had borrowed from a reputed Bonanno soldier and used to top off an earlier investment of $400,000 in Rossetti's bogus real estate venture. * * * After reputed Bonanno crime family acting underboss Nicholas Santora, consiglieri Anthony Rabito and others were charged with playing roles in the extortion, defense attorneys and former friends of Yvonne Rossetti on Long Island and in Queens came forward with allegations in court papers that she was involved in a real estate scheme or had borrowed money from them without making repayments.
Yvonne Rossetti's husband, reputed Bonanno associate Vincent Rossetti, under indictment in a different federal extortion case, became a cooperating witness for the government after the extortion attempt against his wife, and he testified earlier this month at the racketeering trial against alleged Gambino hitman Charles Carneglia.