The feds have indicted reputed Lucchese mobster Nicodemo Scarfo Jr. and 12 others, including Scarfo's wife Lisa Murray-Scarfo, for their alleged roles in the extortionate takeover and systematic looting of the publicly-traded mortgage company FirstPlus Financial Group, Inc. which is based in Irving, TX as reported by Jerry DeMarco for the Cliffview Pilot:
A federal bankruptcy trustee has put the overall take at $4.86 million. However, federal authorities today said FirstPlus milked $12 million from investors by buying or investing in shell companies the two established with Philadelphia and South Jersey addresses.
The crew allegedly responsible for this job wasn't staffed with common street thugs but white collar professionals, and among the indicted are five lawyers and a certified public accountant as reported by The Associated Press: "'The criminal activity is evolving,' said Michael Ward, agent-in-charge of the FBI in Newark. 'It's going from the back alleys to the boardrooms.'"
The indicted lawyers have been identified as William Maxwell, Cory Leshner, David Adler, Gary McCarthy and Donald Manno, and the accountant as Howard Drossner as reported by Terin Miller for The Wall Street Journal.
Of course, although a white collar scheme, some of the alleged tactics still invoked traditional mob degeneracy, and the feds accuse co-defendant Salvatore Pelullo of threatening a member of the FirstPlus board "that if he didn't go along with the plan, 'your kids will be sold off as prostitutes.'"
Nicky Jr. is the son of imprisoned Philly mob boss Nicodemo "Little Nicky" Scarfo who is named as an unindicted co-conspirator. The mob scion also was busted last year in a New Jersey gambling case which remains pending.