Carmine Agnello, grandson of notorious mob boss John Gotti, has been sentenced to 15 months in federal prison after defrauding the U.S. governments COVID-19 relief program out of approximately $1.1 million. According to the U.S. Attorneys Office for the Eastern District of New York, Agnello fraudulently secured multiple Small Business Administration (SBA) disaster relief loans and redirected the funds for personal gain, including significant cryptocurrency investments.
he mob boss' grandson defrauded the U.S. government's Covid-19 relief system out of $1.1 million and invested at least half of it to invest in crypto businesses.
The grandson of Gambino crime boss John Gotti pleaded guilty to wire fraud after funneling $420K in stolen pandemic relief funds into crypto.