Mob-connected con artist pleads guilty in Internet investment scams
BY KIM JANSSEN Federal Courts Reporter email@example.com January 28, 2013 6:48PM
Updated: March 1, 2013 7:41PM
Anthony Boscarino promised gullible Internet investors that his betting tips were a sure thing.
Now the mob-connected con artist can be certain of another type of “lock” — the one on the door of his federal prison cell.
Boscarino — whose father was murdered by the Outfit — faces a lengthy spell behind bars after pleading guilty to spending millions of stolen dollars at Las Vegas casinos.
The 48-year-old pleaded to 37 counts of fraud, money laundering and illegal gun possession in federal court in Arizona last week, but still faces an additional 51 counts.
He stole more than $7 million and lived the high life thanks to a series of Internet scams that promised huge returns on phony investments in sports betting, a slot-machine gambling system, oil drilling and mortgage-backed securities, prosecutors say. Boscarino allegedly also asserted his mob credentials and threatened a witness. He is due to be sentenced in April.
It’s not the first time his family has hit the headlines. His brother, convicted felon Nick Boscarino’s alleged mob ties were enough to sink a Rosemont casino deal back in 2005, and their father was killed in the 1960s by mobsters who wrongly believed he was snitching to the feds.