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Feds sentence mob royalty Carmine Agnello for lining his pockets with tax dollars and crypto

Feds sentence mob royalty Carmine Agnello for lining his pockets with tax dollars and crypto

Carmine Agnello, the mob boss John Gotti’s grandson, was sentenced to 15 months in prison for defrauding the U.S. government’s Covid relief funding system out of $1.1 million, proceeds which he used to invest in crypto, the Department of Justice said.

In a statement released Monday, the U.S. Attorney’s Eastern District of New York office said Agnello fraudulently obtained multiple disaster relief loans from the government’s Small Business Administration (SBA) and used the funds in cryptocurrency investments.

Gotti’s grandson “diverted [the proceeds] for his personal use, including by investing approximately $420,000 in a cryptocurrency business,” the attorney’s office said.

The fraudster, who will turn himself in for…

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