Thursday, October 12, 2017

Brooklyn mobster Salvatore (Sallie) DeMeo busted for unpaid Taxes

77-year-old Salvatore (Sallie) DeMeo was busted on tax-evasion charges Thursday as Brooklyn federal prosecutors claim he failed to report $2 million in capital gains. The long serving Genovese soldier stiffed Uncle Sam out of $367,000 in taxes. Just last month DeMeo pleaded guilty in Brooklyn Supreme Court to his role in a loansharking and gambling racket and was sentenced to five years probation. His past includes a 2002 Brooklyn federal court plea connected to a bank stick-up and an armored car heist.

Federal guidelines say the aging gangster could face more than three years in prison if convicted this time around. The Genovese is the oldest of the Five Families, with roots going back to the Morello crime family. The current family was founded by Charles 'Lucky' Luciano, and was known as the Luciano crime family from 1931 to 1957.
DeMeo inherited shares on the valuable swatches of downtown Brooklyn land from his father. Between 2013 and 2014, he and others sold off all their shares of the property along Atlantic Avenue, Pacific Street, Bond Street and Schermerhorn Street for $18.2 million.

But DeMeo wasn't about to give the feds their share from his cut.