Mob boss John Gotti’s grandson is headed to prison for a $1.1 million Covid fraud and crypto scheme
CoinDesk·1d ago·Neutral
What Happened
Carmine Agnello, John Gotti's grandson, received 15 months imprisonment for defrauding the U.S. Small Business Administration of $1.1 million in COVID relief loans. He fraudulently obtained disaster relief funds between April 2020 and November 2021, falsely claiming they were for his Queens autoparts and recycling business. Agnello invested approximately $420,000 in cryptocurrency using the stolen government funds.
Key Entities
Carmine AgnelloJohn GottiU.S. Small Business Administration (SBA)COVID-19 Relief FundsCryptocurrencyU.S. Attorney Eastern District of New YorkQueens, New York