A former Palm Beach County resident was sentenced to serve 24 months in prison for charging an undocumented worker an annual interest rate of 180% on a $10,000.00 loan.
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, George L. Piro, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, and Scott Israel, Sheriff, Broward Sheriff’s Office, made the announcement.
The evidence at trial revealed that in September 2009, Francisco Aletto, Sr., 60, worked at a pawn shop in Boca Raton, Florida. An undocumented worker entered the pawn shop to pawn a gold chain for his gas station business located nearby. Instead of accepting the chain as collateral, Aletto loaned the worker $10,000 and charged him $375 interest per week (180% annually). After the worker made several weekly payments, Aletto introduced him to several of Aletto’s friends who subsequently loaned the victim an additional $30,000. After 13 months, the victim paid over $57,000 in interest and lost to Aletto a 2004 Dodge Ram truck on a $3,000 pawn. When the victim was unable to continue to pay the mounting debt, Aletto and his friends threatened to kill him. Based on information received from a confidential source, the FBI located the victim and prevented him from being harmed. Four of Aletto’s accomplices have pled guilty and also have been sentenced for their roles in making and collecting extortionate extensions of credit.
Get the latest breaking current news and explore our Historic Archive of articles focusing on The Mafia, Organized Crime, The Mob and Mobsters, Gangs and Gangsters, Political Corruption, True Crime, and the Legal System at TheChicagoSyndicate.com
Showing posts with label Francisco Aletto Sr. Show all posts
Showing posts with label Francisco Aletto Sr. Show all posts
Tuesday, January 13, 2015
Subscribe to:
Posts (Atom)
Best of the Month!
- Mob Hit on Rudy Giuilani Discussed
- Mafia Wars Move to the iPhone World
- The Chicago Syndicate AKA "The Outfit"
- Village of Stone Park Place Convicted Mob Felon on Pension Board, Trustees Hide and Sneak Out Back Door, When Asked About It
- Anthony Calabrese, Mob Connected Leader of Robbery Gang, Sentenced to 62 Years in Federal Prison
- Mafia Princess Challenges Coco Giancana to Take a DNA Test to Prove She's Granddaughter of Sam Giancana
- Prison Inmate, Charles Miceli, Says He Has Information on Mob Crimes
- Hank Muntzer Sentenced to Prison on Felony and Misdemeanor Charges for Actions During Insurrection and Attack of the US Capital on January 6, 2021
- No Egg McMuffin Results in Arrest of Mob Associates
- Chicago Mob Infamous Locations Map