Brooklyn mobster busted for failing to report $2M capital gains



A Brooklyn mobster was a true wiseguy when it came to making deals in a hot real estate market — but he was a real dummy about paying taxes, authorities say.


Salvatore (Sallie) DeMeo, 77, was busted on tax-evasion charges Thursday as federal prosecutors claim he failed to report $2 million in capital gains. The reputed Genovese soldier also stiffed Uncle Sam out of $367,000 in taxes, prosecutors say.


The oldfella is making a quick return trip to the halls of justice. Just last month, DeMeo was sentenced to five years’ probation after pleading guilty in Brooklyn Supreme Court to his role in a loansharking and gambling racket.


The new tax charges aren’t mob-related, but prosecutors call DeMeo a “longtime, loyal member” of the Genovese crime family. His criminal past includes a 2002 Brooklyn federal court plea connected to a bank stick-up and an armored car heist.

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DeMeo inherited shares of valuable pieces of downtown Brooklyn land from his dad, the indictment said.

Salvatore (Sallie) DeMeo.

Salvatore (Sallie) DeMeo.


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 didn’t want the feds dipping into his share, prosecutors say.


As a result, he had the checks on his proceeds cut into eight small portions and he put most of the money in accounts that weren’t his, prosecutors charged.


He deposited about $1 million in an account for a plumbing business he didn’t own. Prosecutors said DeMeo kept it all in the family because the business was run by another Genovese member.

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DeMeo is also suspected of cutting a $355,000 check to a person with an unlicensed check-cashing business. The money — minus a fee — funneled back to DeMeo, according to court papers.

Mug shot of Venero Mangano, dubbed Benny Eggs, taken Feb. 26, 1990.

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He was released on a $2 million bond, despite prosecutors’ protests and concerns he is a flight risk.


DeMeo’s lawyer, Gary Farrell, said his client wasn’t going anywhere or hanging with the wrong crowd.


“They want him to stay out of the social clubs. But the social club days are over. That’s the old Sal,” Farrell said in court.

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“Organized crime members are on notice that this Office and its law enforcement partners will hold them accountable for such economic crimes no less than for their traditional schemes and offenses,” Brooklyn Executive U.S. Attorney William Muller said.


Federal guidelines say the graying gangster could face more than three years in prison if convicted.  

Tags:
mafia
new york real estate
fraud
genovese family

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