Saturday, November 7, 2026
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Late Gambino Boss John Gotti’s Grandson Sentenced to 15 Months for $1.1M COVID Loan Fraud Tied to Crypto Firm – Bitcoin News

by SB Crypto Guru News
April 21, 2026
in Crypto Updates
Reading Time: 3 mins read
0 0
A A
0


Key Takeaways:

  • Carmine Agnello, grandson of Gambino boss John Gotti, received a 15-month federal prison sentence on April 20, 2026.
  • Agnello diverted roughly $420,000 of $1.1 million in fraudulent SBA EIDL funds into a cryptocurrency business.
  • U.S. Attorney Joseph Nocella Jr. signaled the Eastern District of New York will continue prosecuting COVID-19 relief fraud cases.

Gambino Family Descendant Gets Prison Time for Diverting COVID Funds Into a Crypto Company

U.S. District Judge Nusrat J. Choudhury imposed the sentence in federal court in Central Islip, New York. Agnello, 39, of Smithtown, New York, must also pay $1,268,302 in restitution to the SBA, serve two years of supervised release following his release from prison, and complete 100 hours of community service. The sentence came below federal guidelines, which pointed to a range of roughly 31 to 44 months.

Agnello operated Crown Auto Parts and Recycling, LLC, based in Jamaica, Queens. Between April 2020 and November 2021, he submitted at least three fraudulent applications for Economic Injury Disaster Loans through the SBA’s CARES Act program, which provided low-interest emergency financing to small businesses hurt by the pandemic. He received the full $1.1 million.

Late Gambino Boss John Gotti's Grandson Sentenced to 15 Months for $1.1M COVID Loan Fraud Tied to Crypto Firm
Carmine Agnello, the grandson of Gambino boss John Gotti.

To obtain the funds, Agnello misrepresented the number of employees at Crown, falsely described how the loan proceeds would be used, and claimed he had no criminal record. He had a 2018 New York State misdemeanor conviction at the time. The SBA and associated financial institutions wired the money to bank accounts he controlled. Instead of using the funds for payroll, rent, or operating expenses, Agnello diverted the proceeds for personal benefit, including investing approximately $420,000 into a cryptocurrency business.

Agnello pleaded guilty on Sept. 26, 2024, before Judge Choudhury to one count of wire fraud. The charge carried a maximum of 30 years in prison. At sentencing, his defense noted personal circumstances, including his role as a kidney donor to his mother, Victoria Gotti. After court, Agnello told NBC New York reporters, “It’s alright, it could be worse.” Prosecutors framed the conduct as a deliberate misuse of taxpayer funds during a national crisis.

U.S. Attorney Joseph Nocella Jr. said the defendant “shamefully lined his own pockets with government and taxpayers’ dollars” that were meant to support legitimate businesses and workers during the pandemic. Nocella added that his office would continue to pursue individuals who stole from the relief programs. U.S. Postal Inspection Service Inspector in Charge Ketty Larco-Ward said the case showed what postal inspectors and law enforcement partners can accomplish working together. The scheme was investigated by the U.S. Postal Inspection Service, with assistance from Homeland Security Investigations.

Agnello is publicly known as a reality TV personality from the mid-2000s A&E series “Growing Up Gotti,” which followed the family of his grandfather, John Gotti. His grandfather rose to the top of the Gambino crime family in 1986 after helping orchestrate the assassination of boss Paul Castellano outside a Manhattan steakhouse in December 1985.

Unlike most mob leaders, Gotti embraced public attention, appearing regularly in expensive suits and high-profile settings. That visibility earned him the nickname “Dapper Don” and later “Teflon Don” after he beat several federal prosecutions in the late 1980s. Federal prosecutors eventually used surveillance recordings and testimony from former underboss Salvatore “Sammy the Bull” Gravano to convict him on racketeering and murder charges in 1992.

The former mob boss died in prison in 2002. Agnello’s case centers on pandemic relief fraud and is unrelated to organized crime matters involving his late grandfather and other Gotti family members. The cryptocurrency business that Agnello invested in is not publicly named in any official court documents.

According to a CBS News report, Agnello’s defense counsel stated in a pre-sentencing memorandum that the cryptocurrency expenditures amounted to “a form of gambling driven by an addiction to cryptocurrency trading,” a pattern Agnello has since addressed through treatment.



Source link

Tags: 1.1MBitcoinBitcoin NewsBossCovidCryptoCrypto NewsCrypto UpdatesFirmfraudGambinoGottisgrandsonJohnLateLatest News on CryptoLoanMonthsNewsSB Crypto Guru NewssentencedTied
Previous Post

How crypto futures markets are feeding ‘scam coin’ insider pump and dumps

Next Post

Anthony Scaramucci Puts Bitcoin Market Cap At $21 Trillion, So How Much Will 1 BTC Be?

Related Posts

Former FBI Agent Pleads Guilty to Stealing $2.47M in Crypto Across 35 Cases

by SB Crypto Guru News
November 7, 2026
0

Key TakeawaysFormer FBI agent Patrick Steven Yaroch pleaded guilty to stealing $2.47 million in cryptocurrency through approximately 100 unauthorized transfers...

Nigeria Erects Strict Stablecoin Wall, Demanding $11M Local Subsidiaries for US Dollar Tokens

by SB Crypto Guru News
November 6, 2026
0

Nigeria has adopted regulations for non-security virtual assets that make it one of the most restrictive stablecoin market-access regimes currently...

LuqEE Simplifies Solo Bitcoin and Bitcoin Cash Mining

by SB Crypto Guru News
November 6, 2026
0

The model has already produced a public record of block discoveries. On October 22, 2026, LuqEE reported a 100th solo...

Greece Approves 10% Crypto Tax Starting in 2027

by SB Crypto Guru News
November 6, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Greece approves a new cryptocurrency tax framework...

Binance, Deribit Kill SignalPlus API Keys After $82K Social Engineering Breach

by SB Crypto Guru News
November 6, 2026
0

Key Takeaways:Binance and Deribit removed all the API keys associated with SignalPlus.The losses haven’t exceeded $82,000, SignalPlus said, and its...

Load More
Next Post
Anthony Scaramucci Puts Bitcoin Market Cap At  Trillion, So How Much Will 1 BTC Be?

Anthony Scaramucci Puts Bitcoin Market Cap At $21 Trillion, So How Much Will 1 BTC Be?

North Korea stole 0 million from crypto in 20 days

North Korea stole $500 million from crypto in 20 days

  • Trending
  • Comments
  • Latest
The right way to Set Up NFT Gross sales Notifications

The right way to Set Up NFT Gross sales Notifications

October 21, 2023

Does Crypto Mining Damage Your GPU? The Real Risks

August 19, 2026
K, D, J Lines & Signals

K, D, J Lines & Signals

June 8, 2026

Harvey opens Connector Library for legal workflow integrations

October 21, 2026
Who Is Liang Wenfeng, the Founder of AI Disruptor DeepSeek?

Who Is Liang Wenfeng, the Founder of AI Disruptor DeepSeek?

February 4, 2025
How to Build Dapps on Linea – Moralis Web3

How to Build Dapps on Linea – Moralis Web3

May 24, 2024

Your Founder Hired You to Lead — So Why Won’t They Let You?

0

Former FBI Agent Pleads Guilty to Stealing $2.47M in Crypto Across 35 Cases

0

Samsung Wallet and USDC Light the Fuse as CRCL Tokenized Stock Goes Electric

0

Bitcoin Finds Opportunity as $1.1B in Long Positions Disappear

0

Best 7 MetaTrader 5 (MT5) Brokers in 2026

0

Whitney Museum selects a staff curator and a stage director to lead 2028 biennial – The Art Newspaper

0

Former FBI Agent Pleads Guilty to Stealing $2.47M in Crypto Across 35 Cases

November 7, 2026

Bitcoin and USDT attract modest premiums in Paraguay as millions face banking crisis

November 6, 2026

Terawulf and IREN Bet Big on AI as Bitcoin Mining Revenue Shrinks – Bitcoin News

November 6, 2026

Your Social Media Team Needs More Training — Not More Tasks

November 6, 2026

Nigeria Erects Strict Stablecoin Wall, Demanding $11M Local Subsidiaries for US Dollar Tokens

November 6, 2026

FinCEN Cuts Off MEXC From U.S. Financial System Over Alleged $16B Illicit Flows

November 6, 2026
Facebook Twitter LinkedIn Tumblr RSS
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.