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Philadelphia La Cosa Nostra Associate Pleads Guilty to Loan Sharking

(DoJ) Robert Ranieri, 37, of Glendora, N.J., pleaded guilty today to committing loan sharking activities on behalf of the Philadelphia La Cosa Nostra (LCN) Family.

Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Zane David Memeger of the Eastern District of Pennsylvania and Edward J. Hanko, Special Agent in Charge of the FBI’s Philadelphia Division, made the announcement after the plea was accepted by U.S. District Judge Eduardo C. Robreno in the Eastern District of Pennsylvania.

Through court documents and statements made in court, Ranieri admitted that he conspired with Philadelphia LCN Family capo Anthony Staino and others to make a usurious loan to an undercover FBI agent and used threats of violence to collect payments on the loan…read full article

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