“Little Nicky,” Mob Fraud Trial Begins

Federal prosecutors will start making their case to jurors that a group of Philadelphia and southern New Jersey mobsters pulled off a white-collar financial fraud scheme.
The trial of Nicodemo Scarfo and six other defendants is scheduled to start Wednesday. Prosecutors say the defendants used threats to take over a mortgage company and then kept the firm's assets for themselves.
Scarfo is the son of imprisoned crime family boss Nicodemo D. "Little Nicky" Scarfo.
Other defendants include a reputed mob associate and two lawyers and two men who were executives at FirstPlus Financial Group, the Irving, Texas-based mortgage company.
The trial is in federal court in Camden is expected to last about three months.

Copyright AP - Associated Press
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