Philly Mob Turncoat Spared Prison Time

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NBC10.com

A onetime loan shark for the Philadelphia mob who became a star government witness against his alleged former boss has been spared prison time.

The Philadelphia Inquirer said 47-year-old Louis "Bent Finger Lou" Monacello was sentenced Monday to time served.

He could have faced five years in prison after pleading guilty in 2011 to loan-sharking and racketeering. But U.S. District Judge Eduardo Robreno cited Monacello's cooperation in the three-year prosecution of reputed Philadelphia mob boss Joseph "Uncle Joe" Ligambi and his nephew and alleged consigliere George Borgesi.

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Neither Ligambi nor Borgesi were convicted.

Monacello told the judge Monday that he left his old life behind since being released from prison on a 2009 state-court conviction.

He said he works for a marketing company and moved to the Jersey Shore.

Copyright AP - Associated Press
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