Frank Giovinco convicted of racketeering & extort

FRANK GIOVINCO, 52, of Syosset, New York, was convicted of one count of racketeering conspiracy, which carries a maximum potential sentence of 20 years in prison, and one count of conspiracy to commit extortion, which also carries a maximum potential sentence of 20 years in prison. The maximum potential sentences are prescribed by Congress and are provided here for informational purposes only, as the sentencing of the defendant will be determined by the judge. Sentencing before Judge Rakoff is scheduled for March 11, 2020.

In the early 1990s, GIOVINCO was inserted by the Genovese Crime Family into a scheme to control the waste carting industry in New York City, and as far back as the late-1990s, GIOVINCO was a member of the Genovese Crime Family. In more recent years, and continuing until 2017, GIOVINCO conspired with other members and associates of the Genovese Crime Family to commit a wide range of crimes to enrich themselves and the Genovese Crime Family, including multiple acts of extortion, honest services fraud, and bribery. GIOVINCO’s activity for the Genovese Crime Family was centered on two local chapters (the “Unions”) of a labor union. GIOVINCO participated in a host of schemes designed to manipulate and siphon money from the Unions for the benefit of the Genovese Crime Family. Among other things, GIOVINCO extorted a financial adviser (the “Adviser”) and a labor union official (“Official-1”) for a cut of commissions made from union investments. Audio recordings captured GIOVINCO planning to “rattle the cage” of a victim, and to have another victim’s “feet held to the fire.” When Official-1 failed to pay the commissions demanded by GIOVINCO and other members of the Genovese Crime Family, Official-1’s life was threatened by GIOVINCO and his co-conspirators. GIOVINCO further plotted to profit from union investments by paying kickbacks to Official-1 and others, in exchange for a cut of future commissions. GIOVINCO also participated in the long-running extortion of a union president (“Official-2”) for annual tribute payments of more than $10,000, and sought a job at the union for the purpose of exerting control over Official-1 on the Genovese Crime Family’s behalf, and threatening to replace Official-1.



https://allongeorgia.com/georgia-pu...-of-racketeering-and-extortion-offenses/

They offerd him something like 3 4 yrs. But the judge in the case said he doesnt punish people in his court that go to trial. So hes probaly gonna get 5yrs

Was he a skipper or in someones crew?

sounded to me like he was reporting to chins son vincent esposito. i dont know why the feds wouldnt come out and say esposito was the capo but they admitted 2 genovese soldiers were running the extortion racket for him and kick money back to him, hes the guy the feds found the 4million or whatever cash in chins old upper eastside mansion. there was lists of inducted guys who were made well after chin died so the only reason esposito would have them is he was reviewing the names. he must be close to barney b i thinkl

Thanks for the news TheDon1999. Giovinco featured prominently in the book "Takedown" about the mob's control of the garbage industry. It was interesting to see him pop up again.

Francolino was a close associate of his and he is mentioned in the book too. He sold a piece of property in manhattan for $20 million not long ago.

https://nypost.com/2019/12/05/mobst...-down-iconic-italian-spot-il-mulino-fbi/

https://eu.dailyrecord.com/story/ne...ntenced-illegal-check-scheme/3902583002/

https://therealdeal.com/2020/02/20/...-new-president-following-2-resignations/