Big Trial | Philadelphia Trial Blog: Mastronardo Gambling Trial

Showing posts with label Mastronardo Gambling Trial. Show all posts
Showing posts with label Mastronardo Gambling Trial. Show all posts
Monday, November 9, 2015

Joe Vito Mastronardo Dies In Prison

Joe Vito and son
By George Anastasia
For Bigtrial.net

Joe Vito Mastronardo, the "Gentleman Gambler" who lived life on his own terms and moved to the beat of a drummer that only he could hear, died in a federal prison this afternoon where he was serving a 20-month sentence for bookmaking.

The cause of death was believed to be complications from pneumonia, although no official word was released from the Federal Medical Center Devens, in Ayers, MA, where Mastronardo was doing time after entering a guilty plea earlier this year in the high profile case.

He was 65.

Mastronardo was considered one of the premier odds makers in the Philadelphia area and one of the best in the country. His betting line  -- the "Joe Vito line" --  was an industry standard. Mastronardo, who got his start taking bets while working as a teenaged caddy at a suburban country club, made millions over the years and was constantly the focus of law enforcement attention.

This came in part because of his high volume business, but also because he was the son-in-law of former mayor and police commissioner Frank L. Rizzo. Joe Vito married Rizzo's only daughter, Joanna. They had one son, Joseph F.

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Tuesday, March 10, 2015

Joe Mastronardo Gets Personal

By George Anastasia
For Bigtrial.net

Joe Mastronardo said he tried not to take the gambling case that has landed him and his father in jail personal.

But he said Assistant U.S. Attorney Jason Bologna took it there during a sentencing hearing earlier this month.

"He stood up, looked at me and said, 'Don't be like your father,' " said Mastronardo. "I thought that was petty and unprofessional ... If I turn out to be half the man my father is that would mean I'm an exceptional human being."

"My father is the greatest, smartest, toughest guy in the world ... My dad told Nicky Scarfo to go fuck himself? Who does that? My father's got a big set of balls."

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Wednesday, March 12, 2014

Guilty Pleas And $3.7 Million In Forfietures For Mastronardo Gambling Ring

By George Anastasia
For Bigtrial.net

First came the guilty pleas.

Now comes the cash.

A federal judge yesterday entered a preliminary forfeiture order that will have gentlemen gambler Joe Vito Mastronardo forking over $3 million seized by authorities during an investigation that targeted his international bookmaking operation, including more than $1.2 million stashed in PVC pipes that had been buried in the backyard of his posh Italianate mini-mansion in the Meadowbrook section of Abington Township.

The government will get an additional $700,00 from co-defendants in the case, including Mastronardo's brother John. The authorities also get to keep Joe Vito's 2001 Cadillac DeVille and a 2009 Nissan Altima used by another key figure in the bookmaking operation, according to the preliminary court order signed by U.S. District Court Judge Jan DuBois.

The forfeitures come in the wake of a global guilty plea entered by Mastronardo and 12 co-defendants in January. As part of that plea deal, prosecutors have agreed to drop a money-laundering charge against Joanna Mastronardo, Joe Vito's wife. She was the only defendant not charged with racketeering.

Thursday, October 31, 2013

Joe Vito Mastronardo, Gentleman Gambler, Heads To Court

Joe Vito
By George Anastasia
For Bigtrial.net

The numbers are staggering.

More than $1.3 million in cash seized at his home in the Meadowbrook section of Huntingdon Valley, including $1.1 million stashed in PVC pipes buried in the back yard.

Another $1.7 million in bank accounts frozen by the feds, part of a seizure action that totals more than $6.3 million.

And a money trail of wire transfers in excess of $3.2 million to financial institutions in Sweden, Malta, Antiqua and Portugal.

That's the financial picture painted by federal prosecutors in the case against "Gentleman Gambler" Joe Vito Mastronardo Jr. and 15 co-defendants, including his wife, his son and his brother.

"At its peak, the Mastronardo Bookmaking Organization had over 1,000 bettors and was generating millions of dollars of betting activity in a year," an indictment now pending in U.S. District Court alleges.

But that's just part of the story.
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