by gohnjotti » Thu Mar 15, 2018 1:30 pm
"Festa, 39, also agreed to forfeit $500,000. He is slated to pay $140,000 on sentencing day. The $360,000 balance will be paid off in monthly $1000 installments, beginning six months after he gets out of prison. His payments will end 30 years later."
This made me think about how many other wiseguys are paying back huge forfeitures when they are elderly. I imagine it's very common for mobsters to have to consistently pay back monthly installments until their 70s and 80s, which could be another reason why wiseguys never seem to retire.
"Festa, 39, also agreed to forfeit $500,000. He is slated to pay $140,000 on sentencing day. The $360,000 balance will be paid off in monthly $1000 installments, beginning six months after he gets out of prison. His payments will end 30 years later."
This made me think about how many other wiseguys are paying back huge forfeitures when they are elderly. I imagine it's very common for mobsters to have to consistently pay back monthly installments until their 70s and 80s, which could be another reason why wiseguys never seem to retire.