Philly Loanshark Bust

[PHL_Mob]

Frank Scarpato busted by PA State police in Delco, but he’s a South Philly guy, for making terroristic threats and corrupt organization. He’s got a plumbing business also.

[CTamg65]

His business is involved with the union and I Think he was indicted or looked into in the past not sure exactly but I know I read something about it

[PHL_Mob]

Frank Scarpato

[PHL_Mob]

FS

[NJShore4Life]

https://patch.com/pennsylvania/media/st ... -operation

[Stroccos]

Who they with.? If anyone ?

[PHL_Mob]

I bet they kick something up to Borgesi/Johnny Chang. Or he was seeded by those guys but guess is because he’s having trouble paying his bail he’s not that liquid so he was loaned money from someone downtown at 1.5 points and flipping it at 2.5-3 points. Hes def a south philly guy but seems to be making loans in Delco so they’re probably 5-figure loans to businesses or personal loans.

[furiofromnaples]

His business is involved with the union and I Think he was indicted or looked into in the past not sure exactly but I know I read something about it

MEMORANDUM
Presently before the Court is Plaintiffs’ Motion for Entry of Judgment Against
Defendants Frank Scarpato and F.P.S. Plumbing, Inc. (Doc. No. 34.) For the following reasons,
the Motion will be granted.
I. BACKGROUND
Plaintiffs are the Plumbers Union Local No. 690 and trustees of the various Plumbers
Local Union 690 Industry Funds. (Am. Compl. ¶ 3.) Defendants Frank Scarpato, F.P.S.
Plumbing, Inc., and Campanella Construction Company are engaged in the plumbing industry.
(Id. ¶ 5.) On January 1, 2006, Scarpato, as owner and president of F.P.S. Plumbing, executed a
Consent and Approval Statement agreeing to the terms and conditions of the Plumbers Local
690’s Collective Bargaining Agreement (“CBA”). (Id. ¶¶ 7, 18; Doc. No. 1, Ex. A.) Between
2006 and 2008, Defendants performed work on projects at the Western Union Building in
Philadelphia, with Campanella retaining F.P.S. Plumbing as a subcontractor. (See id. ¶¶ 8-10.)
At some point during the project, Campanella discovered that F.P.S. Plumbing was not
forwarding benefit payments to the Plumbers Local 690 as required by the CBA.

[NJShore4Life]

I bet he was kicking up and then using that he was “with” the Downtown Guys to help him collect on his loans from the suburban Delco crowd he lended to, just a hunch.

[CTamg65]

Sounds about right NJShore....I know it said he didn't make bond but that was right there on the spot...I'd be Very Suprised if he wasn't out yet especially with the business ,you can make Great money plumbing especially If you own a business and know the right people with side work cash jobs and if he was loansharking he most likely was taking action even if it was just NFL which just finished ...Most of not all bondsman take payment plans with only 2 to 3 percent of the 10pct needed to get out up front they also take collateral (real eatate,cars etc.) I'd be shocked if he wasn't out yet if he would get together 25 grand cash or collateral he could be out with a payment plan assuming his bond was set at 750,000 and not lowered at his arraignment

[PHL_Mob]

All this prick has to do is put up his house as collateral. Even if it’s 50% paid off I bet that’s enough Equity. He’s got
Properties downtown so he’s probably out by now.

[chin_gigante]

DS on insta saying court documents reveal Scarpato threatened to send mob guys to collect loans

[500YearReign]

As far as I'm concerned, Frank's a nice fella, hope everything works out for him.