Scarfo Jr appeal denial

[Tonyd621]

Scarfo Jr's appeal denial from July 15 is posted in the fbi files. Basically it was a company In a bankruptcy restructuring and not as sophisticated as I first thought
..
They also threatened to tell Phillips’s wife –
who was then divorcing him – that Phillips had raped an
assistant and used the company’s moneys to pay off the victim
when she got pregnant. According to Phillips, all those claims
were false, but he was nonetheless concerned that their
dissemination would cause grave damage to his and the
company’s reputations.
The letters had their intended effect. Phillips met with
William Maxwell and Pelullo, who indicated the allegations
would be dropped if Phillips and the FirstPlus board handed
the business over to them. Evidently, it was an offer he
couldn’t refuse.
Phillips swiftly persuaded the entire board to give up
their positions rather than try to engage in what would be a
messy and expensive fight with Pelullo’s group. Pelullo then
selected a new board of directors for FirstPlus: William
Handley (a friend of Pelullo’s who took over as Chief Financial
Officer), John Maxwell (William Maxwell’s brother and the
titular Chief Executive Officer), Roberts (who became
secretary of the company), Harold Garber (Scarfo’s father’s
attorney, who became the new board chairman), and Robert
O’Neal (one of William’s clients, who later succeeded...

[Tonyd621]

Pelullo was close to Scarfo Sr before associating with Junior. The older Sacrfo treated Pelullo as his "nephew it also states.
•scarfo junior was convicted in 1990 of assaulting a woman in an hospital elevator (I did not know)

•scarfo Jr had set up a trust for his daughter and the money went to that which was called Learned Associates of North America LLC. ("LANA")
•that trust and other entities financially enriching Scarfo were run by co decedent and cousin John Parisi

•Pellulo and Scarfo (this was a smart move move if your into that sort of thing) created 3 shell companies and made firstplus acquire them for
A)Rutgers investment group llc (1.8m and 100k shares of firstplus
B)globalnet enterprises llc ($4.5M and million plus shares)
C) the premier group llc (aggregate total $725,000)

•pelullo brought in a man from a business brokerage firm to value their companies at valuations far exceeding what book value was (similar to real estate appraiser in sopranos)

•pelullo hired another man to meet disclosure requirements for being a publicly traded company by threatening him to not disclose certain material information
•one co defendant named John Maxwell drove from dallas,TX to scarfos house in NJ to deliver a gun (I thought was odd) Maxwell discovered he was being followed on that trip
•When Scarfo, Pelullo, and their co-conspirators took
over the company in early June 2007, FirstPlus had almost $10
million in its accounts, and it received a $4.4 million waterfall
payment later that year. By the following May, when the FBI
seized the accounts, there was less than $2,000 left.

•The Court also fielded a complaint from a juror, who
said that other members of the jury were being intransigent in
discussions )which basically the juror doesn't agree with everyone else)

•alot of issues with jurors
•pelullo said the govt failed to conduct his trial in accordance with "speedy trial act"

[Tonyd621]

Alot of interested tidbits I know some of you more experts may know most if not all but I don't and pointed out some interest to me

[Tonyd621]

I thought it was some sophisticated operation by Scarfo junior, but I was wrong. It was mostly Pelullo with the connections, a disgruntled fired employee, and classic shakedown/extortion tactics.
If you read the appeal it's Pelullo this Pellulo that...
It also said Pelullo was an associate of the Luccheses.
Pellullo was the brains behind it all it seemed
I thought it would be a little more sophisticated, refined being a public company and all, guess not lol.

[HoagieNose]

Is Pelullo a made guy ?

[Tonyd621]

Is Pelullo a made guy ?

According to this he was not at the time of his arrest just an associate of the Luccheses and a "nephew" to Scarfo Sr. (Not by blood). He should he didn't flip and is doing a a few decades in prison. Not my associates hold up to that

[Tonyd621]

Both of there release dates is 2037 and both would be pushing close or little over 70 yrs. I think thought they would get less time for white collar crime-alot of people did.