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Emerald Casino Figure Faces Federal Charges20 September 2002ILLINOIS – As reported by the Illinois Daily Herald: "Federal prosecutors added new charges and a new co-defendant to a fraud case against one of the Emerald Casino shareholders accused by state gaming regulators of having ties to organized crime. "The presence of a financial trust linked to Nick S. Boscarino, 50, on a list of proposed Emerald shareholders was cited by the regulators as proof that Emerald's plan to open in Rosemont was marred by the `insidious' taint of organized crime. "Thursday's charges in a pending federal fraud case against Boscarino and another man does not involve Emerald, but the case does have links to Rosemont. "Prosecutors accuse Boscarino and Ralph Aulenta, 61, of rigging a scheme to divert village of Rosemont insurance premiums for their personal use. The scam defrauded an insurance company where Aulenta worked out of $289,000, which the two turned into $460,000 through investments, prosecutors said. "On Thursday, a grand jury returned new charges against Boscarino, of Overbrook Road in Barrington, and Aulenta, of Turkey Trail Drive in Inverness. Both now are accused of failing to pay a combined $500,000 in taxes due on income that prosecutors say they made in the scheme. "…Boscarino is a former pal and business associate of Rosemont Mayor Donald E. Stephens. Boscarino has denied any ties to organized crime, and Stephens has defended him. "But when Stephens got wind of the fraud case being built against Boscarino last December, he distanced himself. The mayor said the FBI had shown him enough evidence to convince him that Boscarino was stealing Rosemont's insurance money |