A Look at Nicky Scarfo’s Net Worth
If you are looking to make money on the internet, you can try a few online sources. One of them is a 57-year-old former mobster named Nicodemo Salvatore “Nicky” Scarfo Jr. He is from the U.S. and has a net worth estimated at $5 billion. He is also a reputed member of the Lucchese crime family and a celebrity on social media.
Nicky Scarfo was born in Brooklyn, New York, in 1929. His father, Nicodemo Domenico “Little Nicky” Scarfo Sr., was a member of the American Mafia. He was convicted of racketeering and was sentenced to 30 years in prison.
In addition to being a member of the Lucchese crime family, Scarfo was also a member of the Bruno crime family. When he first moved to Atlantic City in the 1960s, it was considered a backwater. The city had a small gambling industry. After Scarfo arrived, he ran a loan-sharking business and a small-time bookmaking operation. His empire began to crumble in the late 1980s, when he began to face legal challenges.
During his career as a mobster, he was convicted of a variety of crimes, including a number of murders. He was also found guilty of illegal sports betting, extortion, and attempted murder. His crimes reportedly left nine dead and dozens of people injured. The criminal enterprise allegedly tried to kill four others, and was accused of selling drugs, too.
During his time as a gangster, Scarfo was accused of federal RICO charges. In his trial, he admitted to participating in a scheme to extort money from a bank. This involved using a “iron fist” control over the funds. According to Fishman, Scarfo used the proceeds to buy a $715,000 house and a $100,000 Audi automobile.
He served time for racketeering in 1993. He was later paroled in 2005. A year later, he was arrested again and charged with assault. After this incident, he refused to testify to the New Jersey State Commission of Investigation.
Aside from being a part of the Lucchese and the Bruno crime families, Scarfo also worked with the Genovese crime family. He was under the protection of his uncle, an influential mobster. He married twice and had three sons with his second wife. He was a fan of Humphrey Bogart.
In 1988, Scarfo was facing a series of legal challenges. He was accused of trying to shake down a million dollar waterfront developer. He was also accused of being involved in a loan-sharking operation and a criminal enterprise that sold drugs and engaged in extortion. His victims included Funzi and Danny DeVito. He was also found guilty of attempting to hang himself in his Scarf, Inc., offices.
In 2011, Merlino was released from prison. He was convicted of aggravated assault and possession of a weapon for unlawful purposes in 1984. Several other members of the Philadelphia-South Jersey Mafia were also convicted in that year’s racketeering case.
His criminal enterprise also operated in Los Angeles and Miami, where it allegedly held vaults in luxury mega mansions. His crimes accounted for more than half of his $5 billion net worth.