I wouldn't describe him as a risk-taker. /*A story of Pa. casinos, corruption and the greatest mobster you've He stands 1.7 meters tall and weighs 77 kilograms. They dominated and controlled the company and are therefore liable as individuals as much as the corporation is.. (Bufalino, incidentally, is one of the subjects of the upcoming movie The Irishman; Joe Pesci plays him.) Osticco was convicted and sentenced to eight years in prison. While under law enforcement surveillance, D'Elia was twice spotted visiting DeNaples Auto Parts in Dunmore, according to the affidavit, which was filed in support of a search warrant for D'Elia's car and home. 'House that Louis built' welcomes table games Lisa DeNaples said her father's vision to create a business his family could own and operate together is now being realized. [3] His trial ended in a hung jury with one holdout forcing an acquittal. Scrantonians speak of DeNaples in hushed tones and treat him as a taboo subject. Louis DeNaples shuns interviews. The recipient: the Mount Airy Casino Resort, owned by trusts for DeNaples children and grandchildren. The rules set limits on how much a bank can lend to insiders including non-executive directors, or to their other businesses. By early 2008, however, he had been indicted on perjury charges, in part for allegedly lying about his relationships to mobsters including William DElia, a former leader of the crime family of Northeastern Pennsylvania kingpin Russell Bufalino (played by Joe Pesci in the 2019 film The Irishman.). Mr DeNaples is an individual from the Public Advisory Board of the Geisinger Federal School of Medicine. The rules also require banks to document that loans to insiders dont include preferential terms, or are especially risky. The board’s chief enforcement counsel, Cyrus Pitre, would not comment on whether DeNaples’ background investigation will include a review of material developed by the district attorney’s office or interviews with people who appeared before the grand jury that recommended the perjury charges against DeNaples. A daughter's insight into her father Staff Writer Pocono Record Louis DeNaples shuns interviews. Is Mass Immigration Killing Two-Party Democracy in the U.S.? Banks tend to make loans of no more than around 1.5% of their asset value, so only a little of their capital is tied up in any one venture, Marinac said. Chance of rain 40%.. Mixing bank business with directors other ventures led to trouble for the bank seven years ago, when it paid $5 million to shareholders and their lawyers to settle a lawsuit alleging that it tanked the companys stock price by lending millions of dollars to insiders who then defaulted on the loans. Louis DeNaples - Net Worth 2022, Age, Height, Bio, Family, Career, Wiki Now they're going glamping. DeNaples remains the financial guarantor of about $250 million in loans to Mount Airy, which means he will need to maintain a license from the gaming board and be subject to its background investigations. Mount Airy Casino Resort (YouTube screenshot), Hunter Biden Cashed In to Fuel His Drug and Sex Habits, Targeting People With Mental Illness and Dementia for Euthanasia. DeNaples, 79, is chairman of FNCB and its biggest shareholder, with a 9.2% stake in the bank as of April 3, according to regulatory filings. Your e-mail address will be used to confirm your account. This is the name that will be displayed next to your photo for comments, blog posts, and more. Error! He is the founder and CEO of DeNaples Auto Parts and is involved in several other businesses, including the waste management and real estate industries. While he was not the target of the investigation in question, the Philadelphia Inquirer reported that he was the subject one of the subpoenas Kane revoked. He likes the people, helping the local economy, helping people get jobs. DeNapleswas awarded a license by the board in 2006, a move that was immediately questioned due to a no contest plea he entered in a felony conspiracy charge related to the cleanup from Hurricane Agnes. Get the latest headlines on local sports! The roots of the latest controversysurrounding Attorney General Kathleen Kane's decisions since takingoffice resurrects a long-simmeringimbroglio fromthe start of the state's casino industry. Small Business Administration regulations that have long governed loans made by banks using federal funds include a provision prohibiting banks from lending to other businesses owned by their directors, including ones such as DeNaples Jr. who are not also executives. As a result, DeNaples is no longer a guarantor of Mount Airy's loans. Unlike the PPP programs forgivable loans, funds from the Main Street program must be repaid. There was an error processing your request. Rossi, as I have previously reported, was on the short list to become bishop of Scranton in 2009, a plan hatched by the gay mafia that was scuttled after reports of his misconduct emerged during the vetting process. Each day's obituaries, delivered to your inbox. Linked companies : FNCB Bancorp, Inc. Summary. It didnt hurt, says one observer, that his father was an intimate of this mobster who just happens to be the biggest donor to the diocese of Scranton. DeNaples, I am told, has given millions of dollars to the Church over the years, financing everything from the altar at the cathedral to the Jesuit University of Scranton (where a building has been dedicated to his parents) to Jesuit Scranton Prep (where he sent his seven kids). But Pleasant Valley turned over records for Idaho case, 3 killed, 1 wounded in Philadelphia shooting; 2 teens in custody, Hersheys chocolate comes full circle on Pennsylvania dairy farm. Louis DeNaples - Wikipedia A month or so ago, I had asked a source with access to the files at the National Shrine to see how much money DeNaples has donated to it. Low near 40F. He had given lavishly to politicians of all stripes. DeNaples, everyone agrees, is an immensely powerful and reclusive figure in Scranton and Pennsylvania. (You can unsubscribe anytime), Monsignor Walter Rossis Connection to Louis DeNaples, the Scrantonian Billionaire Indicted for Mob Ties. He also said his bank was fully capable of evaluating any risks associated with the large loan. Prosecutors said DeNaples also lied to the gaming board when he denied any connection to the late Russell Bufalino, a notorious mob boss from Scranton who died in 1994 at age 91. Find out this afternoon's latest news from The Times-Trbune. It was just last year that DeNaples supposed foundation presence in Mount Airys bombed endeavor to add a smaller than normal club in Western Pennsylvania carried him into the spotlight. PA AG Kathleen Kane quashed subpoena to Louis DeNaples in casino While he was not the target of the. But everyone knows he is dirty. Another rare critic of DeNaples is Matt Birkbeck, author of The Quiet Don, a book about Russell Bufalino. Your purchase was successful, and you are now logged in. Louis DeNaples is an American businessman, banker, and casino owner from Scranton, Pennsylvania. Its report also found that Shiffer called Lisa DeNaples via his various phones 91 times after the license had been granted, nearly half of them coinciding with meetings and executive sessions of the casino board. The businessman, standing between his daughter Lisa and State Sen. Mario Scavello, a Republican whose district includes the casino, cut the ribbon at the event, seen in an online video by the Pocono Record newspaper. Louis DeNaples age, height, net worth 2023, wife, girlfriend, kids The Main Street Lending Program was devised as part of financial rescue legislation in the spring to help businesses that are too big to qualify for the better known Paycheck Protection Program, but too small to benefit from the Feds big purchases of corporate debt. To say that Walter Rossis father has been central to the DeNaples empire is an understatement. He was convicted, but the conviction, I am told, was held up by judges in the pocket of DeNaples who got prosecutors to cut a deal with DeNaples to bow out of the Mount Airy casino in exchange for an overturned conviction; in 2012, officials at the Federal Reserve demanded DeNaples resign as chairman of his bank in light of his previous mob-related perjury charges an order that was later blocked by three judges on the U.S. Court of Appeals. So I don't sleep waiting for that phone call. My father, when we were kids, the most important thing to them was that we went to school. Mr DeNaples is a previous seat of the University of Scranton Board of Trustees. An FBI investigation later revealed that James Osticco, alleged underboss of the Bufalino crime family of northeastern Pennsylvania, bribed the holdout juror's husband with $1,000, a set of tires and a pocket watch to influence his wife's vote. More Local Journalism to Love Start today for 50% off Expires 4/30/23, Wallace McKelvey | WMckelvey@pennlive.com, told a grand jury investigating the board in 2011, due to "poor questioning" by the board and DeNaples' agreement to stay out of the casino business, ultimately became the managing trustee and owner, Conaboy resigned amid increasing pressure before the vote. HARRISBURG - A restructuring plan for Mount Airy Casino Resort that allows founder Louis A. DeNaples to shed his status as a state casino licensee and complete plans to transfer control of the casino to his children was approved Wednesday. Winds SW at 10 to 20 mph. Being born on 4 March 1943, Louis DeNaples is 80 years old as of todays date 1st May 2023. Notwithstanding his certainty and obligation to avoid everyday tasks, DeNaples attempted to work with Mount Airy more than once, as indicated by the Pocono Record paper. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. He has had judges in his pocket for years, too, who have made sure to keep him out of trouble.. (One small example of that relationship is that Rossi had me originally barred from the Shrine for nothing more than writing critical articles about Wuerl.) That the diocese of Scranton holds fundraisers at the casino owned by his daughter is disgraceful. As the son of DeNapless accountant, Rossi would be protected, he said. Less than a 10th of a percent of the cash available through the fund has been lent, while businesses throughout the country could not qualify under the programs relative narrow guidelines or are too beaten down to consider taking on more debt. DeNaples, 67, had just about everything going for him: He was powerful, wealthy and well-known in northeastern Pennsylvania. Gambling regulators did not even take note of it when they filed their official "adjudication" explaining their reasons for giving DeNaples a license. The Kathleen Kane saga continues: Who are the key players in the Truth is truly stranger than fiction.. Some of the information connecting DeNaples to the Mafia is contained in old reports by the Pennsylvania Crime Commission. The corrupt National Shrine rector isnt protected by just the gay mafia. Bufalino Crime Family Chart (WIP) - GangsterBB.NET Louis describes it as the old school type of place where they would have guys playing cards and drinking wine all day.. He also didn't care who you brought, as long as you were there at 5:30 it's catch-up time. According to the 2011 grand jury report, which did not recommend any charges, Shiffer garnered a reputation for paying "particular attention" to the board's review of the DeNaples project and asked to be assigned to the inquiry. He gives money to Democrats and Republicans; he has had everyone from Ed Rendell to Arlen Specter in his pocket. Louis A. DeNaples is a businessperson who has been at the head of 8 different companies and presently occupies the position of Chairman for FNCB Bancorp, Inc., Chairman for FNCB Bank (Dunmore, Pennsylvania) (a subsidiary of FNCB Bancorp . The loan may not have been possible but for a decision by the Federal Reserve and the Treasury Department to exempt the Main Street program from longstanding rules barring banks from making taxpayer-backed loans to businesses owned by their directors. He sees how difficult it is in the professional world. My father isn't a buy and sell guy. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. As I have reported previously, Rossi got drunk, hit a bunch of parked cars, kept going, fled into his rectory, and pretended to be asleep until the police arrived. Louis DeNaples has two children, a daughter and a son, namely Lisa DeNaples and Louis DeNaples Jr. His son is also now part of Bancorp and its shares. PARADISE TWP. A spokesperson for Scavello did not return a phone message. It was DeNaples' role as loan guarantor that resulted in his remaining as a principal casino licensee during the past several years. An email has been sent to with a link to confirm list signup. Lisa DeNaples, Louis' daughter, ultimately became the managing trustee and ownerof the Mount Airy Casino Resort, which officially opened in October 2007. The cows love it, Beaver Stadiums $700 million makeover to face its first critic: Penn States board, Do Not Sell/Share My Personal Information. Receive our newspaper electronically with the e-Edition email. He is without a doubt a member of the gay mafia, said Vigan. Bank With Louis DeNaples Ties Gifts Mount Airy Casino $50M Relief Loan Have the latest local news delivered every afternoon so you don't miss out on updates. What immediately jumped out at me was that right next to the casino is a Catholic retreat house, the Villa of Our Lady. The businessman, standing between his daughter Lisa and State Sen. Mario Scavello, a Republican whose district includes the casino, cut the ribbon at the event, seen in an online video by the Pocono Record newspaper. High 53F. What I didnt know but learned during my time in Scranton was that his drunken wreck should have landed him in jail, at least for a few nights. According to the Pocono Record newspaper, DeNaples repeatedly tried to work with Mount Airy despite his certainty and need to avoid menial activities. It appears in county property records as a mortgage on the Poconos property, against which an affiliate of Fortress Investment Group, the New York private equity firm owned by Japans SoftBank Group, already had a $170 million loan. DeNaples' rags-to-riches story marred by 1978 guilty plea, rumors of Mr. Denaples has broad corporate experience, and long periods of general help and charity have set him in places of overseer of the Company and the Bank. FNCB Banks loan to the casino could throw an unflattering light on the federal governments strategy of deputizing banks to write loans under its $600 billion Main Street Lending Program, which was authorized this spring over fears that lenders might cease supporting even thriving businesses. "You judge a man by his whole life, not something that happened 30 years ago and I think when you judge Mr. DeNaples by his whole life, he is an honorable person," Cognetti told the gaming board in October. The suit says the DeNaples brothers action relating to the taxes resulted in them receiving $10.8 million in loan payments from shareholders from 2005-2012, compared to $3.6 million he received. The ostensible invincibility of Rossi, multiple sources told me, derived not only from the protection he received from the McCarricks and Bransfields but also from a suspected mobster named Louis DeNaples, for whom Rossis father, Robert, worked as bookkeeper and accountant. In this file photo, Louis DeNaples, left, and his daughter, Dr. Lisa DeNaples, mingle with the crowd at Mount Airy Casino Resort in Paradise Township. It also seeks to compel the brothers to buy out Doughertys share of the corporation. An email has been sent to with a link to confirm list signup. According to the suit, Dougherty and the DeNaples brothers formed DeNaples Equipment in 1991. Newlyweds who fell in love at YMCA start scholarship for children. Ive mentioned this connection previously, but I felt that the subject deserved greater treatment. His daughter, Lisa DeNaples, left, watches. Banks write loans under the program, but are then able to hand 95% of that debt off to the Fed, so they have fewer of their own assets at risk. Why do you think Monsignor Rossi has had beach condos in Florida and Atlantic City? Louis A. DeNaples, who opened Mount Airy Casino Resort in October, was charged with four counts of perjury by the state police after a seven-month investigation by a Dauphin County grand jury. I have been told that DeNaples cut a deal with the nuns to stay if they gave up part of their property to the casino. The Board of Gambling expressed that his DeNaples origin story uncovered nothing to demonstrate that he was an inadmissible person to claim a club. Submitting this form below will send a message to your email with a link to change your password. The gay molester Theodore McCarrick, the now laicized former cardinal, elevated Rossi to the Shrines top job after Bransfield left for his lucrative and licentious racket in West Virginia. This is the name that will be displayed next to your photo for comments, blog posts, and more. Most recently, it is FNC Bank, a Scranton, PA, piggybank with DeNaples and three family members on the board, attracting attention for a whopping $50 million loan from a taxpayer-backed program to help . Several witnesses told the grand jury that "everybody knew he was there for Louie DeNaples.". Invalid password or account does not exist. That allowed the corporation to reduce the amount of state capital stock tax owed. There are rules in place against making loans that favor businesses owned by bank officers or owners of a significant interest in the bank, it said. Nothing in his DeNaples origin tale, according to the Board of Gambling, proved he was a inadmissible individual who shouldnt be able to claim a membership. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Later it came out that DeNaples had given Sica over $200,000 in loans. This agreement was the key to the board's approval of the restructuring. Even to this day my father says you can't replace education. But in the course of researching Rossis connection to sinister gay mafia figures, I kept hearing stories about his ties to another mafia the Italian one. According to a 2001 federal affidavit, one informant claimed that DeNaples and D'Elia met weekly for many years and that "DeNaples has become a rich man through D'Elia's contacts in New York and New Jersey.". In December 2006, the Pennsylvania Gaming Control Board collectively supported DeNaples, giving him a permit after what he called an exhaustive examination of his past. Another potential issue for regulators may be the relationship between the banks board and the casinos ownership, especially Louis DeNaples Jr.s overlapping ownership interests. Some critics of the Trump administrations response to the coronavirus, meanwhile, cast the loan as another case of rescue money being channeled away from those who need it most. The board previously voted to allow daughter Lisa DeNaples to take over the resort as manager of a trust that would eventually expand to include the rest of the family. Success! The Federal Reserve, which runs the program with cash from the Treasury Department, said in a statement that it is unable to comment on specific transactions. I think he likes the challenge of (the casino business). [4], In April 2012, the Board of Governors of the Federal Reserve System ordered DeNaples to resign as chairman of First National Community Bancorp and begin divesting himself of his controlling interest in the bank owing to his 2009 perjury charges, which were later dropped. From the Allentown Morning Call: "The 22-page decision by a three-judge panel of the U.S. Court of Appeals for the District of Columbia lambasted the federal regulators for 'bizarre,' 'untenable' and 'scatter-shot' enforcement of the law and faulted regulators for inconsistently applying the unclear and not properly framed or communicated rules. DeNaples also joined a ceremony at the casino last year to mark the completion of a $40 million expansion project there. He also held leadership positions in two companies with DeNaples. When Louis DeNaples, a Scranton financial expert, bought $25 million for the run-down Mount Airy Lodge resort in Mount Pocono and declared his plan to enter Pennsylvanias early gambling machine club industry, few insiders bet against him. The auto parts business is beginning to dry up because of the way the cars are made now. The suit, filed by Scranton attorney Geff Blake, also alleges Louis DeNaples owes loans totaling $6.4 million to the corporation as of Dec. 31, 2020, plus an additional $2.1 million in interest on the loans. No people haveRead More, Example: Yes, I would like to receive emails from The American Spectator | USA News and Politics. (See the video below.) Rossi is the well-known son of one of his most important associates. This was a succinct biography of American entrepreneur, financier, and casino owner Louis DeNaples. From humble beginnings (his family couldn't afford to send him to college), DeNaples built an empire that includes two landfills, an auto parts store, and interests in banking, real estate, garbage disposal, heavy equipment and scores of other businesses. The other subpoena was reportedly issued to William Conaboy, whocurrently works as a healthcare attorney in Scranton. The disgraced Cardinal Donald Wuerl, who falsely denied any knowledge of McCarricks predations, then kept Rossi as the head of the National Shrine. Community Rules apply to all content you upload or otherwise submit to this site. DeNaples also joined a ceremony at the casino last year to mark the completion of a $40 million expansion project there. As of 2022, Louis DeNaples will be 79 years old. This particular case could draw special scrutiny because of the family ties between FNCB and the Mount Airy casino, where revenue from gambling had flattened even before the coronavirus stopped its roulette wheels and slots and now threatens to upend the entire gaming industry.

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