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Word: mastronardo (lookup in dictionary) (lookup stats)
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...count indictment alleges that between September 1982 and July 1985 Cantley and five of his accomplices, including Joseph Vito Mastronardo Jr., the son-in-law of former Philadelphia Mayor Frank Rizzo, operated a $1 million-a-week, five-state gambling ring. They hid their profits, the indictment states, by changing cash into bank checks and money orders, which then made their way into numerous Shearson accounts. The funds were mostly used to buy municipal bonds. Thus the defendants allegedly managed to launder their gambling proceeds by putting them into legitimate investments...

Author: /time Magazine | Title: Washday Blues: Scandal Strikes Shearson | 7/7/1986 | See Source »

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