DeNaples had to transfer his interests in the casino to his daughter Lisa. This is the name that will be displayed next to your photo for comments, blog posts, and more. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. DeNaples had to relinquish his own ownership to resolve charges that hed concealed his ties to organized crime. 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. He's held seats on a number of boards, including Blue Cross of Northeastern Pennsylvania. Those requests have been rejected under the argument that his deal to hand off the casino barred him from profiting in any way from the resort. 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. Chance of rain 50%. Mount Airy opened in Mount Pocono in October 2007. But that did not disqualify him, thanks to a provision that had been written into Pennsylvanias gaming regulations letting applicants off the hook for criminal convictions that occurred more than 15 years in the past. The seven-member Pennsylvania Gaming Control Board voted unanimously to allow Lisa DeNaples to take over Mount Airy Casino Resort as manager of a trust that is expected to expand to include more of his children. The family of a Dalton man who died in September filed a lawsuit against Louis and Dominick DeNaples, alleging the Dunmore businessmen misappropriated funds from a corporation that oversaw several businesses they operated with him. 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. 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. Submitting this form below will send a message to your email with a link to change your password. Federal prosecutors said Conahan used the FNCB loan to buy a Florida condominium used to launder the kickbacks. We'll send breaking news and news alerts to you as they happen! 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. He went to the back and waited for the priests dismissal. I wouldn't describe him. Over the years, DeNaples has also repeatedly petitioned state gaming regulators to allow businesses he owns to provide services such as waste disposal or vehicle repairs to the Mount Airy resort. Save my name, email, and website in this browser for the next time I comment. On May 21, 2014, Mr. Denaples was chosen for the companys Board of Directors. 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 . Cookie Settings/Do Not Sell My Personal Information. Watch #OnTheStacks Podcast! Fire started by lightning leaves two displaced in Kingston Twp. Informants later alleged that DeNaples paid "protection money" to D'Elia. Your purchase was successful, and you are now logged in. DeNaples did have on his record a 1978 no-contest plea to charges that he and three others bilked the federal government out of recovery funds following Tropical Storm Agnes. Blake contends the brothers conduct strips away any protection the corporation afforded them, therefore they are responsible for its debts. Why do you think he could afford apartments on Dupont Circle and elsewhere? He is attempting to obtain additional corporate records to evaluate its financial condition, but the DeNaples brothers are fighting the request. Cash was received in the amount of $32,000, equity was acquired in the amount of $15,000, and pension and other types of reimbursement were not obtained in the amount of $0. The other subpoena was reportedly issued to William Conaboy, whocurrently works as a healthcare attorney in Scranton. As a young priest in 1989, sometime before he left for Washington, D.C., he got into a hit-and-run incident in Scranton. It wasnt until recently, in mid-August, that Bambera reluctantly authorized an investigation into Rossis long-rumored misconduct. The corporation does, Blake said. I wouldn't describe him as a risk-taker. Invalid password or account does not exist. Age : 81. Louis DeNaples made $47,000 in general reimbursement as Chairman of the Boards of FNCB and the Bank at FNCB Bancorp Inc in 2020. 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. 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. - For the first time in his life, Louis DeNaples took a pair of dice in his fist, stepped up to a craps table, and threw a sidearm roll down . The place gives off evil airs., I visited that casino to get a better sense of DeNaples, a visit that illuminated his strange concoction of Catholicism and seedy business. Submitting this form below will send a message to your email with a link to change your password. Is Mass Immigration Killing Two-Party Democracy in the U.S.? While he was not the target of the. [CDATA[*/Insticator.ad.loadAd("div-insticator-ad-1");Insticator.ad.loadAd("div-insticator-ad-2");Insticator.load("em",{id : "6cf39429-6912-4a91-b1e2-3e9365a5e9c6"});/*]]>*/. His son, Louis A. DeNaples Jr., is also on the board as the banks vice chairman with a 1.3% stake, and is the beneficiary of one of the seven trusts that share ownership of the Mount Airy casino. Jul 13, 2010 Updated Apr 17, 2020. DeNaples, 69, of Dunmore, agreed in April to divest his ownership as part of a deal with Dauphin County District Attorney Ed Marsico to drop the charges. 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. Still, the board approved a series of conditions for the expanded family trust designed to keep DeNaples removed from casino business. [4], In 2001, as part of a federal gambling investigation, four informants made mention of a relationship between DeNaples and current leader of the Bufalino crime family William D'Elia. It really is a disgrace that Sica is still at a parish in Scranton, says one priest. DeNaples is also a philanthropist, donating large sums to Scranton Preparatory School where he sent his seven children the University of Scranton, the Roman Catholic Diocese of Scranton, the United Way and many other charitable and nonprofit institutions. But it may still trigger the federal restrictions on insider lending that cover all activity by regulated banks, known as Regulation O, said Braden Perry, a lawyer who specializes in banking compliance. I asked again and he walked away. Family of former DeNaples business partner files lawsuit seeking repayment of loan. They turned a tired Poconos motel into a travel hot spot. Contact the writer: tbesecker@timesshamrock.com; 570-348-9137; @tmbeseckerTT on Twitter. Mr DeNaples is a previous seat of the University of Scranton Board of Trustees. If you forget it, you'll be able to recover it using your email address. Small banks such as Dunmore-based FNCB dont typically make such large loans and arent equipped to evaluate repayment risks and other potential perils that come with issuing the large amounts of debt permitted by the federal program, analysts said. Get the latest headlines on local sports! Fire started by lightning leaves two displaced in Kingston Twp. Linda Morgan/Times-Shamrock The Associated Press Another board part is DeNaples nephew, Joseph L. DeNaples, and his sibling Dominic L. DeNaples is a previous president who suggests the organization as a chief emeritus. To say that Walter Rossi's father has been central to the DeNaples empire is an understatement. Louis DeNaples was born in Scranton, Pennsylvania, to Nicola and Agnes DeNaples. But his daughter Lisa gave some insight into the family patriarch. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Caretaker seeks sale or auction of 'castle house' in Scranton. 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. Receive our newspaper electronically with the e-Edition email. Chance of rain 50%. Have the latest local news delivered every afternoon so you don't miss out on updates. DeNaples is also famous for his unsuccessful attempt to own a casino in the Poconos. This page is not available in other languages. 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. Louis grandpa was the owner of DeNaples Tavern. 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. 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.". 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). If you don't follow the rules, your comment may be deleted. He sees how difficult it is in the professional world. Following a exhaustive assessment of his background in December 2006, the Pennsylvania Gaming Control Board unanimously supported DeNaples and granted him a license. PARADISE TWP. Gambling regulators did not even take note of it when they filed their official "adjudication" explaining their reasons for giving DeNaples a license. Some of this stuff is so crazy you couldnt even make it up. That the diocese of Scranton holds fundraisers at the casino owned by his daughter is disgraceful. But everyone knows he is dirty. Another rare critic of DeNaples is Matt Birkbeck, author of The Quiet Don, a book about Russell Bufalino. Green Ridge Club back on market at reduced price, Lackawanna County eyes drive-thru for paying taxes, Newlyweds who fell in love at YMCA start scholarship for children. He still works the counter at the auto parts store in Dunmore. At Communion, I finally saw him. Additionally, his son owns stock in Bancorp. They dominated and controlled the company and are therefore liable as individuals as much as the corporation is.. 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. Louis DeNaples net worth 2023, age, height, wife, girlfriend, kids, biography, wiki, Yes (Lisa DeNaples and Louis DeNaples Jr.). For example, the trusts can't make investments or loans to any business that DeNaples owns, has an interest in or controls. We won't share it with anyone else. Choose wisely! He is the great white whale, says Scranton Times-Tribune columnist Chris Kelly, who is one of the few Pennsylvania journalists to take on DeNaples. 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. Increasing clouds with periods of showers this afternoon. Public asset : 12,795,957 USD. However, DeNaples’ involvement with the gaming board is not over. DeNaples was not charged, nor were his properties targeted for searches. His net worth is projected to be about $3 million as of 2022. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. Truth is truly stranger than fiction.. 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. His daughter, Lisa DeNaples, left, watches. From very early on in the process, it faced allegations of corruption, incompetence and back-room dealmaking. "This particular license has been fraught with problems from the very beginning," said Rep. Doug Reichley, R-Lehigh, a slots critic. He was on the right side of the church. Louis grandfather owned a bar called DeNaples Tavern. I talked to Bishop Bamberas spokesman, Eric Deabill, about DeNaples, and all I could get out of him was an agreement that DeNaples is a prominent Catholic in the diocese. 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. Examiners from Dauphin County eventually filed four counts of deceit against the unassuming businessman, but they were later dismissed in exchange for DeNaples turning over management of the gambling club to family members. Create a password that only you will remember. Winds SSW at 5 to 10 mph. Confronted with recharged questions about the wellness of Mount Airy Lodge proprietor Louis DeNaples, a Mount Airy authority on Tuesday proposed setting up a free review board of trustees to direct betting at the hotel if it somehow managed to acquire a club permit. He also said his bank was fully capable of evaluating any risks associated with the large loan. Previously, Mr. DeNaples was a member of the University of Scrantons board of trustees. As of 2022, Louis DeNaples will be 79 years old. The board's action ends a chapter that goes back to 2009, when perjury charges against DeNaples were dismissed in Dauphin County Court and the casino emerged from a period of trusteeship. Chance of rain 40%.. These funds will be used to secure the jobs of nearly 1,000 Pennsylvanians employed by Mount Airy, it said. Birkbeck told me that he was so fascinated by the mafia ties of DeNaples that he ended up devoting half the book to him. I told Birkbeck about the investigation into Monsignor Rossi. Because they never had it. (See the video below.) FNCB president Jerry A. Champi said that the bank handles all insider transactions properly, but declined to discuss specific steps taken to ensure the Mount Airy loans compliance. https://spectator.org/wp-content/uploads/2019/09/George-Louis-Tape-20190926_161018_159842791420939.mp4, The Marriage of the Media and the Security State, Tucker Carlson, C.S. 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. Wilkes-Barre, PA News, Obituaries, classifieds, and Sports, State allows Louis DeNaples to hand Mount Airy to daughter, Airport dweller lands in new life, thanks to timely aid. [1] The charges were dropped in April 2009 after DeNaples agreed to turn over legal control of Mount Airy Casino resort to his family. (My attempt to reach him was unsuccessful.) Despite his indictment for perjury Sica committed it by denying ties to the Bufalino crime family in the same gaming license investigation that ensnared DeNaples Sica continues to serves as an active priest in the Scranton diocese. Career DeNaples started his business career at the age of 23, working at The Export-Import Bank of Washington D.C., where he was an assistant to the director for five years. Two years later, DeNaples took a different job as the chief financial officer for Irving National Bank and Trust Co. in New York City. $32,000 changed into obtained as Total Cash, $15,000 changed into obtained as Equity and $zero changed into obtained as Pension and different types of reimbursement. Lisa DeNaples, Louis' daughter, ultimately became the managing trustee and owner of the Mount Airy Casino Resort, which officially opened in October 2007. His mother, Agnes, had emigrated from Naples, and his father came to the United States as a young man. Error! 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. This money was meant to help Main Street businesses, not casinos owned by families with alleged mafia connections, said Kyle Herrig, president of left-of-center watchdog group Accountable.US. He was denied the gaming license for the Mount Airy Casino Resort, owing to his ties to Russell Bufalino, the head of a northeastern Pennsylvania crime family. He gives money to Democrats and Republicans; he has had everyone from Ed Rendell to Arlen Specter in his pocket. This was a short biography of an American businessman, banker and casino owner Louis DeNaples. His height is 1.7 m tall, and weight is 77 kg. Sal Cognetti Jr., the former assistant U.S. attorney who prosecuted DeNaples, recently acted as a character witness on his slots application. DeNaples also joined a ceremony at the casino last year to mark the completion of a $40 million expansion project there. He owns the states largest landfill business, has made a fortune in used parts, owns at least one bank (probably more), invests heavily in real estate (both in and out of the state; he is said to own a great deal of property in Florida), and has run countless side businesses (in busing, trash collection, and so on), some of them headquartered over the years at Robert Rossis accounting firm, say multiple sources.
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