Indictment and Prison
In 1991, Gambino, Gotti, Salvatore "Sammy the Bull" Gravano and other Gambino mobsters were indicted on charges of racketeering, loansharking, extortion, illegal gambling and 11 counts of murder. Soon after the indictment, Gravano decided to become a government witness and testified against his former colleagues, including Gambino.
On May 11, 1993, Gambino was convicted of two counts of racketeering and racketeering conspiracy. Prosecutors claimed that Gambino had been supervising illegal gambling and loansharking activities in Connecticut since 1985. In January 1996, Gambino started serving a five-year prison sentence.
In May 1999, the U.S. Securities and Exchange Commission (SEC) filed fraud charges against Gambino's stockbroker, Mohammed Ali Khan. While still in prison, Gambino had sued Khan for defrauding him out of approximately $2 million.
On May 10, 2000, Gambino was released from prison. He has moved to Florida and is now believed to be retired.
Read more about this topic: Thomas Gambino
Famous quotes containing the words indictment and/or prison:
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And it seemed that the Snark had begun,
And had spoken three hours, before any one guessed
What the pig was supposed to have done.”
—Lewis Carroll [Charles Lutwidge Dodgson] (1832–1898)
“each prison crypt,
of canyoned traffic . . . Confronting the Exchange,
Surviving in a world of stocks,—”
—Hart Crane (1899–1932)