Jerry Capeci is a mob expert who formerly covered the Mafia for the New York Daily News. His website, Gang Land News,
is a paid subscription site. This article was re-printed with permission.
By Jerry Capeci
Gang Land News
The crooked accountant whose testimony helped seal the fate of New York’s infamous “Mafia Cops” is back to his old tricks, court records show.
Former CPA Stephen P. Corso cashed in on his testimony five years ago against ex-detectives Lou Eppolito and Steve Caracappa and avoided a long sentence for stealing $6 million from clients, the IRS and the state of Connecticut. Instead, he did eight months at a prison camp. Last month, four years after he was ordered to start paying $5.4 million in restitution, the feds called Corso on the carpet for not doing so, according to court papers filed in Connecticut Federal Court.
And Corso, who whined about his lenient sentence for seven months before beginning his prison term on September 15, 2009, is not happy about forking over any cash, according to court filings. Corso stole millions from clients right up until his friend and neighbor, TV sports icon Dan Patrick, discovered the accountant he trusted had stolen $803,000 from him and told the FBI. But since his prison term ended in 2010, Corso has reneged on an order to make monthly $4000 restitution payments. His default has angered all parties in the case, including his defense lawyers who have hadit with Corso.
Corso, 59, was ordered by Federal Judge Janet Hall to appear at a “debtor’shearing” next month. At that proceeding, he will be required to declare how much money he has, and how much he’s earning as a business consultant.
At the time of his sentencing, he was raking in more than $420,000 a year, according to court papers. Most importantly, he’ll have to say why he hasn’t been paying the $4000 a month Hall ordered him to pay when he concluded his prison term.
But before that, he’s going to have to hire an attorney to defend his interests at the hearing or go pro se because the two lawyers who represented him in late 2009 — Frank Razzano of Washington, D.C. and David Zabel of Bridgeport — have moved on. Both attorneys say in court papers that they have neither the expertise nor the desire to represent him at the debtor’s hearing.
At sentencing, Judge Hall ruled that $325,000 in an escrow account that Corso opened in 2002 be disbursed pro rata to his victims — clients whom he systematically ripped off while preparing their tax returns from 1997 to 2002. Corso placed the money in escrow when the FBI set him up in Las Vegas — where the CPA’s gambling losses had turned him into a thief —after he pleaded guilty and he began tape recording mob-tied gangsters he met in Vegas bars and on the Strip.
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