October 21, 2014

NJ AG Charges Newark, NJ Restaurant Used For Money Laundering



The PortuCale Restaurant & Bar in Newark, New Jersey 

[From article]
A popular Portuguese restaurant secretly served as the base of a $400 million money-laundering operation tied to the Genovese organized crime family, New Jersey officials charged Tuesday.
The PortuCale Restaurant & Bar in Newark’s Ironbound section allegedly let customers cash hefty checks without requiring identification or filing currency transaction reports mandated by the feds, allowing the customers to hide income or get money for “under-the-table” payrolls.
Owner Abel Rodriguez — whose eatery boasts four stars on the web rating site Yelp — charged fees of up to 3 percent for the illegal service, which generated more than $9 million in profits over four years, according to acting New Jersey Attorney General John Hoffman.

http://nypost.com/2014/10/21/popular-restaurant-was-mafia-base-for-400m-money-laundering-operation/

Popular restaurant was mob base for $400M money-laundering operation
By Bruce Golding
New York Post
October 21, 2014 | 2:14pm

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