I-Team: Accused Mobster Pleads Guilty to Tax Evasion

LAS VEGAS -- An accused mobster pleaded guilty to tax evasion in a Las Vegas court Wednesday.

Vincent Faraci has been the target of organized crime investigations for several years.

The U.S. Attorney's Office believed Faraci to be one of the last known mobsters to work Las Vegas. The Organized Crime Task Force finally got him for tax evasion, sending Faraci to federal prison.

Faraci walked out of federal court Wednesday morning -- his last days of freedom before a stay in federal prison.

Multiple New York newspapers reported the Faraci family was part of the Bonanno crime organization, though Faraci denies any mob connections.

Link: New York Post's article

Link: New York Times article

The task force led the charge to get Faraci behind bars.

Faraci plead guilty to tax evasion. He lied about $134,000 he made in 2006.

Faraci attorney David Chesnoff said that considering how serious the U.S. attorney's allegations were, his client is willing to do the time.

"Today was a very, very satisfactory resolution of an old tax dispute," Chesnoff said. "We're very pleased with the negotiations and we're looking forward to everything going smoothly in sentencing and Mr. Faraci putting this behind him."

The I-Team has followed Faraci since 2006 when he made a plea deal over his management of the former Crazy Horse Too strip club. Faraci served five months in jail on federal racketeering charges.

This time, the U.S. Attorney's Office hopes Faraci is sentenced to nearly two years in federal prison.

All told, federal agents were after Faraci for about 15 years with raids and multiple federal court cases.

Faraci's sentencing is scheduled for October.


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