In brief
- Carmine G. Agnello has been sentenced to 15 months in federal prison and ordered to repay $1.27M after defrauding the SBA's COVID-19 EIDL program.
- Agnello, the grandson of Gambino boss John Gotti, submitted false loan applications for Crown Auto Parts & Recycling, overstating employee numbers and misrepresenting the use of funds.
- He diverted roughly $420,000 of the $1.1M haul into a crypto business rather than the legitimate business purposes he had c