Louis DeNaples

Louis DeNaples is a Scranton, Pennsylvania businessman, best known as former owner of the Mount Airy Casino Resort in Mount Pocono, Pennsylvania. In January, 2008, DeNaples was charged with four counts of perjury due to his suspected ties to the Bufalino crime family when applying for a Pennsylvania state gambling license.[1] The charges were later dropped in April 2009 after DeNaples agreed to turn over legal control of Mount Airy Casino resort to his family.[2] DeNaples is owner or invested in several businesses, including DeNaples Auto Parts, Inc., Keystone Landfill Inc. and is Chairman of the Board of First National Community Bankcorp, Inc.[3]

Other legal issues

In 1978, DeNaples pleaded no contest to a conspiracy charge of defrauding the government of $525,000 in contracts relating to the cleanup and recovery of the City of Scranton in the aftermath of Hurricane Agnes. Prosecutors claimed DeNaples plotted with three county employees to falsify records to obtain $525,000 in federal reimbursements.[4] He was subsequently fined $10,000 and was placed on probation for three years. Four people, including James Osticco, a Bufalino crime family underboss were convicted in 1982 of jury tampering in DeNaples fraud trial.[5]

In 2001, as part of a federal gambling investigation, four informants make mention of a relationship between DeNaples and current leader of the Bufalino crime family, William D'Elia. The informants alleged DeNaples made payments to D'Elia for undisclosed work and paid the crime boss protection money.[5]

In April 2012, The Board of Governors of the Federal Reserve System ordered DeNaples to resign as chairmen of the First National Community Bancorp and begin divesting his controlling interest in the bank due to his 2009 perjury charges that were later dropped. On May 10, 2012, a three-judge panel denied his appeal and ordered his immediate resignation.[6]

In 2013, a federal appeals court unanimously reversed the ban, allowing DeNaples back on the board of First National Community Bank, and blasted regulators for abusing the law. From the Allentown Morning Call: "The 22-page decision by a three-judge panel of the U.S. Court of Appeals for the District of Columbia lambasted the federal regulators for 'bizarre,' 'untenable' and 'scatter-shot' enforcement of the law and faulted regulators for inconsistently applying the unclear and not properly framed or communicated rules."[7]

References

  1. ↑ "in ''The Philadelphia Inquirer'', January 30, 2008, Web page accessed on January 28, 2009". Replay.waybackmachine.org. 2009-03-16. Archived from the original on March 16, 2009. Retrieved 2011-04-13.
  2. ↑ Meyer, Jon (2009-04-14). "on Wnep.com, April 14, 2009, Web page accessed on January 28, 2009". Wnep.com. Retrieved 2011-04-13.
  3. ↑ "Forbes Profile, Web site accessed January 29, 2009". People.forbes.com. 2008-05-20. Retrieved 2011-04-13.
  4. ↑ "in ''Pittsburgh Tribune-Review, January 21, 2008, Web page accessed on May 1, 2010". Pittsburghlive.com. Retrieved 2011-04-13.
  5. 1 2 http://www.orlandosentinel.com/all-mobties072707,0,6592141.story in Orlando Sentinel, July 27, 2007, Web page accessed on May 1, 2010.
  6. ↑ http://thetimes-tribune.com/news/court-denies-denaples-bid-to-stay-on-fncb-bank-board-1.1313265 in The Times-Tribune, May 10, 2012, Web page accessed on May 16, 2012.
  7. ↑ http://articles.mcall.com/2013-01-30/news/mc-denaples-banking-ban-vacated-court-blasts-regulators-20130130_1_regulators-first-national-community-bank-fncb/
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