In December 2006, the Pennsylvania Gaming Control Board collectively supported DeNaples, giving him a permit after what he called an exhaustive examination of his past. DeNaples had to relinquish his own ownership to resolve charges that hed concealed his ties to organized crime. It is pretty embarrassing that one of the biggest benefactors to the Scranton diocese has mob ties, says one source. Louis DeNaples was born in Scranton, Pennsylvania, to Nicola and Agnes DeNaples. Gambling regulators did not even take note of it when they filed their official "adjudication" explaining their reasons for giving DeNaples a license. "You judge a man by his whole life, not something that happened 30 years ago and I think when you judge Mr. DeNaples by his whole life, he is an honorable person," Cognetti told the gaming board in October. Banks write loans under the program, but are then able to hand 95% of that debt off to the Fed, so they have fewer of their own assets at risk. Green Ridge Club back on market at reduced price, Lackawanna County eyes drive-thru for paying taxes, Newlyweds who fell in love at YMCA start scholarship for children. It wasnt until recently, in mid-August, that Bambera reluctantly authorized an investigation into Rossis long-rumored misconduct. In his own version of a classic Horatio Alger story, DeNaples who grew up poor, one of nine children tells the tale of buying a junked car for $18 when he was a teen, literally shouldering it. The gaming board has said that its background investigation of DeNaples turned up nothing to indicate he was of "unsuitable character" to own a casino. D'Elia told the grand jury DeNaples attended the funeral of D'Elia's mother in 1980. Ive mentioned this connection previously, but I felt that the subject deserved greater treatment. As one casino executive told a grand jury investigating the board in 2011: "Are these people representing the public interest, or are they representing the people that appointed them?". He was granted his casino license in late 2006 and opened his $412 million resort about a year later. So it was hardly unexpected when the Pennsylvania Gaming Control Board gave its unanimous approval to DeNaples in December 2006, awarding him a license after what it called an "extensive investigation" into his background. Additionally, his son owns stock in Bancorp. He was the owner of Keystone Landfill Inc., DeNaples Auto Parts Inc. and chairman of the board of the First National Community Bancorp. There are rules in place against making loans that favor businesses owned by bank officers or owners of a significant interest in the bank, it said. Even to this day my father says you can't replace education. Dunmore businessman Louis A. DeNaples attended the funeral of William D'Elia's mother and the wedding of his daughter despite Mr. DeNaples' denials he had a "social relationship" with the convicted If you purchase a product or register for an account through one of the links on our site, we may receive compensation. But Pleasant Valley turned over records for Idaho case, 3 killed, 1 wounded in Philadelphia shooting; 2 teens in custody, Hersheys chocolate comes full circle on Pennsylvania dairy farm. Your e-mail address will be used to confirm your account. My dad starts his day at 4:30 and he has no problem waking me up and asking me something then. The Mount Airy Lodge had become a so-called "honeymoon" resort in the 1950s, attracting a wide array of big-name performers like Tony Bennett and Bob Hope. Not all of us have worked for community banks our whole careers, so we have a lot of exposure to the credit-underwriting process, he said. It was DeNaples' role as loan guarantor that resulted in his remaining as a principal casino licensee during the past several years. To say that Walter Rossi's father has been central to the DeNaples empire is an understatement. Your account has been registered, and you are now logged in. HARRISBURG — State gambling regulators Wednesday agreed to allow to hand off his Pocono Mountains casino to his daughter as part of a deal with prosecutors who agreed to drop criminal charges. Those charges were dropped by Dauphin County District Attorney Ed Marsico in 2009 due to "poor questioning" by the board and DeNaples' agreement to stay out of the casino business. His net worth is around $3 million as of May 2023. He aimed to redevelop the Poconos storied Mount Airy Lodge into a gaming resort. Banker and businessman Louis A. DeNaples seems unable to stay away and beneath the radar when it comes to his ongoing involvement in Mount Airy Casino in Pennsylvania's Pocono Mountains.. Mr DeNaples is a previous seat of the University of Scranton Board of Trustees. It really is a disgrace that Sica is still at a parish in Scranton, says one priest. That violates corporate law restricting profits from being unequally distributed to shareholders. But that did not disqualify him, thanks to a provision that had been written into Pennsylvanias gaming regulations letting applicants off the hook for criminal convictions that occurred more than 15 years in the past. There was an error processing your request. DeNaples, 67, had just about everything going for him: He was powerful, wealthy and well-known in northeastern Pennsylvania. The board previously voted to allow daughter Lisa DeNaples to take over the resort as manager of a trust that would eventually expand to include the rest of the family. Mr. and Mrs. Joseph L. Denaples 2019-02-10 - St. Eulalia Parish, Roaring Brook Twp., was the setting Oct. 20 for the wedding of Lauren Ann Wilk and Joseph Louis Denaples, both of Dunmore. The Mount Airy loan is one of only two in the country that are for more than $5.5 million. On May 21, 2014, Mr. Denaples was chosen for the companys Board of Directors. DeNaples is also famous for his unsuccessful attempt to own a casino in the Poconos. The place gives off evil airs., I visited that casino to get a better sense of DeNaples, a visit that illuminated his strange concoction of Catholicism and seedy business. Because they never had it. Age : 81. Common Cause Pennsylvania, a good-government advocacy group, tallied his contributions to Pennsylvania office seekers at $403,125 from 2002 to 07. While he was not the target of the investigation in question, the Philadelphia Inquirer reported that he was the subject one of the subpoenas Kane revoked. DeNapleswas awarded a license by the board in 2006, a move that was immediately questioned due to a no contest plea he entered in a felony conspiracy charge related to the cleanup from Hurricane Agnes. (An article in theScranton Times-Tribune bears this out.) Rossi is rich and protected because of DeNaples, says an observer. Rossi is the well-known son of one of his most important associates. Here's a look at threeof the people at the center ofthe latest controversy. High 54F. It seeks payment of the $3.89 million balance of a loan Dougherty made to the corporation, DeNaples Equipment Inc. Ive written previously about Monsignor Walter Rossis ties to the gay mafia in the Church. A hearing on that matter is scheduled for June 2 before Judge James Gibbons. "He is a very. Error! (See the video below.) While he was not the target of the. DeNaples remains the financial guarantor of about $250 million in loans to Mount Airy, which means he will need to maintain a license from the gaming board and be subject to its background investigations. He lied and said that he didnt know him, before saying something about having heard the name. I then asked him if Robert Rossi had been his accountant. Less than a 10th of a percent of the cash available through the fund has been lent, while businesses throughout the country could not qualify under the programs relative narrow guidelines or are too beaten down to consider taking on more debt. Your California Privacy Rights / Privacy Policy. Click here to place a classified ad. The government based its rules for disbursing coronavirus-relief funds on those SBA regulations, but the prohibition on bankers lending to their non-executive directors businesses was dropped for PPP. For FNCB, with $1.4 billion in assets, that works out to $21 million. Choose wisely! Bufalino was said to have helped organize the infamous 1957 summit of Mafia bosses in Apalachin, N.Y., which was broken up by police. "[6], In 2015, DeNaples petitioned the Pennsylvania Gaming Board to allow his business to conduct business such as garbage collection and snow removal at the Mount Airy Casino, however the board voted against the proposal.[7]. Tired of ads? Louis DeNaples is an American businessman, banker, and casino owner from Scranton, Pennsylvania. Loan standards are also more selective, requiring participants to have been in solid financial shape with a manageable existing debt load before the pandemic. If you forget it, you'll be able to recover it using your email address. He is attempting to obtain additional corporate records to evaluate its financial condition, but the DeNaples brothers are fighting the request. Your California Privacy Rights/Privacy Policy. He stands 1.7 meters tall and weighs 77 kilograms. But Louis DeNaples was allowed to continue advising the casino. In January 2008, DeNaples was charged with four counts of perjury related to his ties with the Bufalino crime family in his application for a Pennsylvania state gambling license. There was an error processing your request. Receive our newspaper electronically with the e-Edition email. Your account has been registered, and you are now logged in. In 2006,Conaboy resigned amid increasing pressure before the vote, citing "time constraints" with another full-time job he held while serving on the board. He popped out, way ahead of his bodyguard, and I asked him about Rossi. Create a password that only you will remember. Louis describes it as being the old school type of restaurant where theyd have guys playing cards and sipping wine all day.. Scarcely any insiders bet against Scranton financial specialist Louis DeNaples when he purchased the run-down Mount Airy Lodge resort in Mount Pocono for $25 million and reported his expectation to enter Pennsylvanias early gambling machine club industry. When Louis DeNaples, a Scranton financial expert, bought $25 million for the run-down Mount Airy Lodge resort in Mount Pocono and declared his plan to enter Pennsylvanias early gambling machine club industry, few insiders bet against him. He is the founder and CEO of DeNaples Auto Parts and is involved in several other businesses, including the waste management and real estate industries. But now that a grand jury has accused DeNaples of lying to the board about his relationship with a pair of reputed mobsters, the owner of the $412 million Mount Airy Casino Resort is under fresh scrutiny as is the process by which Pennsylvania was supposed to shield its newest industry, slots, from organized crime. Being born on 4 March 1943, Louis DeNaples is 80 years old as of todays date 1st May 2023. Since PPP loans are made under the same terms for all borrowers, there was no chance of favoring insiders, the agency reasoned. His daughter, Lisa DeNaples, left, watches. DeNaples, Birkbeck alleges, was initially granted a casino license to operate a slots parlor in . The Inquirer reported that prosecutors from the Attorney General's Office had issued subpoenas for Conaboy and DeNaples as part of a corruption case they were building against Shiffer. This choice is straightforwardly owing to examiners who stripped DeNapples of his lofty betting permit since they blamed him for lying during an examination concerning his coordinated wrongdoing ties. DeNaples did have on his record a 1978 no-contest plea to charges that he and three others bilked the federal government out of recovery funds following Tropical Storm Agnes. Is Mass Immigration Killing Two-Party Democracy in the U.S.? He also held leadership positions in two companies with DeNaples. [4], In 2001, as part of a federal gambling investigation, four informants made mention of a relationship between DeNaples and current leader of the Bufalino crime family William D'Elia. He told the Inquirer that the allegations against him were "totally absurd" and a "gross mischaracterization.". Having Louis DeNaples Jr. as both a board member and beneficiary of one of the seven trusts that own the casino appears to be the sort of connection the rules would cover, Perry said. In Scranton, Pennsylvania, Louis DeNaples was born to Nicola and Agnes DeNaples. Following a exhaustive assessment of his background in December 2006, the Pennsylvania Gaming Control Board unanimously supported DeNaples and granted him a license. DeNaples subsequently pleaded no contest to a conspiracy count, paid a $10,000 fine and spent three years on probation. Small banks such as Dunmore-based FNCB dont typically make such large loans and arent equipped to evaluate repayment risks and other potential perils that come with issuing the large amounts of debt permitted by the federal program, analysts said. An email has been sent to with a link to confirm list signup. A month or so ago, I had asked a source with access to the files at the National Shrine to see how much money DeNaples has donated to it. The recipient: the Mount Airy Casino Resort, owned by trusts for DeNaples children and grandchildren. Why did he only get his license suspended? Bank with ties to Louis DeNaples behind $50M, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Bank with ties to Louis DeNaples behind $50M taxpayer-backed coronavirus loan to Mount Airy casino, Bryan Kohbergers former school district wont talk. Will Bambi, as Bambera is nicknamed, allow an honest investigation into Rossi? Error! The other subpoena was reportedly issued to William Conaboy, whocurrently works as a healthcare attorney in Scranton.
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