An Atlantic City man today pleaded guilty to conspiracy to commit wire fraud in a scheme charges indicate was led by his alleged mob boss cousin.
John Parisi, 52, pleaded guilty a day after Lisa Marie Scarfo admitted her role in a mortgage fraud that helped her and her husband, Nicodemo S. Scarfo — better known as Nicky Jr. — buy an Egg Harbor Township home.
Parisi and Lisa Marie Scarfo are among 13 people who were named in November 2011 in a 25-charge indictment painting Nicky Jr. and friend Salvatore Pelullo as the leaders of a scheme to take over a Texas-based financial firm and loot it.
Both Nicky Jr. and Pelullo are allegedly involved with the Lucchese La Cosa Nostra crime family.
Parisi admitted that he joined the conspiracy in April 2007, managing a family trust and a limited liability company on behalf of his cousin.
Parisi said his cousin directed him in the use of various bank accounts through which Scarfo received hundreds of thousands of dollars between July 2007 and April 2008 as part of the scheme.
Parisi also said that beginning in February 2008 he helped Scarfo and his then-fiancée, Lisa Marie Scarfo, obtain a mortgage for a $715,000 house in EggHarborTownship.
The conspiracy count to which Parisi pleaded guilty carries a maximum potential penalty of five years in prison and a $250,000 fine, or twice the gross gain or loss from the offense. Sentencing is scheduled for Jan. 17.