Reputed Gambino organized crime family “capo” Nicholas Corozzo has been sentenced to four and one-half to 13 and one-half years in prison after pleading guilty to operating a highly sophisticated illegal gambling enterprise in Queens and elsewhere, Queens District Attorney Richard Brown announced Tuesday. Corozzo admitted to booking nearly $10 million in wagers over a two-year period on professional and college basketball and football, professional baseball and hockey and other sporting events.
“As a result of this prosecution, we have closed down an extremely lucrative gambling operation that benefitted the Gambino crime family to the tune of millions of dollars each year,” Brown said. “Illegal gambling is the engine that fuels organized crime because of the huge profits that it generates. Those profits are then used to fund other more insidious forms of criminal activity, such as labor racketeering, drug trafficking, prostitution, auto theft, insurance fraud and loan sharking. Today’s sentence sends a clear signal to all who involve themselves in illegal gambling that law enforcement will keep up the pressure and not allow them to operate.”
Nicholas “Little Nicky” Corozzo, 69, of Bellmore, L.I., appeared Tuesday before Queens Supreme Court Justice Barry Kron for sentencing in connection with a 29-count indictment charging him — together with 25 other reputed members of the Gambino crime family — with promoting illegal betting. Corozzo was also sentenced for being involved in traditional gambling wire rooms located in Woodhaven and non-traditional computerized wire rooms in Costa Rica, Brown said. Corozzo pleaded guilty to the top count of the indictment — enterprise corruption — last July.
Brown noted that in addition to the plea under which Corozzo was sentenced Tuesday, he was also named in a federal indictment charging him and 61 other reputed Gambino crime family members and associates with racketeering, conspiracy, extortion, loan sharking and embezzlement. He pleaded guilty to the federal indictment and was sentenced to 13.5 years in prison. The sentence imposed Tuesday is to run concurrently with the sentence imposed under the federal indictment.
Corozzo remained a fugitive from justice for approximately four months until his surrender to federal authorities on May 29, 2008, after his story was featured earlier that month on the television show, “America’s Most Wanted,” Brown noted. Since his surrender, he has been held in federal custody without bail.
Reputed Gambino soldiers Blaise Corozzo and Louis Scida and reputed associates Todd Segarra, Neil Allstatt and Frank Mancini have also pleaded guilty and received sentencing in the state enterprise corruption case, Brown said.