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Genovese Crime Family Member Sentenced to 168 Months' Imprisonment

R. Alexander Acosta, United States Attorney for the Southern District of Florida, Alice Fisher, Assistant Attorney General in Charge of the Criminal Division, U.S. Department of Justice, Jonathan I. Solomon, Special Agent in Charge, Federal Bureau of Investigation, Miami Field Division, and Michael E. Yasofsky, Special Agent in Charge, Internal Revenue Service, Plantation, Florida, announce that defendant Renaldi (Ray) Ruggiero was sentenced today to 168 months' imprisonment after having pled guilty in February 2007 to conspiracy to violate the Racketeer Influence Corrupt Organization (RICO) statute, in violation of Title 18, United States Code, Section 1962(d). Ruggiero was also ordered to serve 2 years of supervised release, to pay a fine of $25,000 and to forfeit $10,000 previously seized by the government.

At the time of his plea, Ruggiero admitted that he was a soldier and then made a captain in the Genovese Crime Family and was in charge of its operations in South Florida. Ruggiero admitted that he supervised and directed the activities of members and associates committing criminal acts in the Southern District of Florida, and was employed by the Genovese Crime Family of La Cosa Nostra. He further admitted that he conspired to engage in a pattern of racketeering activity, including extortion, robbery, money laundering, making of extortionate extensions of credit, collection of extensions of credit by extortionate means, travel in aid of racketeering, possession of stolen property, and bank fraud.

This is the sixth defendant to have been sentenced in this case. Previously, co-defendants Colasacco, Steinberg, Weissman, Santoro and O'Donnell received sentences ranging from 41 months to 97 months after pleading guilty to one count of RICO conspiracy.

Mr. Acosta commended the investigative efforts of the Federal Bureau of Investigation, the Internal Revenue Service, and United States Postal Service assigned to this case. The case is being prosecuted by Assistant United States Attorney Jeffrey N. Kaplan and Trial Attorney Cynthia Stone from the Organized Crime and Racketeering Section of the United States Department of Justice.

A copy of this press release may be found on the website of the United States Attorney's Office for the Southern District of Florida at http://www.usdoj.gov/usao/fls. Related court documents and information may be found on the website of the District Court for the Southern District of Florida at http://www.flsd.uscourts.gov or on http://pacer.flsd.uscourts.gov.

Source: FBI