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Scarfo cousin admits fraud role

A cousin of convicted mobster Nicodemo S. Scarfo pleaded guilty Wednesday in federal court to conspiracy to defraud a Texas-based financial firm.

A cousin of convicted mobster Nicodemo S. Scarfo pleaded guilty Wednesday in federal court to conspiracy to defraud a Texas-based financial firm.

John Parisi, 52, of Atlantic City, managed a family trust and limited liability company on Scarfo's behalf as part of a scheme to defraud FirstPlus Financial Group Inc., prosecutors said.

Parisi, who faces a maximum of five years in prison, is scheduled to be sentenced Jan. 17. He entered his plea before U.S. District Judge Robert B. Kugler in Camden.

Scarfo, son of jailed Philadelphia mob boss Nicodemo D. "Little Nicky" Scarfo, faces trial in October over his alleged involvement in siphoning more than $12 million from FirstPlus.

- Robert Moran