Philip Narducci a longtime member of the Philadelphia mafia has been arrested and hit with newly filed charges.
According to an indictment unsealed on Thursday Narducci was charged with allegedly making and collecting extortionate loans and conspiracy. The feds claimed the 56-year-old mobster was making loans involving large amounts of money to borrowers. When they failed to make the weekly vig payments he used threats of violence in an effort to collect. According to the indictment he also instructed a 44-year-old mafia associate named James “Jimmy” Gallo to also make threats and collect.
“Phil Narducci”
The indictment claims that Gallo was caught telling a debtor that had failed to make a weekly payment to “stop playing games, You know when you’re gonna care? When [Narducci] shows up with a … ski mask and you’re gonna say, ‘Oh No,’ and it’s too late. You’re gonna say, ‘Oh No’ and that’s gonna be the last thing you’re gonna … say.” The debtor identified only as Victim A had allegedly received an initial loan of 20 grand from Narducci which was later increased to 115,000. In October he failed to pay and was then assaulted by Narducci and later had a run the run in with Gallo.
Phil Narducci was a well-respected member of the Nicky Scarfo era Cosa Nostra family in the City of Brotherly Love. He was convicted of racketeering back in 1988 and spent decades behind bars before being released in 2012. There has been plenty of speculation since his release as to his current status within the mafia in Philadelphia. He recently opened up a bar and restaurant named “Chick’s” after his father Frank “Chickie” Narducci Sr. a former mafia captain. It seemed like the veteran mobster had possibly gone legit and was done with his old Philly mafia lifestyle.
Both men are expected to be in court on Tuesday for a bail hearing. If convicted both Philip Narducci and James Gallo could be facing up to 20 years behind bars.
