Reputed mobster Rudy Fratto charged with tax evasion in new federal case

Reputed mobster Rudy Fratto has been charged with tax evasion in a new federal case, the IRS Criminal Investigation Division said Tuesday. Fratto, 65, of Darien, has previously been identified by authorities as a lieutenant in the mob's Elmwood Park street crew. New information filed in federal court alleges that Fratto failed to report nearly $200,000 in income in 2005. Fratto this year was among the targets in a civil racketeering claim filed by Joseph Fosco, son of the late Teamsters treasurer Armando Fosco, who alleged that Fratto, reputed Chicago Outfit figure John "No Nose" DiFronzo and others tried to extort $400,000 from him. Lawyers for the men have contested the suit. An attorney for Fratto was not immediately available Tuesday to address the new criminal case.

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GETTING PERSONAL: Madoff Investors Face Tax Deadline

NEW YORK (Dow Jones)--For many investors caught in the Bernard Madoff fraud, the ensuing tax woes just aren't going away.

While some investors are entitled to refunds of taxes they paid on money they never got, many still haven't seen a cent from the Internal Revenue Service. Others have not left the starting gate on claiming refunds.

The IRS has issued some refunds, but the "vast majority" of Madoff's victims have not gotten them yet, according to Ron Stein, founder of Madoff-help.com, and president of Good Harvest Financial Group in Huntington, N.Y., a fee-based financial planning and investment advisory firm.


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