FirstPlus Financial Group is a
Texas-based mortgage company traded under the symbol FPFX. In 2011, a number of indictments and other legal actions showed that the firm had been taken over by
Lucchese crime family by the use of threats and violence. They were able to remove the firm's entire board of directors and managers, replacing them with their own.
At one point, the company had
Vice President Dan Quayle as a members of its (legitimate) board of directors. American football player
Dan Marino
Daniel Constantine Marino Jr. (born September 15, 1961) is an American former football quarterback who played in the National Football League (NFL) for 17 seasons with the Miami Dolphins. After a successful college career at Pittsburgh and be ...
once served as its TV spokesman.
According to the company, in June 2007 the gangsters forced the firm to purchase several firms under very unfavorable terms. They may have looted $12 million from shareholders.
On June 24, 2011, the firm filed for bankruptcy protection under
Chapter 11.
In 2014, mobsters William and James Maxwell were convicted for organizing crime, among other charges, having been accused of racketeering fraud and bribery for their involvement in unlawfully taking over FirstPlus Financial Group and using its money to buy luxury cars and a yacht.
See also
*
Nicky Scarfo Jr.
Nicodemo Salvatore "Nicky" Scarfo Jr.Anastasia, George. "'Nicky Jr.': Where Does the Boss' Son Fit In?" ''The Philadelphia Inquirer''. March 10, 1991. (born June 9, 1965), sometimes known by the nicknames "Junior", "Nick Promo", and "Mr. Apple" is ...
References
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Financial services companies of the United States