Reputed Mobster Indicted on Tax Evasion Charges

Salvatore “Sammy” Galioto, a Kenilworth businessman with long-standing ties to the Chicago Outfit was charged with four counts of tax evasion in a federal indictment unsealed Thursday in relation to having allegedly hid $3 million in proceeds from the sale of a Chicago condominium.

Galioto - who has been listed in the Chicago Crime Commission’s list of reputed mob associates - is accused of hiding income he received as part of a 2007 consulting agreement with Pittsfield Development, LLC in connection to the Pittsfield Building in the Loop - according to the Chicago Tribune.

The indictment alleges Galioto was paid $3 million in exchange for his “consulting services” in the sale of floors 13 through 21 of the 38-story as well as an elevator shaft and a portion of the lobby. The defendant is alleged to have hid the income in part by having a check for more than $962,000 issued to a relative, who signed it back to him. The undisclosed relative also had a financial interest in the sale.

Galioto’s ties to the Outfit run through his father, who is a former Chicago cop and the brother-in-law of longtime leader James Marcello. His brother, John Galioto, has also been accused publicly of being an Outfit bookie.

more via the Chicago Tribune