Mob boss John Gotti’s grandson is headed to prison for a $1.1 million Covid fraud and crypto scheme

he mob boss’ grandson defrauded the U.S. government’s Covid-19 relief system out of $1.1 million and invested at least half of it to invest in crypto businesses. What to know : Carmine G. Agnello, grandson of mob boss John J. Gotti, was sentenced to 15 months in prison for fraudulently obtaining $1.1 million in Covid relief funds and investing much of it in cryptocurrency. Prosecutors said Agnello submitted false information to the Small Business Administration between April 2020 and November 2021, claiming the money was for his Queens auto parts and recycling business, including employee salaries. The case comes amid widespread fraud in pandemic aid programs, with the Government Accountability Office estimating that roughly $135 billion, or up to 15 percent of Covid relief funds, was lost to scams.