Hey buddy, Are you curious to know how much is Jimmy Galante Net Worth in 2024 according to Forbes? Here is the most Reliable blog for celebrities’ Net Worth that will present you with everything you want to know about Jimmy Galante. His full biography, Professional Career, Age, personal life, Height, Weight, and even to whom he is married.
We will answer all your questions regarding him: how old is he? Where is he now? How tall is he? Where is he now? What’s he doing now? How did he earn his net worth? Is he still alive or dead? How much is Jimmy Galante Net Worth in 2024 according to Forbes?
The Interesting part of visiting this page is that we will also provide more answers to all your unanswered questions with lots of interesting facts you will never want to miss about him.
Who is Jimmy Galante, and what is he famous for?
Jimmy Galante is an infamous American man who was the former CEO of Automated Waste Disposal, a waste disposal company with contracts in much of western Connecticut and Westchester and Putnam counties in New York.
In addition, he is a convicted felon and a member of the Genovese crime family in the United States.
Galante was sentenced to 12 months and one day in federal prison after pleading guilty to tax evasion in 1999.
Galante faced up to seven years in prison under Federal Sentencing Guidelines after pleading guilty to racketeering, conspiracy to commit wire fraud, and defrauding the Internal Revenue Service in June 2008.
He was also ordered to forfeit his controlling interest in twenty-five separate garbage-related businesses.
He was finally released in 2014 after serving 7 years jail time. Jimmy Galante, one of the most successful infamous businessmen in America, has a Net Worth today estimated to be $100 Million according to 2024 Update.
Jimmy Galante Net Worth, Companies & Illegal Controversies
Galante, who lives in Danbury, Connecticut, is estimated to be worth more than $100 million as the owner of twenty-five separate trash disposal businesses. These companies handled 80% of trash collection in southern and western Connecticut, as well as Westchester and Putnam counties in New York.
They have been accused of paying up to $120,000 per year to Genovese crime boss Matthew “Matty the Horse” Ianniello in exchange for no-bid contracts and other favors since 1993. As a result, municipalities, businesses, and residents across the country have had to pay exorbitant carting rates for many years.
In 2006, federal agents planted an undercover agent at Automated Waste Disposal. They recorded hours of phone conversations, leading to a raid on AWD’s Danbury offices and Galante’s New Fairfield, Connecticut, home, during which trailers full of documents were seized.
In June 2006, a 98-count indictment was issued against Galante, describing him as the leader of a criminal enterprise that used mob muscle to control the garbage industry in western Connecticut and Putnam County.
Former Waterbury Mayor Joseph Santopietro, former Diversified Waste Division Manager and Genovese Crime Family enforcer Robert Taggett, former federal Drug Enforcement Administration agent Louis Angioletti, several of Galante’s subordinates, and former Danbury Trashers hockey coach H. Todd Stirling were all indicted as a result of the investigation.
The indictment against Galante included 93 counts alleging that he violated federal law, including racketeering, conspiracy, Hobbs Act extortion, mail and wire fraud, witness tampering, tax fraud, and collaboration.
According to the indictment, Galante and others planned to commit arson and kidnapping by setting fire to a truck belonging to one of Galante’s competitors and then kidnapping the driver at gunpoint.
Authorities confirmed Ianniello received a quarterly “mob tax” of $30,000 for his services as the 33 men involved in the case were summarily indicted and tried.
Both the bagman who delivered the money and Ianniello pleaded guilty, with Ianniello pleading guilty to racketeering and interfering with a federal grand jury investigation. Both men were sentenced to between 1.5 and 2 years in prison. Galante was charged 2006 with allegedly paying a “mob tax” to Ianniello.
Despite initially pleading not guilty, Galante agreed to a change-of-plea hearing in June 2008.
Galante admitted to tax evasion by, among other things, issuing double paychecks to employees and collecting the extra money in cash, purchasing hay and a wide-screen television for his girlfriend’s horse farm and deducting the costs as business expenses, and skimming cash from the Danbury garbage transfer station register.
Galante told the judge he would “withdraw” from “any segment of the trash industry in the United States” and give the government his stake in 25 trash hauling and recycling companies.
Jimmy Galante owned 25 trash disposal companies in Danbury, all of which he valued at $100 million. These businesses were “condemned and forfeited to the United States of America.”
Due to legal provisions for the forfeiture of assets obtained illegally, the companies were sold, and the proceeds were transferred to the US Treasury.
Galante will keep EnviroServices Inc., a waste collection, transfer, and disposal company headquartered in Virginia with subsidiaries in Virginia, Maryland, New Jersey, West Virginia, and Kentucky, and the government will return $10.75 million to Galante as his share of more than $40 million in loans made to the businesses by Galante and his wife over the years.
Galante’s initial compensation was only $7.6 million. He was awarded the remaining $3,1,000,000 in settlement after claiming the government had broken its plea bargain.
Galante has agreed to pay the IRS at least $1.6 million in back taxes and to forfeit a horse farm he bought for an ex-girlfriend, six racing cars, a racing trailer, and $448,000 in cash seized by federal agents in 2006.
He denied any involvement in the other crimes charged against him by federal authorities, including extortion, attempted arson, and kidnapping.
The Famous American Convicted Criminal Jimmy Galante Net Worth is Estimated to be $100 Million as of the 2024 Update.
Jimmy Galante UHL Violation with Danbury Trashers & Controversy
In June 2006, the United Hockey League indicted 29 people, including Galante, former Trashers coach Todd Stirling, and Ianniello.
Stirling and Galante allegedly violated the UHL’s $275,000 per team salary cap by offering several players and their wives no-show jobs with AWD and disguising illegitimate payments as housing allowances.
Stirling was charged with wire fraud on six counts for submitting false weekly salary cap reports. According to the indictment, the Trashers’ salary was nearly $750,000. In the aftermath of these allegations, the Thrashers have ceased operations and released their players.
Galante pled guilty in this case in June of 2008. Meanwhile, Galante was charged with assaulting a UHL official during a game between the Trashers and the Kalamazoo Wings in December 2004.
Jimmy Galante Loius DeLuca Scandal & Controversy
In 2007, Louis DeLuca, the former minority leader of the Connecticut state senate, pleaded guilty to misdemeanor charges. These charges were brought against Galante.
DeLuca suspected his granddaughter was being abused and requested that Galante threaten the husband.
In exchange for significant campaign contributions from him and his associates, DeLuca allegedly promised to protect Galante’s interests. Since November of 2007, DeLuca has been under investigation by a State Senate committee.
Galante has raised campaign funds for other Connecticut politicians, including Connecticut U.S. Senator Joe Lieberman, who is not directly involved in any of Galante’s activities.
On November 13, 2007, DeLuca resigned from the State Senate, effectively ending the investigation.
Jimmy Galante Biography & Education
Jimmy Galante was born on January 5, 1953, in New York City, U.S. To continue with, regarding his education and background, we have no information about that.
However, we will update this article once we get hold of something new regarding his education and background. Jimmy Galante Net Worth is estimated to be $100 Million according to the 2024 Update
How much is Jimmy Galante Net Worth in 2024 by Forbes?
Jimmy Galante Net Worth is estimated to be $100 Million, according to our report at networth202.com. We found out that the infamous American convicted criminal has hit it big
How does Jimmy Galante make his Money?
Jimmy Galante makes his money through various means. He generates income majorly from fraud he has engaged in during the past
How old is Jimmy Galante? Height and Weight
The infamous American Convicted Criminal known professionally as Jimmy Galante is reportedly in his 70s. He stands pretty tall. After we studied his height, we found out he stands at a height of 5 feet 7 inches. Similarly, our report also shows his weight is around 92Kg
What is Jimmy Galante real name?
Jimmy Galante seems to be his cover name, as we have heard. However, reports and statements show his name is James Galante
Is Jimmy Galante still in Prison?
The infamous American Convicted Fraud, Jimmy Galante, was sentenced to 12 months and a day in federal prison after pleading guilty to tax evasion in 1999. It is known that he is out of jail as of this moment
Is he alive or dead?
According to our research Networth202.com, he is still alive as of the 2024 update.
Watch Jimmy Galante Recent YouTube Interview
Summary
- He was born on January 5, 1953, in New York City, U.S
- He is said to have been born “James Galante.”
- He faced up to seven years in prison under Federal Sentencing Guidelines after pleading guilty to racketeering, conspiracy to commit wire fraud, and defrauding the Internal Revenue Service in June 2008.
- His net worth is estimated to be $100 Million as of the 2024 update.
- He owned 25 trash disposal companies in Danbury
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