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As the snitch ran his racket, a rat was watching Tipster helps put mob turncoat behind bars
star ledger ^ | July 29, 2007 | JOHN P. MARTIN

Posted on 08/26/2007 1:40:02 PM PDT by Coleus

Peter Caporino stood in a Jersey City courtroom last week in a green prison jumpsuit and blue slippers, with his hands cuffed behind his back. He held his head high but looked tired. "Mr. Caporino, are you thinking clearly today?" Superior Court Judge Peter Vazquez asked him. "Yes," Caporino replied, nodding. The exchange began the final ironic twist in the strange, sorry tale of "Petey Cap," one of the better-known and well-liked mobsters to grace or -- depending on your view -- plague North Jersey.

Caporino was the Hasbrouck Heights wiseguy who traded four decades of service in the mob for an FBI wire and the chance to spare himself and his wife from prison. He secretly recorded hundreds of conversations, and later helped federal prosecutors win convictions against 16 Jersey-based members and associates of the Genovese crime family. But as most of them marched off to prison last summer, a whisper campaign was in the works: Caporino, the rumors went, was not only back on the streets, but still brazenly running the lucrative six-figure gambling racket the feds had ordered him -- twice -- to shut down.

A new nickname was in the air. Greedy Petey, they called him. Anonymous letters found their way to the Jersey City police, the county prosecutors, even The Star-Ledger, identifying locations where Caporino and underlings were said to still be operating.

Someone was ratting out the rat.

Last month, police raided his home, seized betting records and cash and charged Caporino and his wife. The end came Thursday, when the 70-year-old mobster admitted his crimes in a plea deal with Hudson County prosecutors, and agreed to a seven-year prison term, most of which will probably be spent in isolation. Caporino's punishment could ultimately be longer and lonelier than any given to most of

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TOPICS: Crime/Corruption; US: New Jersey
KEYWORDS: bergencounty; betting; bookie; bookmaker; fbi; gambling; hasbrouckheights; mafia; organizedcrime; snitch

1 posted on 08/26/2007 1:40:08 PM PDT by Coleus
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To: Coleus

So that’s what happened after the lights went out?

2 posted on 08/26/2007 2:26:17 PM PDT by Wingy
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