From the Malden Observer: A North Andover man who worked as a top loan shark and bookkeeper for an eastern Massachusetts crime ring is now behind bars.
Joseph Giallanella, 64, also know as Jason Peters, was sentenced on March 11 to two to four years in state prison followed by two years of probation by Judge Maynard Kirpalani in Salem Superior Court. Giallanella had pled guilty on Jan. 18 to managing a gaming enterprise, use of a telephone for gaming, criminal usury, two counts of conspiracy, and two counts to accessory after the fact of larceny. …
According to previous statements by the Essex district attorney, a cross-department investigation was launched into the suspected illegal activities of Giallanella in late 2009. The investigation ultimately expanded into an entire organized crime ring.
Giallanella employed an “enforcer” who collected money from gamblers that fell behind on their debts. … Investigators eventually discovered Giallanella was part of a crime ring previously headed by Mark Rossetti of East Boston. …
Since initial arrests, 18 individuals pled or have been found guilty by trial in Essex, Middlesex, Suffolk and Plymouth counties. Rossetti himself
Boston.com reports that Rossetti, a reputed Patriarca mob capo who was secretly working as an FBI informant, was sentenced on Jan. 22 to 12 years in state prison after pleading guilty in Essex Superior Court in Salem to trafficking heroin.
Rossetti, 53, of East Boston, is already serving 7 to 9 years for breaking and entering with intent to commit a felony for a separate conviction in July.
He also faces more serious charges of loan sharking and extortion, which could lengthen his sentence.
He was charged in 2010 with heading a massive criminal enterprise known as the Rossetti Organization.
It was later revealed that he had a secret relationship with the FBI. That agency is now investigating whether the relationship was appropriate, given Rossetti’s violent criminal history.