1. Background
    DeCavalcante's nephew-in-law 

2. Murder of Fred Weiss

3. Family scandal

4. Power struggle

5. FBI informant

6. Government witness

7. New life in Houston, Texas

8. Bankruptcy

9. References

10. Potential Sources

11. External links

Background

Palermo was raised in a traditional Italian family in Brooklyn, New York. He has five sisters, including Claire and Nancy, and one brother. His father was an Italian immigrant who moved to New York when he was a teenager. Palermo came from a close-knit family, and was said to have lived a harmonious lifestyle. He was an altar boy during adolescence. When Palermo was sixteen, his father died, which forced him to leave school and work two jobs to help support his family, as his mother was a bedridden asthmatic. In his earlier years, Palermo worked at a wholesale fish business in the Fulton Fish Market, where he earned the nickname "Vinny Ocean".

Palermo was very protective of children; he allegedly once stopped a man from beating his son, and rescued a toddler relative who had accidentally fallen into a pool. Palermo was also reputedly a dedicated family man. He attended Sacred Heart Church in Island Park, drove his daughters to Brownie meetings, and reportedly watched Annie with one of his daughters regularly. Palermo also took in a troubled teenager named Richard, becoming his godfather. Palermo would allow his godson to stay at his home every weekend for a year, enabling the boy to study the Catholic sacraments in preparation for eventual baptism, Communion and Confirmation.^[2]

Palermo was divorced once and remarried. In the 1980s, he became indebted to a hospital, local doctors, and the federal government. The tax liens against his property were in his second wife's name, an Italian-American woman named Angela, totaling $68,000. At the time, he was paying a large mortgage on a waterfront mansion with a 100-foot pier located in Island Park. He had two Social Security numbers and paid alimony to his first wife. He also supports his second family, two daughters, Danielle and Tara, and a son Vincent Palermo Jr., with Michael (from his first marriage) and Renee. His son Michael is a graduate of Fordham University and a licensed New York stockbroker; he was an investment banker with Goldman Sachs up until his father's indictment, when he went into hiding.^[3]

DeCavalcante's nephew-in-law

In the early 1960s, Palermo met and married the niece of crime boss Sam DeCavalcante of the DeCavalcante crime family. DeCavalcante took a liking to his nephew-in-law and began inviting him to visit his social club in Kenilworth, New Jersey. He worked at the fish markets in the early morning hours and hung out with mobsters on Sunday afternoons. Palermo cultivated relationships with other crime families—a lucrative loansharking operation with one Gambino family caporegime and bookmaking with another. He was also a close associate of the Genovese family. Palermo was known to say very little, speaking to only a very few close associates, and stayed away from mob-run social clubs. Until his racketeering indictment, he had only been arrested for the misdemeanor of stealing shrimp at the Fulton Fish Market.

Murder of Fred Weiss

On September 11, 1989, Palermo, Anthony Capo, and James "Jimmy" Gallo murdered Staten Island resident Fred Weiss, on orders from DeCavalcante boss Giovanni "John the Eagle" Riggi through capo Anthony Rotondo. Weiss was a former newspaper reporter for the Staten Island Advance and a real estate developer who had become associated with mobsters from both the DeCavalcante and Gambino families.

Weiss and two mob partners had purchased a vacant property in Staten Island and started illegally dumping large amounts of dangerous medical waste there. Local authorities uncovered the scheme and started investigating Weiss, and the two mob families became nervous. Gambino boss John Gotti worried that Weiss might become a government witness in exchange for leniency and requested that the DeCavalcante family murder Weiss to protect them. Palermo, Capo, and Gallo drove to the New York condominium of Weiss' girlfriend. As Weiss left the building and climbed into his car, Palermo and Capo shot him in the face.

Family scandal

Palermo was appointed capo after the Weiss murder and given his own crew of soldiers. Riggi was sent to prison in 1989, and appointed John "Johnny Boy" D'Amato as his acting boss. However, D'Amato's disgruntled girlfriend alleged in 1992 that he was bisexual and that D'Amato would take her to swinging parties and engage in homosexual activity with other men. Riggi ordered Palermo and Capo to murder D'Amato in order to avoid embarrassment to the DeCavalcante family. In early 1992, D'Amato disappeared and his body was never found; after Capo flipped and became a government informant, he admitted that he had shot and killed D'Amato in the backseat of a car. Following D'Amato's disappearance, Giacomo "Jake" Amari became the new acting boss for Riggi. He ran the family until his death from cancer in 1997.

Power struggle

With Amari's death, there was no clear candidate to become the new acting boss. Riggi, still in prison, restructured the family and created a ruling panel to run it in order to avoid a potential power struggle. Riggi appointed longtime members of the crime family to the panel: Vincent Palermo, Girolamo "Jimmy" Palermo (no relation to Vincent), and Charles Majuri. However, Majuri, furious that he wasn't appointed acting boss, decided to murder the two Palermos and take effective control of the DeCavalcante family. He asked Gallo to murder Vincent Palermo, but Gallo alerted Palermo about the plot.

To protect himself, Palermo decided to murder Majuri instead. Over the years, Majuri had made many enemies by removing fellow mobsters from a labor union that he controlled and taking their money. Palermo was able to recruit Capo, Gallo, and Joseph Masella to find and kill Majuri. However, on the one occasion when they were ready to kill Majuri, they became nervous and decided not to do it. When they reported their failure back to Palermo, he decided that Majuri didn't pose a threat after all and cancelled the murder contract. By the mid-90s, Palermo was the de facto boss of the DeCavalcante family, with Riggi reigning as boss in absentia from jail.

FBI informant

In 1998, DeCavalcante associate Ralph Guarino was arrested for stealing $3 million from a Bank of America inside the World Trade Center. To avoid 20 years in prison, Guarino agreed to work as an informant for the FBI, giving the agency information on the actions of DeCavalcante members. The agency gave him cell phones rigged with surveillance equipment to distribute to other family members. In October 1998, Palermo's trusted lieutenant Joseph Masella was shot to death, leaving an opening in the family. Guarino's status had been rising in the family due to secret assistance from the FBI, and after Masella's murder, Palermo and the rest of the DeCavalcante leadership promoted Guarino to made man.

In 1999, the FBI finally moved in on the DeCavalcante family. Palermo had recently proposed to murder mobster Frank D'Amato, and Guarino successfully recorded the conversation. On December 2, the FBI arrested Palermo and 39 other members of the family. He was charged with the attempted murders of D'Amato and Majuri, along with many other offenses. Capo agreed to become a government witness, and implicated Palermo in the 1989 Weiss killing.

Government witness

Palermo was facing serious charges and possible capital offenses, so he decided to become a government witness. He confessed to killing Weiss and mobster Louis LaRasso, and to planning the murders of the two D'Amatos, Masella, Majuri, and Tom Salvata, the manager at his strip club. Palermo also implicated other DeCavalcante family members in various crimes. After testifying for the government, Palermo and his family entered the federal Witness Protection Program. However, prosecutors later discovered that he allegedly gave his son Michael $1 million in cash, possibly jeopardizing his status as a protected witness.

New life in Houston, Texas

On September 14, 2009, the New York Daily News exposed Palermo's new life in witness protection as a strip club operator in Houston, Texas.^[4] He has been living under the name "Vincent Cabella". Houston Police alleged that Palermo's strip clubs were a source of drug dealing and prostitution in the Houston area. Palermo claimed that many of his Houston friends already knew of his past because of an A&E television special. He lived in a gated mansion at 9105 Memorial Drive, Houston, TX 77024.^[5][6]

The day after the Daily News report, Houston NBC affiliate KPRC-TV aired an investigative segment on Palermo.^[4] Forty days later, Palermo put his Houston mansion up for sale, first for $4 million but then, over the following two years, he reduced the price to $2.45 million. After the mansion still would not sell, he took it off the market on June 3, 2011. Palermo put his house up for sale again in September 2015 with John Daugherty Realtors; it eventually sold for $2.85 million on 5 August 2016.^[7][8][9] In late 2011, the Houston Chronicle reported that Palermo was sued by the former owner of one of his strip clubs, claiming that he had only paid $5,000 of the $1.3 million selling price.^[10][11]

Bankruptcy

On March 4, 2013, Palermo filed a Chapter 11 bankruptcy petition in U.S. Bankruptcy Court in the Southern District of Texas. Under Chapter 11, a person's assets and debts are not liquidated, but the filer is given court protection from creditors in order to try to perform a work-out of the insolvency situation.^[12][13]

References

• {{cite book |last1=Smith |first1=Greg B |title=Made Men: The True Rise-and-Fall Story of a New Jersey Mob Family |year=2003 |publisher=Berkley Books |location=New York |isbn=0-425-18551-6 |oclc=51523921 }}

External links

• American Mafia.com The 'Sopranos' Trial Part Three: Reversal of Fortune for Mob Canary by James Ridgway de Szigethy
• American Mafia.com: New Jersey by Devin McDonald

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