Porn News

FBI Probe Caused Rift in Galardi Family

Las Vegas – In the case of strip club owner Jack Galardi, it’s not necessarily like father, like son. The elder Galardi is saying that he was shocked and devastated to learn that his son Michael Galardi was a target of an FBI political corruption probe. “It was totally unnecessary what he did,” said Galardi. “I had no idea he was that active.”

On May 14, FBI agents looking for evidence of payoffs to elected officials raided Cheetahs strip club, co-owned by the Galardis, and Jaguars, owned at the time by Michael, in Las Vegas, as well as Michael’s club Cheetahs in San Diego. Michael Galardi later pleaded guilty to federal corruption charges in San Diego and Las Vegas and agreed to testify against elected officials charged with taking money under the table from him in both cities.

The investigation effectively ended Michael Galardi’s career and forced Jack Galardi, who once served prison time over the theft of money orders from a post office, but was not charged in the FBI probe, to “clean up the mess” his son had created. As a result, Jack Galardi said he’s lost several big loans which have hurt his business and has got dragged through the mud unfairly because of his son’s misconduct.

Galardi, 72, once promoted rock groups in Vietnam during an 18-month stint in the war and ran an after-hours nightclub in Los Angeles with a man who was murdered years later. During the course of thirty years, Galardi built up an empire of topless clubs across the country. He has two dozen of them at last count- a business which has allowed him a posh home in Las Vegas including a 400-acre ranch outside Atlanta along with two corporate airplanes and a helicopter.

The elder Galardi’s name got linked in the probe when it was revealed that he was listed as having a 60 percent share of the company that owns Cheetahs in Las Vegas whereas Michael was listed as owning 40 percent of the company, La Fuente Inc.

Earlier this month, the Las Vegas City Council hit La Fuente Inc which is now soley owned by Jack Galardi with a $1.1 million fine because of Michael’s courtroom admissions of criminal conduct in the corruption investigation. Galardi has not yet paid the fine which is related to the liquor license at Cheetahs, a club estimated to earn $8 million a year.

The FBI search warrants also had reason to suspect Galardi’s hidden ownership in Jaguars which is officially owned by Michael. Galardi insists that he has no interest in Jaguars and that he was not a target of the probe. Galardi said differences over the development of Jaguars led to a split between him and his son and that he washed his hands of Jaguars, a $15 million niteclub.

After Michael Galardi pleaded guilty in the investigation, Jack Galardi bought Michael’s 40 percent share of Cheetah’s while buying Jaguars an Leopard Lounge another club Michael owned. Jack Galardi also banned his son from entering the three clubs and filed a lawsuit alleging Michael unlawfully diverted more than $530,000 from Cheetahs to Jaguars. Galardi said he trusted Michael to run Cheetahs but that his troubles are letting his son handle the business. “I wasn’t paying attention,” Galardi said. “The bills were being paid and I was drawing a nice salary.”

But Galardi’s problems haven’t been limited to Las Vegas, in Tampa last month, six people at four of his clubs were arrested in a police investigation that led to charges that the clubs were fronts for prostitution. Galardi, who admits to not being a hands on businessman, said he had placed too much faith in his managers. Galardi is also saying that he now plans to become more involved in the running of his clubs throughout the country which includes businesses in Atlanta, Miami, Daytona beach and several cities in South Carolina and North Carolina.

 

254 Views

Related Posts

Wendy Raine Signs With Nexxxt Level Talent

Jul 19, 2024 4:25 PM PDTLAS VEGAS — Wendy Raine has signed with Nexxxt Level Talent for representation. “This has been the best year of my career for so many reasons," said Raine. "It has been a year of discovery, passion, and…

Ophelia Kaan, Jill Taylor Star in Latest From DPDiva, PervCity

Jul 19, 2024 4:24 PM PDTLOS ANGELES — Ophelia Kaan and Jill Taylor debut in new scenes for DPDiva and PervCity, respectively. First, Kaan stars in “Hole-Splitting First DP For Slutty MILF Ophelia Kaan” features Kaan with Milan Ponjevic and Donny Sins.…

Ella Reese Headlines New Bellesa Films Title ‘I Can’t Help It 4’

Popular starlet Ella Reese graces the cover and leads the cast of "I Can’t Help It 4," the newest installment of the anthology series from Bellesa Films.

Hayley Davies Leads Cast of Hard X’s ‘Hardcore Bombshells 2’

Up-and-comer Hayley Davies heads up the second installment of Hard X’s "Hardcore Bombshells," available now in all formats from distributor Mile High Media.

Leana Lovings to Host ‘Self Compassion and Coping in Sexwork’ Workshop

Jul 18, 2024 4:54 PM PDTLOS ANGELES — Leana Lovings will host a support workshop for sex workers, titled "Self Compassion and Coping in Sexwork," tomorrow at 6 p.m. PDT on Zoom.The workshop will feature guest speaker Dr. Coralis Solomon,…

Leave a Reply

Your email address will not be published.