‘Mobster’ Armen Kazarian denied bail

  Armen Kazarian, a top shot-caller in the Armenian mob won’t be going back home to L.A. for the holidays. Kazarian, who is charged with federal racketeering in a $100 million Medicare fraud  scheme, was denied bail yesterday by a New York Federal  judge who said his “great deal of unexplained wealth” could easily let him flee the country .Writes Bruce Golding.ny post. 

  

Manhattan federal Judge Paul Gardephe noted that Kazarian drives a $350,000 Rolls-Royce Phantom, owns a mortgage-free $600,000 California home, has gambled at least $1 million in Las Vegas, and has traveled extensively overseas — all while claiming to earn only $1,500 a month as a used-car broker.

Although Gardephe scolded prosecutors for failing to provide any solid evidence, he said Kazarian’s strong ties to Armenia — which has no extradition treaty with America — raised a “serious risk of flight.”

Defense lawyer Mark Geragos, who called the case against his client “almost laughable,” said he would consult with Kazarian before deciding whether to appeal.

To Read more  Click here: Armenian ‘Mobster’ Armen Kazarian denied bail in $100M fraud – NYPOST.com