Louis "Bobo" Malpeso, from Staten Island, was fatally injured in a motorcycle crash around midnight at Forest and Bruckner avenues in Mariners Harbor according to police. It is said he lost control of his bike.
Malpeso was a former Colombo associate. In 1996, he pleaded guilty to shaking down a man over a $100,000 loan with a 3% weekly interest rate. Malpeso also admitted to manipulating the stock market. As punishment, he was sentenced to almost four years in prison for both crimes.
Malpeso's father, Louis "Bobo" Malpeso Sr., was a Colombo family soldier and was serving a 95-year prison term for attempted murders during the Colombo gang wars. Malpeso Jr. followed in his dad's mob footsteps, but stayed on the more quiet side only being involved in loan-sharking and stock fraud. Malpeso jr. was also a construction worker and a bouncer in the early 90s.
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