Scarfo financial fraud case winding down in Camden

A financial fraud trial involving the son of an imprisoned Philadelphia organized crime boss is winding down.

Jurors in the trial of Nicodemo S. Scarfo and several others are expected to hear instructions from a federal judge in Camden Tuesday. The panel could hear closing arguments from attorneys as early as Wednesday.

The trial has been under way since January.

Scarfo and his co-defendants are accused of using threats to take over the board of FirstPlus Financial Group, an Irving, Texas-based publicly traded mortgage company. Prosecutors allege they then had the company buy shell companies they owned so they could take out the assets.

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Attorneys for the defendants say the alleged mob ties are exaggerated and are being used by the government to draw interest to the case.

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