Salvatore “Solly D” DeLaurentis Net Worth

During the 1990s, Salvatore “Solly D” DeLaurentis was considered the acting boss of the Chicago Outfit. He also was considered the consiglieri of the Elmwood Park crew of the Lucchese mob. In the mid-1990s, Salvatore was in charge of Lake County, Illinois. In addition to his duties as the leader of the Outfit, Salvatore was responsible for causing a dustup between Cicero mobsters and the Outfit’s pecking order.

Salvatore “Solly D” was indicted in the Good Ship Lollipop Case in 1993. He was convicted of racketeering and tax fraud and served a long term sentence. His family also operated a successful bowling alley and pizza restaurant in Island Lake, Illinois.

According to federal prosecutors, Salvatore “Solly D” entrusted all of his earnings to his children. This was accomplished via a written trust in 1987. However, the written trust was not an exact copy of an oral trust that he agreed to in 1985.

The property at issue here is real estate in Island Lake, Illinois. The property was previously owned by Victoria and Jerry. In the mid-90s, the property was converted into a real estate boom-burg. The property has been in the DeLaurentis family for a long time. Several financial statements indicate that the property was in Salvatore’s name.

While the property was in Salvatore’s possession, he was collecting rental payments from Joseph Penze and transferring them to his children. It was during this period that he began to report real estate taxes on his federal income tax returns. The court will provide background information regarding each item at issue.

The property in question is located at 103 East State Road. The property is one half of an Inverness property. The court will determine the appropriate law for the disposition of both items. Regardless of the court’s decision on this issue, the petitioners believe that their interest in the property remains viable under a constructive trust theory. The petitioners also claim that the court’s 1979 amendment to the trust was an unlawful and arbitrary exercise of government power.

As a result of the 1979 amendment, the court cannot find evidence that Salvatore executed an express oral trust in 1978. In addition, the petitioners contend that the resulting constructive trust is still viable and should be enforceable. The best evidence is the petitioners’ signed verifications from other family members and the weight of contrary evidence.

The petitioners seek to prevent the government from taking the property from the DeLaurentis family. They have the right to contest the restraint of assets in advance of conviction. In this case, the court denies the petitioners’ third party petition to release the restrestrained assets. The petitioners’ best evidence is the deposition testimony of Victoria and other family members. They claim that the best interest of the DeLaurentis family is in preventing the government from taking the property from them. The court will provide background information about the items at issue and relevant laws that may apply to the disposition of the real estate.