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Pasco developer surrenders

Published Jun. 9, 1994|Updated Oct. 7, 2005

A Pasco County developer turned himself in Wednesday on charges that he and six other men, including the reputed head of the Tampa Mafia, defrauded local investors of more than $300,000 over 3{ years.

Salvatore "Sam" Carollo, 56, was charged with racketeering, fraud, securities violations and grand theft in connection with a scheme to sell shares in two companies that claimed to be selling high-tech oil filters for heavy machinery.

Authorities with the Florida Department of Law Enforcement say the technology for the oil filters never belonged to Transtar Marketing Inc. or Lubrication Technologies Inc., and that it was stolen from a legitimate business.

Carollo is well-known in central Pasco for his involvement in the Quail Hollow development, which has been plagued with faulty sewage treatment for years.

Carollo was the last of the seven to be arrested. The others charged include Carollo's son, Santo J. Carollo, 30; Vincent S. LoScalzo, 57, who has been linked to local organized crime; and Rickey Dawes, 43, a former Hillsborough sheriff's deputy also charged with leaking a confidential list of suspects in the Key Bank fraud case.

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