Planetta cops a plea in a deal that spares his wife.

Last April I mentioned coast builder Vic Planetta on Slabbed being in trouble for defrauding the SBA on a 7 figure loan. Today Robin Fitzgerald reports for the Sun Herald that Vic is taking a plea deal which includes pre trial diversion for his wife Eileen in what can only be described as a best case scenario for Team Planetta.  There will be restitution but the article is silent on the issue of pokey time for Vic at Club Fed.

File this one under greed kills.


Coast news miscellany: Vic Planetta in a world of hurt and idiocy at the Mississippi Gaming Commission

Sorry son, you were caught smoking a joint 30 years ago so your fired…..

Anita Lee details a bit of war on drug idiocy in her profile of Victor Hanson, a family man who lost his job at the Palace Casino in 2008 because he was caught smoking a joint in Biloxi over 3o years ago. The war on drugs is both a failure and boondoggle that flushes billions of scarce taxpayer dollars down the black hole every year to no good end. One day the powers that be will learn that treating social problems such as addictions as a law enforcement problem is beyond silly.

In other news former coast modular home builder Vic Planetta is in a world of trouble as he and his wifey are charged with defrauding the SBA after Katrina to the tune of over $1,000,000. This story is rich for me on a couple of different levels, none of which I’ll go into here on Slabbed. Greed kills Vic, greed kills……