Reputed Mobster On Trial In Alleged Diamond Ring Theft

NEW YORK (WCBS 880) –He used to be somebody in the mob.

Gerald DeGerolamo had a reputation for pulling off creative armored car heists.

Now, the 65-year-old mobster is on trial for allegedly trying to steal a diamond engagement ring, valued at $30,000, from a man who was offering to sell it on Craigslist, WCBS 880’s Irene Cornell reported.

The victim, David Cushman, testified that he had several face to face meetings with DeGerolamo. During their last meeting in which Cushman brought the ring and was ready to make the sale, DeGerolamo allegedly sprayed him in the face with a can of mace and grabbed the ring.

WCBS 880’s Irene Cornell reports from the trial of an old, reputed mobster accused of stealing engagement ring.

DeGerolamo had found the seller on the online advertisement website and set up a meeting on Christopher Street to buy the ring on Dec. 26.

Cushman said he felt like he had stuck his head in an oven and that he felt like his “head was on fire.” The victim was able to grab DeGerolamo while screaming, kicking, and punching until a crowd gathered and a police officer came along to make the arrest.

In his mafia heyday, DeGerolamo, an associate of the Lucchese crime family, pulled off a daring $3 million armored car heist. That was 1989.

DeGerolamo has been charged with first degree robbery and faces up to 15 years in prison if convicted.

More from Irene Cornell
  • Brian

    The person who commented why someone would buy or sell a $30,000 ring on craigslist obviously has never bought a ring before. The seller could have had the paperwork from when he bought it plus the GIA certificate for the diamond showing it was his and not hot. It may come as a surprise to you but people sell $100,000 cars on craigslist as well.

    I’m glad the victim got this guy off the streets.

  • Greg

    Keeping safe on Geebo and other classifieds sites:

    It is important that you know how to keep yourself and your loved ones safe when using online classified advertising sites. Here are a few reminders:

    When selling, do not put your home address in your ad.
    To avoid scams, buy and sell with people you can meet locally, in person.
    When meeting with someone you don’t know, meet in a public place. If that’s not possible, have a buddy with you. Also, carry a cell phone; if you feel unsafe, you can call a trusted friend, and stay on the line.
    Never give out financial or private information like account numbers, PayPal login, or social security number.
    If an offer sounds too good to be true, it is. Walk away!

    When choosing a classifieds site:

    Use only sites where ads are reviewed before they go live on the site rather than relying a flagging or rating system that leaves users vulnerable in the mean time.
    Use sites that do not carry adult ads. Not only do these present risks to our children, but they can harbor human trafficking activities that harm people and open the door to other criminal activity.
    If you are unsure about the safety of a particular classifieds site, do your own quick research. Type the site’s name into Google News or Yahoo! News. Are the results filled with news stories about crime? Then stay away. This is a case where no news is good news!

  • pogo the clown

    Selling a $30,000 ring on Craigslist isn’t exactly a brilliant move either. If I was a buyer and saw that on Craigslist, I would think it was “hot”.

    This whole scenario seems to be filled with foolish behavior.

    Then again, I’ve never owned a $30,000 ring and I’ve never been a mobster, so I guess I shouldn’t talk.

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