New York: Zaccaro Pays the Price

Zaccaro Pays the Price

At the Democratic Convention in San Francisco last summer, John Zaccaro stood proudly beside his wife Geraldine Ferraro, first woman ever nominated by a major party to run for U.S. Vice President. Privately, too, he was doing well; the couple had a net worth of about $4 million, stemming largely from his New York real estate business. But in the glare of the Ferraro campaign, his financial dealings came under harsh scrutiny. Last week Zaccaro was arrested and ushered into Manhattan Criminal Court, where he pleaded guilty to a misdemeanor charge. An indictment accused Zaccaro of scheming to defraud during a...

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