Dominic Verdi appears in federal court, pleads not guilty

PHILADELPHIA - April 2, 2014

He was indicted Tuesday on federal extortion and fraud charges.

Prosecutors say Verdi used his position to protect businesses that bought from his beer distributorship in South Philadelphia.

If convicted, Verdi faces a maximum possible sentence of 140 years in prison, three years supervised release, a maximum fine of $1.75 million, and a $700 special assessment.

He was released on $25,000 unsecured bail.

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