Canastra Brothers Offering $93 Million for ‘Codfather’s’ Fishing Fleet

One of the owners of the Whaling City Seafood Display Auction in New Bedford is shedding more light on a proposed deal to buy the “codfather’s” fishing fleet. Carlos Rafael has been sentenced to 46 months in prison for his illegal fishing scheme, and cannot be involved in the fishing industry during that time and three years after his release. In an exclusive interview with WBSM’s Phil Paleologos, Richard Canastra confirms he and his brother, Ray, have entered into a memorandum of agreement with Rafael to buy his business, Carlos Seafood, Inc, for $93 million. Video, click here to read the story 16:41

Deal between Rafael, Canastra brothers worth $93M, still needs government OK – While the Canastras and Rafael have agreed, the deal isn’t complete. NOAA and the U.S. Attorney haven’t taken a final position on the proposed sale, according to court documents click here to read the story21:03