Galveston business entangled in net of fraud allegations and whistleblowers
A shrimp business and former market that has been a cornerstone of Galveston for more than 45 years is in the muck, as it and its parent company are mired in a number of lawsuits alleging everything from fraud to shorting an employee. Galveston Shrimp Company was founded in 1978 by Sicilian immigrant Rosario Cassarino. For nearly 20 years, Rosario and wife Giovanna sold fish and shrimp that was brought onto the island. Their son Nello Cassarino assumed a leadership role in Galveston Shrimp Co. in 1994, and in 2011 he re-formed the company under the umbrella of Pacific Seafood, a family-owned market and business out of Portland, Ore. But now there’s a rift between Cassarino and Pacific Seafood, which owns 80 percent of Galveston Shrimp Co. According to ongoing litigation as reported by the Galveston Daily News, Cassarino is suing Pacific Seafood for $1 million, accusing the company of shorting him on revenue and self-dealing. Cassarino originally filed the lawsuit in Texas in 2023, but a judge moved the suit to Oregon. More, >>CLICK TO READ<< 10:04
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