Jul.03, 2010, 2:34 PM

MIAMI, July 3 (UPI) -- An Italian national pleaded guilty in Miami to money-laundering charges stemming from an investment scam.

U.S. prosecutors dropped 10 counts against Antonio Tricamo, a reputed friend of Italian mobster Roberto Settineri and former employee of a New York restaurant owned by the Gambino crime family.

The Miami Herald said Saturday that Settineri and Tricamo were arrested as part of an investigation into a $1.2 billion investment scheme. Tricamo was accused of shredding documents in the case.

Tricamo will face up to 20 years in prison when he is sentenced Oct. 22.