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MASSACHUSETTS: GBH News to Premiere New Podcast: Catching The Codfather

January 28, 2026 — GBH News today announced the upcoming premiere of Catching The Codfather, a new podcast from the Peabody Award-winning team behind The Big Dig and Scratch & Win. Catching The Codfather traces the true-crime story of New England fishing tycoon Carlos Rafael, his controversial rise, and the federal sting operation that finally brought him down exactly 10 years ago this month. The six-part limited series, the latest season of GBH News’ The Big Dig™ podcast, is hosted by Ian Coss, produced by GBH News and brought to listeners in partnership with PRX. Episodes will drop weekly starting on Feb. 11.

He was a millionaire, a community pillar, and the “Codfather” of New England’s fishing fleet. But behind the scenes, Rafael was running one of the most brazen fishing frauds in U.S. history. The story begins in 1976, when a dispute over international waters sowed the seeds of both an environmental crisis and Rafael’s eventual fishing empire in New Bedford, Mass. But as government regulations ratcheted up, Rafael made a grim prediction: fishermen would either go bankrupt or become outlaws.

“The Codfather story presents a complicated case where food, culture, the environment, and the lives of working people all collide,” said lead producer and host Ian Coss. “At a time when the very idea of ‘government regulation’ is highly polarized, my hope is that this series will make listeners question their own assumptions. Was Carlos Rafael justified in breaking the law? Has government regulation of fishing caused more harm than good? And who is ultimately responsible for the collapse of this legendary industry?”

Read the full article at GBH

MASSACHUSETTS: The Codfather’s 2nd act: ‘I’m the bank now’

July 10, 2024 — Carlos Rafael made an offer the bank couldn’t refuse.

It was February 2021, and Rafael, the infamous New Bedford fishing mogul known as “the Codfather,” was serving out the final stretch of an almost four-year prison sentence. He and his two daughters placed a $770,000 bid to acquire the Merchants National Bank building in downtown New Bedford.

The historic sandstone building with tall, arched windows and an ornate ceiling no longer functions as a commercial bank. It’s vacant, and there is no money locked behind its heavy, iron vaults. But for the 71-year-old Rafael — flush with more than $70 million in cash from the court-mandated sale of his fleet and barred from ever again involving himself in the commercial fishing industry — acquiring the bank set the stage for a second act.

Three years after his release from prison, Rafael, still banned from owning fishing vessels, has embarked on a different business venture: a multimillion-dollar real estate financing operation sprawling across New Bedford and its suburbs.

“I’m the bank now,” Rafael said in a recent interview, leaning back in his dark leather office chair in his South End industrial warehouse. The wall behind him was adorned with paintings of Catholic saints, multiple sketches of Tony Montana (Al Pacino’s gangster protagonist in “Scarface”) and a sea-green miniature replica of one of the three-dozen fishing vessels once part of his fabled fleet.

Read the full article at the New Bedford Light

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