SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Casavant Mining Kimberlite International (CMKM)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rrufff who wrote (1834)3/25/2006 11:19:21 AM
From: StockDung  Read Replies (1) of 2595
 
A Blast From the Past
garyweiss.blogspot.com
Friday, March 24, 2006
A Blast From the Past

Yesterday the U.S. Attorney's office in Brooklyn rounded up a gaggle of alleged Mafia-linked wiseguys who ran boiler rooms a few years ago. Here's a New York Post story.

What's I found interesting about yesterday's arrests is that these are some of the same people I wrote about in Business Week slightly over eight years ago. Here's a link to my BW story.

This shows you how long it can take for the feds -- and Eastern District prosecutors are a top-notch bunch, by the way -- to make a case against alleged securities crooks. It also shows the resilience of the individuals involved. These guys allegedly continued to rip off investors even after their chief reputed Mob connection -- John Baudanza -- appeared in my story. Some of the scams described in the indictment were chugging along in 2000, nearly three years afterwards.

Two of the firms mentioned in the indictment, TYM and Amerivet, also made appearances in my 2003 book Born to Steal. But the reputed Pennsylvania wiseguy who I connected to those firms in the book, Ralph Torrelli, was not named in yesterday's indictments.

-----------

Wall Street Versus America will be published by Penguin USA on April 6.
Click here for its Amazon.com listing and here for more information on the book, from my web site.

posted by Gary Weiss @ 1:03 PM Comment (1) | Trackback (0) links to this
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News