>>>>>>>>>>>>>If that is the case, what is keeping
this stock at its current levels?<<<<<<<<<<<<<<<<
How the Mob Makes Money on
Wall Street
TRADING SCAMS
THE BOX: Mob-affiliated traders control the market for a stock and its
price by trading it among themselves--enforcing their control through
bribery, violence, and intimidation. They then unload the stock on the
public at an inflated price and, sometimes, sell it short to profit when the
shares go bust.
REGULATION S: Through offshore accounts, Mob members illegally
buy cheap stock issued under Regulation S of the securities
laws--supposedly reserved only for foreign investors. The cheap stock
is sold on the open market at vast, riskless markups.
FLIPPING: Mobsters, through front men, quickly unload, at inflated
prices, stocks that are the subject of hot IPOs issued by firms they
control.
BROKERAGE SCAMS
HIDDEN OWNERSHIP: Through front men who have no criminal
records, the Mob controls, or has hidden ownership stakes in, at least
two dozen NASDAQ brokerage firms.
TRIBUTE: Mob members get kickbacks from brokerages for protecting
them from shakedown attempts by other mobsters.
EXTORTION: Mobsters, working with short-selling confederates,
demand payments in return for not shorting the stocks issued by
penny-stock and microcap brokerages.
DATA: BUSINESS WEEK |
