homesick

Everyone Gather Round, You Might Learn Something

John Baudanza, an associate with the Lucchese crime family, one of the “Five Families” that runs New York, was sentenced to seven years in prison, for his part in a $20 million pump-and-dump scam. The racketeering ring, which Baudanza had help running with nine other colleagues from the Bonanno and Colombo families, employed all tactics you’d expect of any good P ‘n D, and as well as a few slightly more colorful ones, including “beating a broker with a bat and then stabbing him in the head,” “pummeling” a phone solicitor with a golf club, and kidnapping a stock promoter and “chaining him to a parrot until he paid an alleged debt.” The whole thing was based out of Staten Island, and operated from 1994 until 2005. The take away here is that whereas your average crooks can typically only keep these things going for one to two years max, these guys did it, and did it well, for over a decade, without getting caught. And also that Italian mafiosos + their Jew accountants = unstoppable combination. Stevie Cohen knows what we’re talking about.
Hedge Fund Mobster Gets Seven Years [FINalternatives]
John Baudanza [Wikipedia]