Born to Steal: When the Mafia Hit Wall Street

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Grand Central Publishing, May 1, 2003 - Business & Economics - 384 pages
The true story of Staten Island badboy Louis Pasciuto's meteoric rise to the top of Wall Street's notorious chop houses-by the award-winning journalist who broke it.
Hood brokers. Monthly million dollar paychecks. Thirtysix hour cocaine binges. "Rocky" themed pep rallies. Run-ins with Mafia thugs toting Mac 10 machine pistols. This was the life of LouisPasciuto, a fast-talking Staten Island kid who, from the age of19 to 25, moved stocks for 17 different brokerage houses- most of that time without even a fake license. This inside account of the Mafia's infiltration of Wall Street details Louis' career as the consummate liar, selling phantom stocks to naive Americans and leading a lifestyle worthy of Caligula. To avoid a long prison sentence, Pasciuto eventually turned state's witness.
Now, Gary Weiss shares the inside story of Wall Street's notorious "chop houses," the crooked Mob-run brokerages where rampant thievery netted several billion dollars from gullible investors.
 

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BORN TO STEAL: When the Mafia Hit Wall Street

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Before the masters of Enron and WorldCom ripped off innocent investors, there were the connected "Guys" in bucket shops and chophouses. Here, Business Week reporter Weiss follows the adventures of one ... Read full review

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Numbers Shylock and Mr Stan Diamond District .

Contents

Copyright
CHAPTER
CHAPTER FIVE
CHAPTER NINE
CHAPTER THIRTEEN
Copyright

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About the author (2003)

Gary Weiss is an investigative reporter for BusinessWeek whose series on the Mafia and Wall Street was a finalist for the National Magazine and Gerald Loeb Awards and the winner of the Deadline Club Award. His articles, which were the basis for this book, led directly to dozens of government indictments.

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