Born to Steal: G. Weiss Monday, December 15, 2008
Posted by ei-forum in Book Reviews.trackback
Not really and investment book or guide but still a great read!
Gary Weiss recounts the story of Louis Pasciuto who went from just being a kid on the street to a million dollar earning ‘not-so-legit’ broker connected to the Mafia in just a couple of years.
The tale has it all: the money, the power, the strippers, celebrities, mafia beatings, wise guys, etc.. and as usually happens, Louis ended up being just another bright but shooting star, finally having to become an FBI informant to safe his own life…
The book offers a different look into Wall Street and what role the Mafia played in chop shops (basically, fake brokerages pumping/selling penny stocks), bucket shops and in the overall scheme of things. In certain ways it is similar to the tales of the real Wall Street from the 80s but the main difference here is that it shows you the other side of the Street, the one controlled but the Mafia but in a strange kind of way (apart from the beatings and other obviously violent/illegal activities), there are quite a few similarities.
Definitely worth reading – Enjoy!
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