Born to Steal: When the Mafia Hit Wall Street by Gary Weiss 1.03

Born to Steal: When the Mafia Hit Wall Street
Gary Weiss
Grand Central Publishing
May 1 2003

This account of the Mafias infiltration of Wall Street uses as its chief source a fast-talking Staten Island kid named Louis Pasciuto who, from age 19-25, moved stocks for 17 different brokerage houses--most of that time without even a fake license. Louis was the consummate liar, selling overpriced and phantom stocks to naive Americans and leading a lifestyle worthy of Caligula. To avoid a long prison sentence, he ultimately became a witness for the state. Among the books scenes: morning pep rallies filled with Dr. Seuss poetry and "Rocky" theme music; tie-em-up-in-knots cold-call sessions that netted for each hood-broker as much as $500,000 per month; 36-hour cocaine binges; orgies; and tussles with Mafia thugs toting Mac 10 machine pistols.

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