This is 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. Thirty-six hour cocaine binges. "Rocky" themed pep rallies. Run-ins with Mafia thugs toting Mac 10 machine pistols. This was the life of Louis Pasciuto, a fast talking Staten Island kid who, from the age of 19 to 25, moved stocks for 17 different brokerage houses - most of the time without 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 became state witness. Now, Gary Weiss shares the inside story of Wall Street's notorious "chop houses", best known as the crooked Mob-run brokerages, where rampant thievery netted several billion dollars from gullible investors.
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Gary Weiss is an investigative reporter for Business Week whose series on the Mafia and Wall Street was a finalist for National Magazine Award and many more. His articles, which were the basis forthis book, led directly to dozens of government indictments.From AudioFile:
Follow the checkered career of one Louis Pasciuto, a New Jersey nobody who falls in love with sleazy junk stock dealing at age 18 and begins cleaning up by cleaning suckers out. Before you can say Rolex, he's driving slick cars and living the high life of a lowlife who has more money than he can deal with. The story arc is reminiscent of Scorsese's GOODFELLAS, with the protaganist finding himself in over his head with the Mob. It's all gripping work by actor Frank Whaley, who effortlessly downshifts to Pasciuto's Jersey whine whenever it's called for. Fast-moving, tragic, funny, highly entertaining. D.J.B. © AudioFile 2003, Portland, Maine-- Copyright © AudioFile, Portland, Maine
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