Co. He jumped to J. W. Barclay from March 1993 through February 1994, then to Meyers Pollack Robbins through June 1995. A look at the history of these mob-connected brokerage houses shows how they operate within a few blocks of one another in the heart of Wall Street. At 17 State St., from 1993 through 1996, White Rock Investments was a cooperative agreement between the Bonanno, Colombo and Genovese families, according to Brooklyn federal prosecutors. At 30 Broad St., in 1996 and 1997, Meyers Pollack Robbins was controlled by the same allegiance of the Bonanno, Colombo and Genovese families, according to court papers. And most recently, in 1998 through this June, DMN Capital Investments at 5 Hanover Square was run by the Bonanno and Gambino families, an indictment brought by a Manhattan federal grand jury alleges.
Gangsters secretly own stock in worthless companies.
They pay off corrupt brokers and stock promoters to pump up the stock's value by telling unwitting investors a company is about to go public or win a huge contract or be bought out by a major firm. When the value rises significantly, they dump their stocks en masse, forcing the stock value to plummet and leaving in the lurch unwitting investors, who often are senior citizens. When the scheme is exposed, they move on to another questionable firm. They rip people off and they move on before they get caught or sued. Michael Grecco and an unidentified woman leaving the courthouse.