Weiss, a business journalist, tells the fascinating story of Louis
Pasciuto, a man "born to steal," who grew up in the Wall Street Mafia,
was caught by law enforcement at age 25, and then turned against his
former accomplices. With engrossing detail, we learn about the degraded
life of Pasciuto as he moved from a gas station attendant to a Wall
Street stockbroker in 1992. With lies and schemes that bilked naive
investors of untold sums, he worked for chop shops (which looked like
brokerages and were registered but sold usually worthless stocks) and
bucket shops (which pretended to sell stocks), and in turn was bullied
by gangsters who wanted their share. This description of the Mafia's
infiltration of Wall Street is a tale of thievery in the 1990s on
a scale never before seen. When caught by federal agents, he joined
their efforts against the "Guys" in exchange for the government's
Witness Protection Program. This story clearly illustrates that truth
is better than fiction.
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