Pump and dumps that sort of thing? Seems like maybe not since the turn of the century, I know the Bonnano's were making a lot until the Massino regime was brought down.

I would have to say probably and as well as real estate fraud and the market is starting to heat up again, and it will be interesting to see if the new federal regulations will catch mortgage loans and who they lend to before the market goes crazy again

Nicky Scarfo Jr scam was into the stock. / corp looting scam

I know he got busted as his associate was acting like a clown but you have to

Give credit to a brilliant move and huge $ maker .

Now if this was a Westside thing, everything would have stopped at the associate

And the story would have got a short blurb .

However Scarfo move is a a play book for others and rest assured this is generally a copy cat league . Buy shares legally , enough to control the BOD and then expense it like crazy. It's really no different to a bust out of small business that got in over his head with gambling

This scam is very doable but of it were me , it would be on an industry different than banking , investment advisory , brokerage etc., no 2nd set of regulatory eyes but this stuff is going on as we speak and by people we consider respectable civilians . Geez just look at all the biotech blowups , those stock can jump 50% on a rumor ( with no revenue no less ). Their is a sub section within investment banking ( called stock pumpers or promoters ) that specialize exactly on this type of scam and will likely never see a day of jail .

Spend a reading a quarterly report of a short only hedge funds that specialize in micro or small caps .

The crazy part is even the super rich and best investors on the US sometimes fall victim, read up on Chinese reverse mergers . The billionaire John Paulson himself ( and his flagship fund investors ) was the biggest investor in a Chinese forest / lumbar company that lost over 90% in 1 day because it turned out the company basically didn't exist but on paper .

Right on DB: And that's just what he got busted for,not the the things you never knew about.He did better then all of Philly since his dad.
He did better then most of the Luccheses on the street(not Crea or a couple old heads)and he would have been on a roll if he did not let a old friend do what he did and got them all put away.
You have to remember he had no mentor after he was a very young man,and he still made these guys look like just bookies....
That Sal should have been quieted way back .

Is water wet?

Prior to Madoff and the market collapse in 2008, white collar crime did not carry long sentences. Read 'Den of Thieves', Michael Milken, the junk bond king who made billions, got a year in prison and paid a $100 million dollar fine. Now he is regarded as a hot shot philanthropist and is on TV all the time but he stole billions of dollars from people.

Madoff/Bear Stearns kind of changed everything in terms of sentencing. Now you can expect to get 20 years and the government still has a hard on for these types of crimes.

I have heard people have been doing this real estate thing, offering to bail out distressed home owners and stealing their home outright or giving them loans with conditions that the borrower can never meet and then foreclosing.

Follow twitter on stocks and you could find some answers

But their are much much much bigger fish to fry for sec and Doj . It's not a LE priority for CN nor should it be anymore, waste of time wasting 10 guys and 5 million dollars on small scores . Cowboy days are over and have been

But I will agree with some about the real estate thing

The ones that understand that have done very very well

Some have done well