Updated news on the Gambino, Genovese, Bonanno, Lucchese and Colombo Organized Crime Families of New York City.

Monday, June 14, 2010

Ex-Con: Social Security Is A Ponzi Scheme

The Daily News takes a look at the tea party movement in New York City, and notes that one of the activists from Staten Island is Robert Dacunto who was arrested in June 2000 for his alleged role "in a $3.1 million Mafia stock scam" as reported by Doug Feiden:
Federal prosecutors said Dacunto, as a licensed broker, took bribes to tout stock in worthless companies. Gangsters in on the caper sold their insider shares when the value peaked, leaving the victims - many of them senior citizens - penniless. Prosecutors said he reported to a Genovese crime family associate and pocketed $112,000 in ill-gotten gains. He pleaded guilty to four counts of conspiracy in 2001.


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