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.
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