In the Shadows of the Small-Cap Market PHIL ABRAMO: Abramo is described by sources as controlling at least four brokerage firms and is identified in court documents as a capo in the DeCavalcante organized crime family. He recently pleaded guilty to one count of tax evasion, for which he faces one year in prison. He is scheduled to report on Jan 7. THOMAS QUINN: The multinational stock honcho allegedly has ties to Phil Abramo. Quinn was sued by the SEC for securities fraud in 1989 and owes massive civil penalties. DOMINICK "BLACK DOM" DINASSIO: He controls broker Euro-Atlantic, say Street sources. A short-seller told police Dinassio threatened him for trading a Euro-Atlantic stock. ALPHONSE ''ALLIE SHADES'' MALANGONE: To law enforcement, Malangone is an alleged loan shark, gambler, and longtime power behind Mob control of New York's Fulton Fish Market. To Wall Streeters, he is a sophisticated trader who is an expert at working the spreads--getting in at the bid price and exiting at the ask price. ALAN LONGO: Malangone's right-hand man is described by sources as a heavy gambler who, along with Malangone, maintained control of the now-defunct penny-stock firm of Hanover Sterling through their links to Roy Ageloff. JOHN ''SONNY'' FRANZESE: Sources say Franzese joined the Mob's rush to the stock market after his 1994 parole from a 50-year term for bank robbery. The 77-year-old kingpin was recently found to have violated the terms of his parole and was ordered back to prison. ROY AGELOFF: Sources say he's the power behind PCM Securities. He allegedly ''persuaded'' a trader to drop a stock by inviting him to his office, where the trader was beaten. JOHN GOTTI JR.: The reputed New York Mob boss would have profited nicely from an IPO of an Italian ice maker. The canceled offering's shares traded high the first day. Return to main story

Updated June 14, 1997 by bwwebmaster
Copyright 1996, by The McGraw-Hill Companies Inc. All rights reserved.
Terms of Use