Alan Longo
Encyclopedia
Alan "Baldie" Longo is an alleged Brooklyn
mobster and acting caporegime
in the New York Genovese crime family
who became heavily involved in stock fraud schemes.
section of Brooklyn. During the 1990s, Longo's capo Alphonse Malangone
began a lucrative stock scams on Wall Street
with DeCavalcante crime family
capo Philip Abramo
. The mobsters earned their crime families millions of dollars. Longo and Abramo were involved in manipulating the Initial Public Offering
(IPO) of Mayfair stock. Investigators alleged that Longo and Abramo came to dominate and control Bahamian companies involved in financing such IPOs and similar transactions.
acting boss Alphonse Persico were indicted on racketeering charges, including charges of pump-and-dump
scams and loansharking. Prosecutors gathered much of their evidence through the undercover work of mob informant Michael D'Urso. D'Urso wore a wire during a four-hour sitdown meeting with Longo at a cafe concerning Longo's influence at the Fulton Fish Market
. Longo also indicated that he planned on meeting with Persico upon his release from prison regarding money owed to the Genovese family by the Colombos for crimes committed at the Market.
During one taped conversation, Longo made the following observation about the Genovese Family:
Longo was convicted and sentenced to 11 years in federal prison. Longo was released from federal Correctional Institution (FCI) Williamsburg in Salters, South Carolina
on November 24, 2010.
Brooklyn
Brooklyn is the most populous of New York City's five boroughs, with nearly 2.6 million residents, and the second-largest in area. Since 1896, Brooklyn has had the same boundaries as Kings County, which is now the most populous county in New York State and the second-most densely populated...
mobster and acting caporegime
Caporegime
A caporegime or capodecina, usually shortened to just a capo, is a term used in the Mafia for a high ranking made member of a crime family who heads a "crew" of soldiers and has major social status and influence in the organization...
in the New York Genovese crime family
Genovese crime family
The Genovese crime family , is one of the "Five Families" that dominates organized crime activities in New York City, United States, within the nationwide criminal phenomenon known as the Mafia . The Genovese crime family has been nicknamed the "Ivy League" and "Rolls Royce" of organized crime...
who became heavily involved in stock fraud schemes.
Stock scams
Longo ran his Brooklyn rackets out of a social club in the Carroll GardensCarroll Gardens, Brooklyn
Carroll Gardens is a neighborhood in the New York City borough of Brooklyn, USA. The area is named for Charles Carroll, a revolutionary war veteran who was also the only Roman Catholic signer of the Declaration of Independence...
section of Brooklyn. During the 1990s, Longo's capo Alphonse Malangone
Alphonse Malangone
Alphonse "Allie Shades" Malangone is a New York City mobster and caporegime in the Genovese crime family. Malangone controlled a good portion of the Genovese interests in the Fulton Fish Market, while dabbling in pump and dump stock scams on Wall Street and controlling Brooklyn's garbage hauling...
began a lucrative stock scams on Wall Street
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...
with DeCavalcante crime family
DeCavalcante crime family
The DeCavalcante crime family is an organized crime family that controls organized crime activities in Elizabeth, New Jersey and surrounding areas in the state, despite operating on the other side of the Hudson River in New York, within the nationwide criminal phenomenon known as the American Mafia...
capo Philip Abramo
Philip Abramo
Philip Abramo , also known as "The King Of Wall Street", "Lou Metzer" is a caporegime in the New Jersey DeCavalcante crime family who was allegedly involved in security fraud and murder. Abramo was a capo of the DeCavalcante family's crew in Miami, Florida.-Early years:Born in New York, Abramo...
. The mobsters earned their crime families millions of dollars. Longo and Abramo were involved in manipulating the Initial Public Offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
(IPO) of Mayfair stock. Investigators alleged that Longo and Abramo came to dominate and control Bahamian companies involved in financing such IPOs and similar transactions.
Acting capo
On April 25, 2001, Longo and Colombo crime familyColombo crime family
The Colombo crime family is the youngest of the "Five Families" that dominates organized crime activities in New York City, United States, within the nationwide criminal phenomenon known as the Mafia ....
acting boss Alphonse Persico were indicted on racketeering charges, including charges of pump-and-dump
Pump and dump
"Pump and dump" is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price....
scams and loansharking. Prosecutors gathered much of their evidence through the undercover work of mob informant Michael D'Urso. D'Urso wore a wire during a four-hour sitdown meeting with Longo at a cafe concerning Longo's influence at the Fulton Fish Market
Fulton Fish Market
The Fulton Fish Market is a fish market in The Bronx, New York, United States. It was originally a wing of the Fulton Market, established in 1822 to sell a variety of foodstuffs and produce...
. Longo also indicated that he planned on meeting with Persico upon his release from prison regarding money owed to the Genovese family by the Colombos for crimes committed at the Market.
During one taped conversation, Longo made the following observation about the Genovese Family:
"Don't let anyone tell you we're dead," Longo said. "We're not. Because Vito GenoveseVito GenoveseVito "Don Vito" Genovese was an Italian mafioso who rose to power in America during the Castellammarese War to later become leader of the Genovese crime family. Genovese served as mentor to future mob boss Vincent "The Chin" Gigante...
ain't here no more, Vincent GiganteVincent GiganteVincent Gigante was a short lived professional light heavyweight boxer who was known as "The Chin" Gigante. He fought 25 matches and lost four, boxing 121 rounds. On February 19, 1945, he fought Pete Petrello in Madison Square Garden and won by a knock out in the second round. During his successful...
is. We're here."
Longo was convicted and sentenced to 11 years in federal prison. Longo was released from federal Correctional Institution (FCI) Williamsburg in Salters, South Carolina
Salters, South Carolina
Salters is a small unincorporated community in the southwest central portion of Williamsburg County, South Carolina, United States, in the state's Low Country region. The zip code is 29590 and the area code is 843. Charleston, South Carolina and Myrtle Beach, South Carolina are within driving...
on November 24, 2010.