Stock Fraud, I was in the Mafia. We had all kinds of Schemes on WallStreet.
Wait the Mafia in involved with WallStreet...Like the NYSE?
Yeah, with the billions of Dollars worth of Trade that goes on in the New York Stock Exchange. The Mafia bosses saw a good money maker.
What kinds of schemes did you guys actually do?
We had many, Diffrent Schemes, one was called Pump and Dump.
A Pump and Dump scheme is when we produce fake, paper work for the stock, like Income statements. Or Balance Sheets. This essentaly creates a Bull market for just that stock, The price goes up immencly. once we sell the over priced stocks, the Stock then Changes from a Bull market to a Bear market, and the price drops.
*I know Bull and Bear markets, are for the market as a whole. Im trying to relate
Wow you guys had a lot of schemes on the Stockmarket.
We would also extort a companies IPO so that we become Shareholders in a lot of the new stocks that are coming out.