Tuesday, April 7, 2009

Alan "Baldie" Longo caporegime

Alan "Baldie" Longo (born April 2, 1950) is a Brooklyn mobster and caporegime in the New York Genovese crime familywho became heavily involved in stock fraud schemes.
Longo ran his Brooklyn crew out of a social club in the Carroll Gardens section of Brooklyn. During the 1990s, Longo, his mob superior Alphonse Malangone and DeCavalcante crime family captain Philip Abramo organized lucrative stock scams on Wall Street, earning the men and 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.
On April 25, 2001, Longo and Colombo crime family acting boss Alphonse "Allie Boy" Persico were indicted on racketeering charges, including charges of pump-and-dumpscams 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.
Longo was convicted and sentenced to 11 years in federal