Crime never pays, you will always get what's coming.  The latest made guy to find that hard truth out is Bonanno crime family soldier Ronald Giallanzo.   A lifetime criminal who has been with the Bonannos for over 16 years, Giallanzo been involved in everything from stock schemes to bookmaking.  

In fact, he was arrested along with my old friends John Baudanza, Little Craig Marino and Jerry Degerolamo in 2006 when they were busted for their stock pump-and-dump business.

They stole more the 20 million dollars with their penny stocks.

They used familiar sounding stocks to draw victims to buy them.  They had names like, America's Hedge Fund, Orex Gold Mines Corporation, Legends Sports and Motorsports USA, so you can see how people, mostly a lot of retired senior citizens, would fall for it.

They controlled over 20 brokerage houses where they paid brokers commission, over 25%, to push these so called “house stocks.”  The bonuses were paid in cash because most of these businesses brought in little or no revenue.

Giallanzo’s life of crime seemed to pay off. He made millions over the years, managing sportsbooks for the family.  

He was among those caught by the FBI going to a Bonanno family Christmas party a few years back.  He and most of the others were still on parole, and they had “do not associate” rules in effect.

The FBI set up and used video and still pictures to get a number of the mobsters violated.

Giallanzo had to go before a judge because he still had time on his parole.  The US Attorney wanted him to serve 2 years for the violation.

Giallanzo’s lawyer argued that the same judge had given other men in similar situations a year and a day.  The judge ended up giving him a year and a day.

The Federal government now wants their pound of flesh, so they served Giallanzo legal papers to seize his Queens home.  It's a nice 3,500 square foot home on 86th in Howard Beach.  

It is owned on paper by his wife, but the Feds claim the money to construct, remodel and purchase all came from criminal proceeds. The seizure laws are in favor of the government, because anyone that faces seizure of property must prove that it is not from illegal activity.

Last year Giallanzo’s Uncle Vincent Asaro, who was part of the crew that robbed Lufthansa airlines for 6 million in cash, was acquitted on those charges and murder.  Yet Vincent Asaro and the rest are marked men.

Theodore Persico Sr aka Teddy passed away this week.  He was the brother of imprisoned Colombo family boss Carmine Persico.  He was a capo and part of the ruling panel for the Colombos.  He was also one of the point men during the civil war in the 1990’s.  He was one of the reasons his son Teddy Jr. was so eager to give the go ahead to murder Joe Scopo.  Teddy Jr. gave the order while attending his grandmother's funeral in Brooklyn while on furlough from prison.  

I will write more on Teddy Sr next week.

Goodbye Teddy Persico Sr.

The death of Theodore Persico Sr leaves one brother, Carmine, the boss of the Colombo family.  Brothers Alphonse “Allie Boy” Persico, Carmine “Snake” Persico and Theodore “Teddy” Persico were all three made Colombo family members.  Carmine took over as boss and appointed his brother as underboss, while Teddy was a capo and on the ruling panel that ran the family.

Teddy Sr had a long career in the Colombo family rackets.  He was indicted in the 1980’s for a number of crimes, including loan sharking, gambling and extortion.  When his brother Carmine went away, he was one of those that passed messages to the family.

He was a vital part of Persico faction during the war in the 1990’s and he would end up serving 22 years because of it. The informants claimed that he helped direct the war against the other faction of the family lead by Vic Orena.  

He was not convicted of murder, but many informants placed him at the meetings where they were planned.  He appealed his charges because it was revealed that Greg Scarpa Sr was an FBI informant during the war.  It is funny because the Persicos leaned on Greg’s crew to do most of the killing.  He would also claim there was no war just Greg Scarpa settling scores.

If anyone would like to read more on Greg Scarpa, I suggest the Mafia Hitman's Daughter by Linda Scarpa.  It is a well written book by somebody who was actually there, not one of these phoney writers or talking head TV commentators who do not know anything real about the life.

Teddy Sr was the father of Teddy Jr who ordered a hit while on furlough from prison because the guys tried to kill his father.

Teddy Sr had done the last 6 years of his prison time locked in a medical facility because of his failing health.  

Many people thought he would get out and try to get the Colombos back on track.

Teddy Sr wanted no part of the life when he got out.  I know a guy who was locked up with him in MCC Manhattan.  He didn't want to be bothered by anyone.  He had a corrections officer on the take who would bring him stuff from outside.  The officer would go meet someone at the restaurant Embers in Bay Ridge.

Once Carmine goes, the Colombo family will probably be better off.  Teddy Jr still has some years to serve, and then he will be on parole.  

He would do better to get a job when he gets out than return to being a criminal.

John Gotti, the grandson of the late Gambino Boss John Gotti, was sentenced this week to 8 years in prison for his role in a pill distribution ring.

He flooded the streets with prescription opioid pills over the years.  

He had to forfeit the cash, almost $260,000, seized during his arrests, and he will have 5 years parole when he gets released.

He joins the ranks of many of his male relatives in going to prison.  

How can anyone think that being in organized crime is a good idea?

Teddy Persico Jr: you can still change your life. It is never too late.

Crime does not pay just ask Teddy and Ronald

Crime never pays, you will always get what's coming.  The latest made guy to find that hard truth out is Bonanno crime family soldier Ronald Giallanzo.   A lifetime criminal who has been with the Bonannos for over 16 years, Giallanzo been involved in everything from stock schemes to bookmaking.  

In fact, he was arrested along with my old friends John Baudanza, Little Craig Marino and Jerry Degerolamo in 2006 when they were busted for their stock pump-and-dump business.

They stole more the 20 million dollars with their penny stocks.

They used familiar sounding stocks to draw victims to buy them.  They had names like, America's Hedge Fund, Orex Gold Mines Corporation, Legends Sports and Motorsports USA, so you can see how people, mostly a lot of retired senior citizens, would fall for it.

They controlled over 20 brokerage houses where they paid brokers commission, over 25%, to push these so called “house stocks.”  The bonuses were paid in cash because most of these businesses brought in little or no revenue.

Giallanzo’s life of crime seemed to pay off. He made millions over the years, managing sportsbooks for the family.  

He was among those caught by the FBI going to a Bonanno family Christmas party a few years back.  He and most of the others were still on parole, and they had “do not associate” rules in effect.

The FBI set up and used video and still pictures to get a number of the mobsters violated.

Giallanzo had to go before a judge because he still had time on his parole.  The US Attorney wanted him to serve 2 years for the violation.

Giallanzo’s lawyer argued that the same judge had given other men in similar situations a year and a day.  The judge ended up giving him a year and a day.

The Federal government now wants their pound of flesh, so they served Giallanzo legal papers to seize his Queens home.  It's a nice 3,500 square foot home on 86th in Howard Beach.  

It is owned on paper by his wife, but the Feds claim the money to construct, remodel and purchase all came from criminal proceeds. The seizure laws are in favor of the government, because anyone that faces seizure of property must prove that it is not from illegal activity.

Last year Giallanzo’s Uncle Vincent Asaro, who was part of the crew that robbed Lufthansa airlines for 6 million in cash, was acquitted on those charges and murder.  Yet Vincent Asaro and the rest are marked men.

Theodore Persico Sr aka Teddy passed away this week.  He was the brother of imprisoned Colombo family boss Carmine Persico.  He was a capo and part of the ruling panel for the Colombos.  He was also one of the point men during the civil war in the 1990’s.  He was one of the reasons his son Teddy Jr. was so eager to give the go ahead to murder Joe Scopo.  Teddy Jr. gave the order while attending his grandmother's funeral in Brooklyn while on furlough from prison.  

I will write more on Teddy Sr next week.

Crime does not pay just ask Teddy and Ronald

Crime never pays, you will always get what's coming.  The latest made guy to find that hard truth out is Bonanno crime family soldier Ronald Giallanzo.   A lifetime criminal who has been with the Bonannos for over 16 years, Giallanzo been involved in everything from stock schemes to bookmaking.  

In fact, he was arrested along with my old friends John Baudanza, Little Craig Marino and Jerry Degerolamo in 2006 when they were busted for their stock pump-and-dump business.

They stole more the 20 million dollars with their penny stocks.

They used familiar sounding stocks to draw victims to buy them.  They had names like, America's Hedge Fund, Orex Gold Mines Corporation, Legends Sports and Motorsports USA, so you can see how people, mostly a lot of retired senior citizens, would fall for it.

They controlled over 20 brokerage houses where they paid brokers commission, over 25%, to push these so called “house stocks.”  The bonuses were paid in cash because most of these businesses brought in little or no revenue.

Giallanzo’s life of crime seemed to pay off. He made millions over the years, managing sportsbooks for the family.  

He was among those caught by the FBI going to a Bonanno family Christmas party a few years back.  He and most of the others were still on parole, and they had “do not associate” rules in effect.

The FBI set up and used video and still pictures to get a number of the mobsters violated.

Giallanzo had to go before a judge because he still had time on his parole.  The US Attorney wanted him to serve 2 years for the violation.

Giallanzo’s lawyer argued that the same judge had given other men in similar situations a year and a day.  The judge ended up giving him a year and a day.

The Federal government now wants their pound of flesh, so they served Giallanzo legal papers to seize his Queens home.  It's a nice 3,500 square foot home on 86th in Howard Beach.  

It is owned on paper by his wife, but the Feds claim the money to construct, remodel and purchase all came from criminal proceeds. The seizure laws are in favor of the government, because anyone that faces seizure of property must prove that it is not from illegal activity.

Last year Giallanzo’s Uncle Vincent Asaro, who was part of the crew that robbed Lufthansa airlines for 6 million in cash, was acquitted on those charges and murder.  Yet Vincent Asaro and the rest are marked men.

Theodore Persico Sr aka Teddy passed away this week.  He was the brother of imprisoned Colombo family boss Carmine Persico.  He was a capo and part of the ruling panel for the Colombos.  He was also one of the point men during the civil war in the 1990’s.  He was one of the reasons his son Teddy Jr. was so eager to give the go ahead to murder Joe Scopo.  Teddy Jr. gave the order while attending his grandmother's funeral in Brooklyn while on furlough from prison.  

I will write more on Teddy Sr next week.