TY  - JOUR
AB  - Focuses on the infiltration of the US stock market by organised crime in the shape of La Cosa Nostra (LCN). Defines what organised crime is and goes on to the history of Cosa Nostra, its reasons for tackling Wall Street and how it does this, analysing two specific cases of infiltration: Mob Stocks and Operation Uptick. Describes the various sectors of the securities market involved: the over‐the‐counter market, penny stocks, and chop stocks. Shows how LCN has invaded securities schemes, including trading scams and brokerage scams; its techniques include protection rackets, hidden ownership, and “pump and dump” schemes, but violence remains as the last resort. Assesses the scope of the corruption and whether organised crime is really a threat to the stock market.
VL  - 11
IS  - 4
SN  - 1359-0790
DO  - 10.1108/13590790410809275
UR  - https://doi.org/10.1108/13590790410809275
AU  - Kevin Carwile P.
AU  - Hollis Valerie
PY  - 2004
Y1  - 2004/01/01
TI  - The mob: from 42nd Street to Wall Street
T2  - Journal of Financial Crime
PB  - Emerald Group Publishing Limited
SP  - 325
EP  - 341
Y2  - 2024/04/25
ER  -