Alan Longo (born April 2, 1950) also known as Baldie is an American mobster and a former

caporegime A caporegime or capodecina, usually shortened to capo or informally referred to as "captain" or "skipper", is a rank used in the Mafia (both the Sicilian Mafia and Italian-American Mafia) for a '' made member'' of an Italian crime family who he ...

in the

Genovese crime family The Genovese crime family, () also sometimes referred to as the Westside, is an Italian-American Mafia crime family and one of the "Five Families" that dominate organized crime activities in New York City and New Jersey as part of the American M ...

Stock scams

Longo ran his Brooklyn rackets out of a social club in the

Carroll Gardens Carroll Gardens is a neighborhood in the northwestern portion of the New York City borough of Brooklyn. Taking up around 40 city blocks, it is bounded by Degraw and Warren Streets (north), Hoyt and Smith Streets (east), Ninth Street or the G ...

section of Brooklyn. During the 1990s, Longo's capo

Alphonse Malangone Alphonse may refer to: * Alphonse (given name) * Alphonse (surname) * Alphonse Atoll, one of two atolls in the Seychelles' Alphonse Group See also *Alphons *Alfonso (disambiguation) Alfonso (and variants Alphonso, Afonso, Alphons, and Alphonse) i ...

began a lucrative stock scams on Wall Street with

DeCavalcante crime family The DeCavalcante crime family, also known as the North Jersey Mafia, is an Italian-American Mafia organized crime family that operates mainly in northern New Jersey, particularly in Elizabeth, Newark, West New York, and various other North Jer ...

capo

Philip Abramo Philip Abramo (born 1945), also known as "The King of Wall Street" and "Lou Metzer", is a caporegime in the New Jersey DeCavalcante crime family who was allegedly involved in security fraud and murder. He is the capo of the DeCavalcante family's cr ...

. The mobsters earned their crime families millions of dollars. Longo and Abramo were involved in manipulating the

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

(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 family The Colombo crime family (, ) is an Italian American Mafia crime family and is the youngest of the "Five Families" that dominate organized crime activities in New York City within the criminal organization known as the American Mafia. It was duri ...

acting boss Alphonse Persico were indicted on racketeering charges, including charges of

pump-and-dump Pump and dump (P&D) is a form of securities 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. Once the opera ...

scams and

loansharking A loan shark is a person who offers loans at extremely high interest rates, has strict terms of collection upon failure, and generally operates outside the law. Description Because loan sharks operate mostly illegally, they cannot reasonably ...

. 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 The Fulton Fish Market is a fish market in Hunts Point, a section of the New York City borough of the Bronx, in New York, United States. It was originally a wing of the Fulton Market, established in 1822 to sell a variety of foodstuffs and p ...

. 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 Genovese Vito Genovese (; November 21, 1897 – February 14, 1969) was an Italian-born American mobster who mainly operated in the United States. Genovese rose to power during Prohibition as an enforcer in the American Mafia. A long-time associate and chi ...
ain't here no more,
Vincent Gigante Vincent Louis Gigante (; March 28, 1928 – December 19, 2005), also known as "The Chin", was an American mobster who was boss of the Genovese crime family in New York City from 1981 to 2005. Gigante started out as a professional boxer who fough ...
is. We're here."

Longo was convicted and sentenced to 11 years in federal prison. Longo was released from

Federal Correctional Institution, Williamsburg The Federal Correctional Institution, Williamsburg (FCI Williamsburg) is a medium-security United States federal prison for male inmates in Salters, South Carolina. It is run by the Federal Bureau of Prisons, a division of the United States Depar ...

(FCI Williamsburg) in

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 ...

on November 24, 2010.Federal Bureau of Prisons Inmate Locator Website
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External links

References

{{DEFAULTSORT:Longo, Alan 1950 births Living people American gangsters of Italian descent Genovese crime family People convicted of racketeering American people convicted of fraud