The group used crooked brokers to push bad stocks and then kept the brokers in line with beatings and threats of violence, authorities said. “The large percentage of these victims were senior citizens were told they could expect a 100 percent return on their investment,” Mawn said. The indictments also charge that the two senior officers of the Ranch*1 fast-food chain are mobbed-up Colombo crime-family associates who swindled investors with their company’s stock.īarry Mawn, head of the FBI’s New York office, said the group targeted elderly people with promises of easy money. White called DMN an “investment banker to the crooked and the corrupt.” She said the company offered “its services to anyone and any deal as long as it was illicit.”

The venture involved creation of a company, DMN Capital Investments, court papers said, to scam roughly $50 million from unsuspecting investors. Attorney Mary Jo White said the five-year securities-trading scheme was a “joint venture” by the city’s five mob families, and was masterminded by Bonanno family capo Robert Lino.

The cop, now-retired Detective Stephen Gardell, also arranged to get gun-carrying permits and coveted city parking permits for mobsters, according to court papers unsealed yesterday. The feds say Operation “Uptick” – which involves the largest number of defendants ever in such a case – even snared a corrupt NYPD union official who betrayed sensitive investigations of mobsters in exchange for a swimming pool and a fur coat. history was crushed yesterday after federal agents rounded up more than 100 mobsters, brokers and swindlers, officials said – and more arrests are on the way.

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