Organized crime and Wall Street-Or maybe it’s organized crime mimicking the big time criminals on Wall Street

From the Las Vegas Sun:

 AG: 200 companies under investigation for mortgage fraud

By Cy Ryan (contact)

Monday, Feb. 21, 2011 | 11:12 a.m.

“Masto said that while investigating these mortgage cases, authorities have uncovered other illegal activities in some cases, such as links to child pornography, fake Social Security cards and in one case and individual on the United Kingdom’s mafia top 10 wanted list.

‘In one case there was a blood diamond exchange … a diamond from Africa,’ Masto said.”

What I wrote in 2009:

sUNDAY, FEBRUARY 22, 2009

Long live the Regan Revolution! The one that inspired Nicky Scarfo and Oleg Deripaska.

Whether it is Sicilian, Russian or Mumbai Indian; organized crime knows a good way of making (stealing)money when it sees it. 

Salvatore Pelullo and Nicodemo S. Scarfo and associates were attracted by the new thing called “investment banking” and mortgage derivatives.