by newera_212 » Mon Aug 08, 2022 9:01 am
CornerBoy wrote: ↑Mon Aug 08, 2022 8:03 am
Thanks newera- is he still alive? not a clue.
He was big in pump n dump
Someone said or I read there is a book out there about Hanover Sterling w Catoggio and even Rico and Dom in it? Did they use real names or is it a bullshit book that didn't give names or real details. b/c there is some interesting shit if one knew the right ppl. RB worked there and kept his money isteaed of pissing it away at the insistence of his siggy father and is now LOADED from real estate in my current neighborhood. So is this book real or just shit thta has been in newspapers? sorry to change gears
The book is called Born to Steal and it is written by an old Businessweek reporter who kind of was reporting (even though no one wanted to hear it because the market was doing so well) about a lot of chicanery in finance, and stock scams in the late 90s into the early 2000s - from the boiler room to the dot com era. He was one of just a few who had an idea of what was going on in the boiler rooms in NY and was trying to sound the alarm a little bit.
The book is kind of like a biography on some random stock broker who worked at Hanover and about a dozen of other places over the span of 6 or 7 years from what I remember. As far as names go, the book mentions real names in every instance (and it mentions a ton of names) except for the main stockbroker's ex wife, and ex father in law. I'd say it's worth a read, it's kind of interesting.
All that boiler room stuff was a little before my time. I was pretty young. The ones who got away had moved onto Mortgages by the time I was "of age" - even if I was born 15 years earlier there's no way in hell my parents would be okay with me working in a boiler room, no matter how much I was pulling down. I would have gotten my ass beat and thrown out. A lot of those kids working in those places came from not so great situations, or had 1st or 2nd gen American parents who were kind of rubes and were too busy with surviving to ask questions.
Some people got completely hammered. I think the Hanover guy is still in prison. They haven't been operating for like 25 or 26 years. What's crazy is that some people got away and are still working as rip off artists. Stocks over the phone -> mortgages over the phone -> MCA loans over the phone. It's really nuts. A lot of those people are pieces of shit frankly. The person you mentioned by initials is pretty successful and supposedly philanthropic and forward thinking today... I have no idea how he was able to hold on to any of his money. He wouldn't be the first person in America to make a ton of money by fucking people over, and then trying to buy back good karma later in life though - but to me all those guys are scumbags
[quote=CornerBoy post_id=235261 time=1659971031 user_id=5642]
Thanks newera- is he still alive? not a clue.
He was big in pump n dump
Someone said or I read there is a book out there about Hanover Sterling w Catoggio and even Rico and Dom in it? Did they use real names or is it a bullshit book that didn't give names or real details. b/c there is some interesting shit if one knew the right ppl. RB worked there and kept his money isteaed of pissing it away at the insistence of his siggy father and is now LOADED from real estate in my current neighborhood. So is this book real or just shit thta has been in newspapers? sorry to change gears
[/quote]
The book is called Born to Steal and it is written by an old Businessweek reporter who kind of was reporting (even though no one wanted to hear it because the market was doing so well) about a lot of chicanery in finance, and stock scams in the late 90s into the early 2000s - from the boiler room to the dot com era. He was one of just a few who had an idea of what was going on in the boiler rooms in NY and was trying to sound the alarm a little bit.
The book is kind of like a biography on some random stock broker who worked at Hanover and about a dozen of other places over the span of 6 or 7 years from what I remember. As far as names go, the book mentions real names in every instance (and it mentions a ton of names) except for the main stockbroker's ex wife, and ex father in law. I'd say it's worth a read, it's kind of interesting.
All that boiler room stuff was a little before my time. I was pretty young. The ones who got away had moved onto Mortgages by the time I was "of age" - even if I was born 15 years earlier there's no way in hell my parents would be okay with me working in a boiler room, no matter how much I was pulling down. I would have gotten my ass beat and thrown out. A lot of those kids working in those places came from not so great situations, or had 1st or 2nd gen American parents who were kind of rubes and were too busy with surviving to ask questions.
Some people got completely hammered. I think the Hanover guy is still in prison. They haven't been operating for like 25 or 26 years. What's crazy is that some people got away and are still working as rip off artists. Stocks over the phone -> mortgages over the phone -> MCA loans over the phone. It's really nuts. A lot of those people are pieces of shit frankly. The person you mentioned by initials is pretty successful and supposedly philanthropic and forward thinking today... I have no idea how he was able to hold on to any of his money. He wouldn't be the first person in America to make a ton of money by fucking people over, and then trying to buy back good karma later in life though - but to me all those guys are scumbags