Mafia Takes Over Publicly Traded Company

[Are_grits_groceries]

As Occupy Wall Street protestors chant about the criminals in the boardroom, actual thieves -- including men associated with the mafia -- have spent years quietly running FirstPlus Financial Group (FPFX), a Texas-based company and a one-time subprime lender that boasted former Vice President Dan Quayle as a board member, and used NFL Hall of Famer Dan Marino in its ads.
On Tuesday, Nicodermo S. Scarfo, a made man within the Lucchese organized crime family, was arrested at his home. He's one of 13 men charged with the illegal takeover of the publicly traded company, among other racketeering charges. "The defendants gave new meaning to 'corporate takeover,' " said U.S. Attorney Paul Fishman.
http://www.huffingtonpost.com/2011/11/01/mafia-takes-over-publicly-traded-company_n_1070434.html

I don't condone the Mafia, but I would much rather read about some Wall Street firms and their overlords being given the same treatment. I dare say that what the Mafia did varied little in many ways than what WS did.

[ret5hd]

1. What, exactly, did they do that was illegal? The linked article doesn't say.

[Are_grits_groceries]

2. Try this link to the original article:

http://www.dailyfinance.com/2011/11/01/mafia-takes-over-publicly-traded-company/

[ret5hd]

3. thnx.

[marmar]

4. The Mobsters have nothing on the Banksters when it comes to shakedown tactics.

nt

[Blue_Tires]

5. So nothing has really changed on the board of directors?