All 19 Ways The New York Mafia Makes Money | How Crime Works | Insider

Former New York Mafia made member John Pennisi speaks to Insider about all the ways the mob make their money.
00:00 - Intro
00:09 - Range Rover Scam
00:53 - Legitimate Businesses
01:39 - Food Industry
02:46 - Hollywood
03:02 - Sanitation Industry
03:30 - Money Laundering
04:03 - Insider Trading
04:22 - Counterfeiting
04:49 - Cryptocurrency
05:16 - Loan sharking
05:39 - Gambling
06:27 - Online Gambling
06:55 - Gun Trafficking
07:25 - Drug Dealing
07:40 - Prostitution
07:55 - Sex Calls Hotlines
08:11 - Extortion
08:59 - Construction Industry
09:38 - Fiber Optics
10:10 - Outro

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All 19 Ways The New York Mafia Makes Money | How Crime Works | Insider

[matt]

If you didn’t know any better, you would think he was talking about members of congress.

[dirtylemon]

I worked for the Attorney General's office in New Jersey. After Hurricane Sandy, because of all the debris I called some of the "carting companies" who deal with garbage and trash removal. Everybody I called was like an audition for a Scorsese movie. It was hilarious when I said I was calling from the Attorney Generals office. "I don't know nuttin', ah-ight?"

[btokes]

Gotta love mafia types; "we live by a code we have morals" while scamming hardworking normal people

[AllanAdamson]

I managed an auto dealership & a gentleman with a large amount of money wanted us to buy at least a dozen vehicles in a similar way and send them to China but while I was investigating this I found that we'd either have to deceive both governments or pay hefty fees & either way it wasn't worth it. Of course, then I find out that the reason he wanted us for this is because he was banned by that auto manufacturer entirely for this exact reason. Imagine doing something like this so much with cars that the manufacture actually tells dealers they can't sell you a new vehicle.

[timwhite]

One of my favorites scenes in The Sopranos was when a couple guys tried to go and shakedown Starbucks or something like that. They have the manager the whole "this neighborhood can get dangerous, you need protect, etc."
The exasperated manager just says "look, this is a corporation with 20, 000 stores, of a single bean in missing, they'll fire me and replace me with another guy. They can just do this over and over."
The 2 guys left and you almost felt sorry for them, they're still living in the past and can't see the writing on the wall.

[christopherwang]

The major lesson is that any organization, Mafia or otherwise, cannot remain static; they must constantly adapt and evolve in order to survive.

[impofstpete]

He left off one of the big ones: Truck Hijackings. Especially from the 70s through 80s, there was big money in stealing semi trailers. They would target trucking lanes and wait for a specific load to come off the interstate. There was usually someone who informed on the trucks and their contents, sometimes even the drivers themselves were in on it. The families had their hands in a lot of unions so finding someone looking to make side money helping them wasn't too difficult. In some cases they would take stuff off the trailer but in others they would just take the truck. These days it's more difficult due to GPS systems and drivers being financially accountable for their loads.

[fabipuello]

I love how he says that they were kicked out of legitimate businesses. It's more like they were blocked from laundering money.

[janesweeney]

I grew up in Boston and the Mob was all around me. It's not anything like it was in the 60's and 70's. We would see these guys going in and out of the stores, pizza shops and package stores all day long. We were immune to it. My Mother just told me not to talk to them.

[donlucchese]

Or you can run for Congress or Senate. You can do insider trading legally as much as you want and you'll never get in trouble.

[HistoricalWonder]

He is basically just saying all of the ways they used to make money in the past. Every sentence starts with used to this and used to that. The feds have gone full out in putting the squeeze on organized crime. It still exists, just not to the extent it did in the 30s-90s

[bakhtiyarpakhirdinov]

Fulton fish market: anyway, four dollars a pound 🐟

[TomOostenrijk]

Selwyn Raab's 'Five Families' is a great book if you're interested in the history of the American Mafia. I just wish he'd update it to cover the last 15 years. I am actually really curious about the state of Cosa Nostra today. But it seems like they have gone back to being low profile, after 3 decades of governmental crackdown
It's why I find John Pennisi, John Alite and others interesting, because they really were in that thing during the absolute tail end of the mafia in the late 90's early 00s. You don't actually ever hear of anybody who's been in the life more recently. Maybe there just isn't alot to tell nowadays

[demeter-the-great]

Scammers these days barely have to put in any work compared to the old days. Back then it was backbreaking work (you had to break someone else’s back once in a while to prove a point). Now any idiot can invent a crypto or NFT and scam half his followers into buying it.

[kevinfelton]

I always thought the easiest way to do an extortion scam is get a couple health inspectors in your pocket.

"Oh the city shut down your restaurant? Well I know a few people at the health department. I could talk to em for a price."

I mean it's not like they do polygraphs for health inspectors.

[justthinkingoutloud]

Really brave of this guy to put himself out on the internet like this. Major props.

[saddesklunch]

I feel like you could’ve combined a couple of these into one entry. The Food Industry, Hollywood, Sanitation Industry, Construction Industry and Fiber Optics could’ve all been combined under the “Legitimate Businesses” name. Online Gambling and Gambling are basically the same thing as well

[wordsofinsight]

“Anyone who lives within their means suffers from a lack of imagination.”
― Oscar Wilde

[jonvia]

If anyone is interested in learning how the Italian mob works in Hollywood, read The Godfather. The movie is great but the book is so much more graphic!

[jlopezd]

So basically sopranos is a pretty realistic depiction of the mafia