Tom Giacomaro grew up in a typical Italian house in New Jersey throughout the ’50s, the place mother stayed house all day and pa went to work as an accountant. He started stealing at six-years-old, and fashioned his personal little gang of thieves on the age of 10. As a teen, he began a highschool fraternity — Gamma Sigma Delta — which was actually a gang in apply. The clique would steal automotive radios and promote medicine underneath the path of Giacomaro, who acted because the outfit’s self-annointed president.
As a younger grownup, Giacomaro received in with mob bigwigs like Whitey Bulger and Jimmy Hoffa, serving an apprenticeship within the organized crime world whereas delivering payoffs to underworld legends. His true calling was in funding fraud, nonetheless. He figures almost $Three billion went via his palms over a 30-year interval. Giacomaro’s fraudulent exercise led to Philly mob boss Nicky Scarfo wanting him lifeless after a shady deal misplaced the mafioso cash. Present as an ancillary determine to the mob, Giacomaro was ultimately busted by the feds and pled responsible to mail fraud and conspiracy. He ended up serving 12 straight years in federal jail.
And, for those who ask him, it was a very long time coming: “We had been grandiose in comparison with Goodfellas,” the previous hustler advised MERRY JANE. His profession makes “Tony Soprano appear like Mickey Mouse. I make Jordan Belfort from Wolf of Wall Avenue appear like he stole a pocketbook.”
Giacomaro’s new e-book, The King of Con: How a Clean-Speaking Jersey Boy Made and Misplaced Billions, Baffled the FBI, Eluded the Mob, and Lived to Inform the Crooked Story, tells his unfiltered story for the primary time. With chapters just like the “Making of a Prison,” “Mobbed Up,” and “Different Folks’s Cash,” the memoir illustrates how huge enterprise, huge cash, and the mob have coexisted for many years, generally in a symbiotic method. MERRY JANE caught up with Giacomaro to search out out if his story is extra Catch Me If You Can than Goodfellas, what it was like to tear off mobsters, how he survived the Scarfo hit, and the way the con continues to exist in America as we speak.
MERRY JANE: On reflection, is your story extra Catch Me If You Can than Goodfellas?
Tom Giacomaro: It is a mixture of a high-sophisticated, in-depth, detailed Catch Me If You Can company thievery – inventory manipulation, mergers and acquisitions – together with the organized-crime flare. The industries I focused occurred to be mob-tainted: trucking, rubbish, warehousing, distribution. So, the mob received dragged into it. Due to my abilities, I used to be capable of manipulate the mob [and] take over these industries, the place a standard particular person could not as a result of they did not have these connections.
I used to be like a younger Henry Hill to start with. He was a maneuverer, a shaker. He added a sure aptitude and ambiance to the organized crime world. His god was cash. He spun no matter he needed to spin for the greenback. I did the identical factor, however on a a lot larger scale. We had been grandiose in comparison with Goodfellas. I make Tony Soprano appear like Mickey Mouse. I make Jordan Belfort from Wolf of Wall Avenue appear like he stole a pocketbook. He did it one time with inventory manipulation, over a one-year interval. I did it within the late ’70s, ’80s, ’90s, and 2000s – for over three and a half a long time. No comparability. What I did makes Wolf of Wall Avenue appear like a pimple on an elephant’s ass.
How and when did you begin getting concerned in crime and the way shortly did your capers develop into rather more severe?
I used to attend for my father to come back house drunk after bowling on Thursday night time or after playing cards on Friday night time. He’d have $2,000-Three,000 in tons of and twenties. I might wait till he’d fall asleep after which sneak out of my bed room and take cash out of his pockets. After I received a job on the A&P to work the money register, my fraternity guys would are available and pull steaks, chopped meat, and all the costliest stuff. I’d run it via the money register, they usually’d get a invoice for about $2.
My guys would pull up with their vehicles within the again, and we would pull all one of the best meat and take it all the way down to the Paterson Markets, and promote it. It was a mini-mob. Years later, after I was a salesman within the trucking trade, I went from [thievery] to cocaine. It was the disco period within the late ‘70s and all people was sitting across the desk at Regine’s and Studio 54 snorting cocaine. Not solely had been we snorting, however we had been promoting it. What developed from small-time crime turned one of the large drug companies in North Jersey.
How did you get entangled with Whitey Bulger and Jimmy Hoffa?
Each of these connections happened after I labored at Maislin Transport, proper after highschool. I used to be their gopher – I’d ‘go for’ this, and ‘go for’ that. Mr. Jimmy Hoffa used to fly in to fulfill Mr. Alex, the proprietor, and I picked him up on the airport with Mr. Alex’s Triple X Cadillac. Maislin would take liquor off route, which they weren’t allowed to do. Coming from Canada, it was speculated to go straight into Albany, New York, after which all the way down to Rutherford, New Jersey, and sure vans can be diverted or shipped to Boston. To get into Boston, cash needed to be paid to each Whitey Bulger and Jimmy Hoffa.
I might take briefcases of cash to them. I by no means knew how a lot cash was within the briefcases. I might fly into Detroit or Boston within the morning, ship the briefcase, and fly again up within the afternoon. It was similar to being a courier. Whitey Bulger had tremendously huge fingers, huge palms, and large, thick wrists. After I first met Hoffa, I used to be driving him again to the airport and he stated to me, “You are going to go far on this enterprise.”
What advantages did you get within the prison underworld from being related to mobsters?
We had been capable of get into firms that ordinary individuals would by no means be capable of get into. I used to be capable of get into the trucking trade, warehousing, distribution, and the rubbish trade. Folks wouldn’t discuss to any “civilians” except you had been linked and any person blessed you to have the ability to go in. Somebody must name that proprietor and say, “Tom Giacomaro’s okay.” I needed to get The Chin’s [Vincent Gigante’s] blessing earlier than I went into the rubbish enterprise.
Speak in regards to the hit Nicky Scarfo placed on you and why he wished you lifeless?
Nicky Scarfo [wanted me dead] due to my affiliation with sure businessmen whom he was concerned with, who felt I wasn’t paying sufficient or doing my job correctly and subsequently jeopardizing the enterprise. I am doing, like, 65mph, white van proper on my ass, virtually banging my rear finish. I pull to the correct into the middle lane and the motherfucker pulls alongside me. I see three guys — they’re goons. One’s received a fucking shotgun, he is making an attempt to get within the kneeling place. The opposite man’s received a .357 in his hand, and he is making an attempt to carry the door open, and the third man begins capturing in conjunction with the automotive.
I slam my Mercedes into the aspect of their van. And bang, all of them go flying. They hit the again of my automotive on the correct nook and it prompted me to enter a spin. I begin going sideways right into a spin, I hit the fucking guardrail, my airbag opens, I get pinned in opposition to the driving force’s seat, and I am going straight down into the Passaic River. I come out of the water, there’s tons of of individuals on the riverbank, each from the highest of the bridge the place I went on and off the underside riverbank. They had been yelling, “Yeah!” And I stated, “Fucking yeah? Fucking assist!”
You had no downside ripping off these mobsters? What was going via your head?
The mafia’s not concerned within the day-to-day operations of professional companies, so they do not actually understand how a lot cash you’re making or taking. You pay a weekly “vig,” kickbacks to sure key individuals in organized crime, to permit you in these companies – transportation, warehousing, trucking, rubbish. However you rip them off by not giving them will increase as your companies develop. You are not giving them their fair proportion.
Why did you resolve to jot down a e-book about your story?
I thought of writing a e-book continuous whereas I used to be in jail. I used to be going to jot down a e-book previous to going to jail known as Refined Thief, and one in all my buyers, Mary Higgins Clark, later took that title and wrote Christmas Thief with a personality based mostly on me. This e-book is about greater than crime or the mob or con males, although. I take a look at what’s happening in society and politics as we speak with guys like Paul Manafort and Michael Cohen, and I take a look at the mortgage brokers within the ‘90s that collapsed, the funding bankers within the 2000s, and it’s what I used to be doing for the final 5 a long time.
This [corporate crime] stuff’s not new to me. I don’t understand how Manafort thought he’d get away with it as we speak. There’s a complete paper path now. Again within the day, you might get away with it; the one factor that received tracked had been deposits over $10,000. Immediately, you may’t even open a checking account except you go along with utility payments, cellphone data, and company accounts. You’ll be able to’t do that shit now. And all people’s conning America, whether or not it is Donald Trump, who conned his base to get elected, or the senators and Audio system of the Home. The con simply continues to go on.
“The King of Con” is out now — order your copy right here
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