Nephew of Colombo Boss Carmine Persico Dies

Danny Persico, nephew of sentenced-to-life Colombo crime family boss Carmine Persico, has died.

This is based on a seemingly exclusive report by Kenji Gallo on his Breakshot Blog.

Danny, in his early 50s, had been fighting colon cancer for the past five years
Danny Persico wasn't a violent mobster despite his last name.

While contacting sources, we learned Danny, in his early 50s, had been fighting colon cancer for around the past six years.

Daniel “Danny” Persico was brother of Colombo capo Teddy Persico, as well as Carmine and Sean. Daniel's father, Colombo capo Theodore Persico Sr., brother of Carmine “The Snake” Persico, was only recently released from prison following a 22-year bid.

Danny's brother, Teddy Jr., recently copped to a plea agreement that send him back to prison for another stretch, this one 12 years.

Danny "was not a bad guy," wrote Kenji, noting he'd last seen Danny Persico at the nightclub Aero in Brooklyn. 

Kenji noted how it was Danny Persico who "helped set up the limo ride for his brother Teddy when he was released from Greenhaven after 17 years."

Danny was highlighted in a Jan. 11 New York Post story as the "one Persico relative who is not in prison or dead" adding that "Danny Persico (was) a minor figure who lives on Long Island.

“There’s nobody left,” veteran investigator told the Post.

“The old-timers are too old and too tired. There are still big moneymakers who bring in tons of cash, but they’re not combatants. They are not involved in homicides. To run things, you need somebody who has two sides to him.”

"If this is, in fact, a requiem for the Colombos, they leave behind a brutal legacy, filled with the most colorful characters in gangland lore, a legendary band that inspired fictional depictions ranging from “On the Waterfront” to “The Gang That Couldn’t Shoot Straight.”

Non-violent Stock Fraud Case
Danny Persico was indicted around 16 years ago for a pump-and-dump stock fraud case.

In March 2000, members of four Mafia families were among 19 indicted for a multimillion-dollar stock fraud involving several boiler room brokerages. The mobsters acted as the muscle "for the companies in New York's financial district," federal prosecutors said.

Among those arrested in the predawn raids were Edward Garafola, a Gambino crime family member; Frank Coppa Sr., Bonanno crime family captain; and Daniel Persico.

Lewis Schiliro, assistant director in charge of the FBI in
New York, called them "the highest-ranking mobsters
arrested to date in a stock fraud case."

The case focused on White Rock Partners, which was renamed State Street Capital Markets Corp. and was run out of an office at the World Trade Center. It also involved brokers from three other firms specializing in microcap stocks, J.W. Barclay & Co., A.R. Baron & Co. Inc., and D.H. Blair & Co., which operated at 44 Wall St.

Think carefully about this next quote.... Really allow yourself to grasp what the FBI AGENT is saying....

"As in all cases of mob activity, though, once they're in, they're in for good. You start by asking for mob assistance, and suddenly you have a business partner," Schiliro said.

Maybe this is part of the reason this happened?