Congress Follows Playbook that Would Make a Mafia Godfather Proud

The House of Representatives passed a bill last week taxing the bonuses that were paid out to a number of AIG executives at 90 percent. I heard a congresswoman from New York say that congress was "acting in record time" to protect the major shareholders of the company, the American people, against the unbridled greed of the AIG executives.

After all, the government should be calling the shots now. It's what I would have done when I was on the streets.

Twenty years ago, I would have applauded the government's move to control the AIG bigwigs. When I was doing business for the Colombo Crime Family, I would often "bail out" a failing company. When the boss had nowhere to go, when no legit lender would lend him a dime, or when his suppliers were threatening to throw him into bankruptcy, he came to me. Mob guys looked for business opportunities like this every day. Great way for us to own a business.

Once the owner took my money, or used my name, I owned him. He wasn't about to get a pay hike when he owed me money. He wasn't buying a new car or taking any paid vacations either. I didn't care how hard he worked. And if he didn't toe the line, I would throw him out and take the company over.

From what I'm hearing, the government knew about the bonuses some time ago. Some of them even approved of the payouts. Some of them even got campaign contributions from the AIG exec's. So the tax thing was a good cover up. Good work, guys! It's a move right out of Machiavelli's play book.

You know Machiavelli? He's the Mafia's champion. As a former capo regime of La Cosa Nostra's Colombo Crime family, I am very familiar with Machiavelli. For almost 20 years, I lived and conducted business under his philosophy.

A Prince must have a mind disposed to turn itself about as the winds, able to do good when he can and evil when he must, Machiavelli wrote. Still, even though on the inside he is able to scheme, he should appear to him who sees and hears him altogether merciful, faithful, humane, upright and religious.

Sound familiar?

In his sixteenth century treatise entitled, "The Prince," Niccolo Machiavelli wrote those words advising his prince of the "virtues" he must exercise in ruling his kingdom. Seems like convicted money manager Bernard Madoff and some of the CEOs of AIG, Lehman Brothers, Countrywide Mortgage, Enron and a few dozen more of America's corporate honchos and now, the government itself has taken Machiavelli's advice to heart in the operation of their respective enterprises.

I would not be surprised to find a copy of "The Prince" on the desks of more than a few of Washington's elite. Would you? Their misguided and in some cases illicit leadership contributed significantly to the financial meltdown of the United States economy, the magnitude of which has not been seen for decades. If you think they will get off scot free, FUGGEDABOUTIT!

At the height of my operation, I was bringing $8 - $10 million a week into the Colombo Family coffers from business interests I had in the gasoline, entertainment, auto and gambling industries. Although I enjoyed success for a time, Machiavelli's business philosophy eventually brought me three racketeering indictments, $15 million in fines and restitutions, untold legal fees and a 10-year federal prison sentence.

Mob guys ought to be worried. First the government took a tip from them and realized there was big money in gambling. Now the government is taking control of businesses the same way. And they don't even have to worry about the racketeering indictments they slammed me and my former associates with for doing the same thing. They called it extortion when the mob did it. Seems like I left the life just in time. Too much competition!

Thanks to Michael Franzese, once one of the biggest mob money earners since Al Capone - and the youngest individual on Fortune Magazine's 50 Biggest Mafia Bosses. Michael's new book, I'll Make You an Offer You Can't Refuse: Insider Business Tips from a Former Mob Boss will be released on March 31.

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Chicago Metra Train Updates via Twitter

Since we have so many Chicago readers, I wanted to pass along a free service that provides Metra train updates via Twitter.

You can read all about it and sign up at Tony Zale's site.

Anybody who has ever worked downtown in Chicago and waited for a Metra train will love this service which provides updates on train delays directly to your mobile phone.

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Brother of Mob Boss to Testify Against U.S. Marshal

For months, Michael Marcello passed along key information about a top mob snitch during his 2003 prison visits to his half-brother, James "Little Jimmy" Marcello -- the Chicago Outfit's top boss.

The details about the key witness, mob killer Nicholas Calabrese, were allegedly coming from the man assigned to protect Calabrese from the mobsters who wanted him dead -- deputy U.S. Marshal John Ambrose.

Now, in a stunning reversal, Michael Marcello, once his imprisoned half-brother's eyes and ears on the street, will testify against Ambrose next month, a prosecution filing shows.

Ambrose is charged with leaking important information about Nick Calabrese to the Outfit. Marcello could provide key testimony about how the information allegedly made its way from Ambrose to Ambrose's friend with Outfit connections to reputed mobster John "Pudgy" Matassa to Michael Marcello to James Marcello. Matassa has not been charged in the case.

Michael Marcello pleaded guilty in the Family Secrets case in June 2007, admitting he ran an illegal video-poker business. He didn't agree to cooperate then and got 8½ years in prison.

It's unclear what prompted the turnaround. Prosecutors would not comment, and an attorney for Marcello did not return a message. Such cooperation often results in less prison time.

Prosecutors secretly recorded Michael Marcello's conversations when he visited James Marcello in prison.

The Marcellos were intent on finding out what Nick Calabrese had revealed about James Marcello's involvement in the 1986 killings of mobsters Anthony and Michael Spilotro.

James Marcello drove the Spilotros to a Bensenville area home, where the two men believed they were going to get promotions in the mob, according to testimony in the Family Secrets case. Instead, several mobsters, including Nick Calabrese, pounced on them and beat them to death.

Thanks to Steve Warmbir

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