9/2/00 Newsday - Former crime boss Anthony Corallo, has died in a federal prison hospital in Springfield, Mo., while serving a 100-year term for racketeering. Corallo, 87, known as "Tony Ducks," had been convicted on the basis of wiretapped conversations that led to a spectacular series of La Cosa Nostra trials...

Last winter 's newsletter from the North Shore-Long Island Jewish Health System Foundation is inadvertently hilarious. Both Maurice "Sonny" Cohn and Thomas Gambino are lauded for their generous contributions to North Shore-LIJ on the front page.

Pretty easy to be generous when you steal the money in the first place.

Thomas Gambino, of course, is the son of famed mobster, Carlo Gambino. His wife, Frances, is Tommy Lucchese's daughter. Gambino is a gangster in his own right and controls a lot of the trucking in NYC. Oddly enough, Gambino  claimed  he was swindled by his personal stockbroker, Maurice Gross, when he did a stretch in prison a few years ago. He ordered Gross to invest his ill-gotten gains conservatively while he was in the big house and Gross didn't listen.  

On the other hand, no one has yet accused Maurice Jay "Sonny" Cohn of racketeering despite that fact that Sonny Cohn and Bernard Madoff have been business partners for more than forty years.

You had to be quick to catch the news but North Shore-LIJ reported losing "several million" in the Madoff scandal. But no one at North Shore-LIJ has elaborated any further.  

Madoff and Cohn are currently partners in Cohmad Securities Corporation which operates out of Madoff's office on the 18th floor at 885 Third Ave. Peter B. Madoff, Marcia Beth Cohn, Milton Cohn, Rosalie Buccellato and the beleagured Robert M. Jaffe are also partners in Cohmad.

Cohmad Securities was formed in 1985. In a recent 990 filed with the IRS, the Madoff Family Foundation reported that Cohmad held several million dollars of the foundation's investments.

Cohn and Madoff go back to a brokerage firm active in the '60s named Cohn Delaire  and Kaufman. The Delaire, Alfred J. Delaire, died in 1968. His son, Alfred J. Delaire Jr., was with the firm's successor, S. G. Warburg and now works for Cohmad.

There have been rumours of Delaire's wife, Carol, and her relatives being involved in stock fraud. (See the comments.) 

S. G. Warburg is not a member of FINRA and no information about the firm is provided by FINRA other than some details about NASDAQ violations.

I can't believe Maurice "Sonny" Cohn didn't know Bernie Madoff was a crook after working with him on Wall Street for more than forty years.

If Maurice Cohn did collude with Bernie Madoff, he should packed be off to prison just like Tommy Gambino. Bust the Cohn trusts and make the family live on the median income of a family of four in Nassau County.

Undermining the financial safety of 300 million Americans is a threat to our national security.  

The way I see it, Rudy Giuliani almost singlehandedly destroyed New York City by fining Milken and Boesky a lousy $100 million each and shipping them off to country club prison for a couple of years. Wall Street saw the slap on wrist you get for stealing a few billion and it went on a 20-year crime spree.

Now I'm off to start my petition to get Allenwood shut down forever. We have a lot of excess prison capacity here in New York, thanks to Charlie Gargano, and the people upstate could use the business. How does a 100-year stint in Plattsburgh sound, Bernie?