www.LukeIsBack.com has several new stories of note that you would think are dated articles from his more controversial days...........
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Highlights Include:
Which Porn Company Is Going Public?
It's a new and well-respected company.
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Born to Steal: When the Mafia Hit Wall Street
Jill Kelly Productions Boiler Room
There are some funny things going on with the Jill Kelly Productions stock.
I've been hanging out by their headquarters, checking out the wise guys walking in and out now that Keith Gordon and the Bizarre/Gambino crew have moved in.
JKP is going to merge again, this time a reverse merger with a long distance telephone company (1-International? and Max Capital, an Israeli guy).
A wise guy meeting this week was discussing the stock. JKP lost $9 million last year. JKP is looking to acquire a company with assets to make JKP stock go up. Even though JKP doesn't have any money.
If a wise guy or his soldier is getting paid by a company such as JKP, there is no business. There's just theft going on.
Jill Kelly is in way over her head. She still thinks she's the boss. The Gambinos are the boss. Keith Gordon is their front. Their nice face.
JKP is located next to Video Team (their doors adjoin) near the Burbank Airport on Vanowen. It's an old Disney animation studio.
Just hang outside and see the type of people, the type of connected people, who walk in and out.
Jill Kelly and Bob Friedland take in $360,000 a year each from JKP. How do they justify that? Their company loses big money. There are no prospects of them making money. How do they justify paying their two corporate officers in the top five of porn employee salaries? They have five-year employment contracts, which, if terminated for any reason other than fraud, must be paid in full.
Employment Agreements
Each of Robert A. Friedland, Adrianne D. Moore and Ronald C. Stone entered into employment agreements with us. The employment agreements have similar terms other than the amount of compensation. Under the employment agreements, we have agreed to pay Ms. Moore and Mr. Friedland each an annual salary of $360,000 and Mr. Stone an annual salary of $240,000, subject to annual increases. The agreements are for five years commencing on September 1, 2003. In the event that we terminate any of these executives for other than good cause, as defined in the agreements, we have to pay the executive’s salary and provide them with benefits for the remainder of the term of the agreement. The executives have agreed by these agreements not to compete against us for a period of one year following the end of their employment with us and to keep confidential all of our proprietary information.
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Red Light District - Funded By Drugs, Gambling
Red Light District is widely regarded as the number one gonzo company.
Founders David Joseph and his brother Dion Giarrusso were drug dealers when they were young. They got busted. Dion took the fall for his brother and spent about seven years in jail. In exchange, David paid him off. David funded Dion's journey into porn, including the creation of Red Light District.
Where did David Joseph Giarusso get his money? From his casino in Costa Rica. He was partners with the Genovese crew and was friends with Andrew Gargiulo, the biggest Mafia bookmaker on the East Coast. Andy is the banker's bank.
Despite the millions of dollars David gave Dion, Dion stole from David.
When David confronted Dion about this in mid-December, 2003, Dion decked him. David then booted him out of the company and Dion seems largely removed from porn since then.
David is liked and respect around the industry. He doesn't scream and yell. He speaks quietly, pays his bills and does not seek the limelight.
Rob calls and yells at me. "You are right about one thing. David is a nice guy. I don't know where you get this other stuff from. I've known David for years. He is a great guy. Always pays his bills."
BY SEAN GARDINER NEWSDAY STAFF WRITER April 24, 2004 Brothers-in-law Preston Geritano and Andrew Gargiulo belonged to the same family as well as - reputedly - the same "familia," but law enforcement officials say the two were cut from different cloth.
Gargiulo was a throwback gentleman gangster, a made member in charge of one of the mob's biggest bookmaking operations, officials said.
Geritano, only an associate, was a tough-guy loan shark whose greatest claim to fame came for a murder he didn't commit. In a strange twist, the gangster with the brains stands accused of killing the mobster with the brawn.
At 2 p.m. Thursday, Geritano, 57, stormed into Gargiulo's Bay Ridge restaurant Amici - Italian for friends - and struck Gargiulo, 65, several times with a stickball bat, police said. Gargiulo grabbed a knife from the restaurant and chased Geritano onto the sidewalk in front of the eatery, police said.
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