In his time, Carmine Lombardozzi was known as one of the premier racketeers operating in Brooklyn and Manhattan. He was active in many varied enterprises, but among his most notorious activities was heading a multimillion-dollar loan shark operation and the many stolen stocks and forged securities scams that he perpetrated against Wall Street’s brokerage houses.
He had the well-earned reputation as a “Shylock’s Shylock”, in that he often loaned money to smaller loan sharks to finance their operations.
In fact, many members of his personal crew were encouraged to “push” money “on the street” to increase the overall bankroll generating revenue for the regime.
The regime often leveraged these loan debts of recalcitrant borrowers to infiltrate their businesses, and stock brokerage houses that Lombardozzi thereafter pilfered by “busting out” or falsely bankrupting the company, or to pressure stockbrokers into committing illegal acts in order to pay back the usurious loans.
Stock market manipulation and securities theft became another steady endeavor of his regime.
It’s been well-documented that most of his personal crew and criminal associates were also engaged in both these activities.
In fact, Lombardozzi garnered his nickname of “The Doctor” and “The King of Wall Street” because of his expertise in this field of stock manipulations.
Note: Please see The Lombardozzi Regime Leadership Chart for a comprehensive pictorial chart of this regime and the Carmine (The Doctor) Lombardozzi individual bio for even more information about “The Doctor.” Please also see The Mob’s Fair-Haired Boy: Carmine Lombardozzi of The Gambino Family at our official YouTube channel, Mob Fireside Chat for our video bio on this iconic mobster.
