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Connected

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An unbelievable true-life story about one man's rise from poverty to extreme wealth. How much money do you want to make a year? Whatever your answer is, it's not enough. Lorenzo "Larry" Formato began this wild ride in the early 70's and stayed on top for almost two decades. Relive his life experiences through his own words as he takes you on a journey reminiscent of Godfather, Wall Street, and Boiler Room. Now, through his own eyes, witness what really went on with the penny stock market and the power he gained from the Mafia. Look into a world where only Formato can take you, as he talks about Frank Sinatra, Jilly Rizzo, the music industry and some of Hollywood's biggest stars, the total manipulation of the Penny Stock Market and the role the Mafia played in it. "This book is based on my experiences and memories, along with my complete congressional testimony. My testimony before Congress led to the Penny Stock Reform Act of 1990 and was hailed as the most important stock reform legislation passed since 1933." Larry Formato

286 pages, Paperback

First published February 1, 2014

3 people are currently reading
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About the author

Larry Formato

3 books3 followers
People ask me about my history. For that, I could say “buy the book”, but I thought it was important to have an official biography.

Larry Formato has forty years experience in finance and finance management. He is considered one of the world’s leading experts in the Over-The-Counter (OTC) stock market. By age thirty-three, he owned five brokerage firms and was asked by Congress to help construct the Penny Stock Reform Act of 1990.

“Mr. Formato, this has been an extraordinary piece of testimony which has been delivered to our subcommittee. We thank you very much for having the courage to appear before us today, and as the weeks and months go by, as we continue to work on these issues, we are going to stay in close contact with you. I think that there is a ring of truth to what you are saying, and I don’t think it is lost on those who serve on this committee.
You have provided an important public service here today, and we thank you.”
Congressman Edward J. Markey
Chairman
Subcommittee on Telecommunications and Finance

Mr. Formato is currently focused on multiple mergers and acquisitions and has written his book, Connected, detailing his life in the Penny Stock Market.

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5 stars
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Displaying 1 - 4 of 4 reviews
Profile Image for Jose Chavira.
14 reviews
March 1, 2024
All I have to say is, Larry isn’t a rat. He was doing what he needed to do to protect his family and himself. And in the end the government didn’t hold up their end of the deal.
Profile Image for Carson Parks.
1 review1 follower
May 19, 2014
Larry Formato has a great story to tell.
His testimony before congress is what led to the Penny Stock Reform Act of 1990, and he has been quoted a number of times in reference to that legislation. What Congressman Ed Markey said about his testimony really sums it up.
Mr. Formato, this has been an extraordinary piece of testimony, which has been delivered to our subcommittee. We thank you very much for having the courage to appear before us today, and as the weeks and months go by, as we continue to work on these issues, we are going to stay in close contact with you. I think that there is a ring of truth to what you are saying, and I don’t think it is lost on those who serve on this committee.
You have provided an important public service here today, and we thank you.


It's easiest to get his book through his publisher's website, www.whitecollarpress.com.
1 review
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November 4, 2014
Larry is a cheat, his book connected is exactly same as his previous book Sizzle. He did many ugly things. Do' not buy his book...
1 review
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December 12, 2017
Yo Larry, Its Bobby
Simple Question for Ya...
I was on Trial with the Other 4, George Livieratos, Barbara Baker, Vinnie Castellano, Morton Berger and ME, R.B.

?... When You Called ME, to SELL, Laser Arms Stock, at Westfield Securities in Chinatown, N.Y.,
Did YOU EVER TELL ME, that the Laser Arms Stock WAS PHONY!!!?
YES or NO,
I did 3 Years in Prison
I Lost My Life!
I Lost EVERYTHING!
I was Found Not Guilty of Securities Fraud!
I Was Found Guilty of Conspiracy to Commit Securities Fraud, Because I KNEW YOU...
WTF is THAT??? 3 Years in 5 Different Prisons and a Mother, My Mother that Stole My Appeal Funds, for he r own Good, WTF, My Own Mother... 3 Years for Knowing YOU!
I would Never have Sold Your Shares if I Knew they were PHONY.
My Compliance Department assured me they were GOOD!
Yet, I did 3 Years!
For WHAT!!!
Yes or No,Larry
Did You or Anyone You Know EVER Tell ME,Those Shares were PHONY?
Yes or No...
Displaying 1 - 4 of 4 reviews

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