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Podcast: Gangland Wire
Episode:

A Mafia Counterfeit Ring
Category: Society & Culture
Duration: 00:13:34
Publish Date: 2025-07-16 09:00:46
Description:

Hey Wiretappers, listen to my short bonus episode. I’m looking for mob fans to read the first half of a memoir about my life, which is partly about being a cop and mostly about the Civella Spero War. Email me at ganglandwire@gmail.com and I’ll send you a pdf to read. It’s about 22,000 words. Once it’s done, I’ll send you a copy

This week, we journey back to the early 1900s—a time when the first wave of Sicilian immigrants brought more than just dreams of opportunity to America. They also brought with them an age-old criminal code that would lay the foundation for the American Mafia as we know it.

Our story begins with the Mustache Petes—those old-world mafiosi who preyed on their own immigrant communities through intimidation, extortion, and a cunning knack for organized crime. One of their earliest rackets? Counterfeiting.

A Nationwide Web of Fake Money
In 1901, the Secret Service—then the only federal law enforcement agency with a national reach—uncovered a brand-new counterfeit $5 bill in circulation. This was no small operation. The National Iron Bank of Morristown, New Jersey, had unknowingly unleashed a run worth $250,000—millions in today’s money.

Agents quickly linked the phony bills to a sophisticated, coast-to-coast counterfeit ring run by Sicilian gang leaders like Ignacio “Lupo the Wolf” Lupo and Giuseppe Morello. These men were more than petty crooks—they were the original godfathers of organized crime in New York City.

Violence and Betrayal in the Shadows
As the Secret Service tracked counterfeiters from Yonkers to Pittsburgh to San Francisco, they met ruthless opposition. Notorious mobsters like Vito Catone didn’t hesitate to attack federal agents. One desperate fugitive even tried to escape by lunging at agents with a knife, fleeing through a rail yard, and getting knocked down by bricks thrown from a moving train. Law enforcement, often under-armed and outnumbered, were up against killers willing to silence anyone in their way.
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