The 92nd Street Y -- a cultural icon among Manhattan liberals -- is investigating allegations into whether Salvatore Taddeo who headed its facilities operations until his departure last February was "involved in a scheme to demand kickbacks from vendors, sources say" as reported by Greg B. Smith for the Daily News.
In another life as a stockbroker Taddeo was convicted in 1999 and then did eighteen months for his role in a mobbed-up pump-and-dump securities fraud scheme:
The brokers would sell enough stock to unsuspecting investors to drive up its value. When it peaked, the gangsters would sell all their shares at once, sending the stocks off the cliff and leaving the dupes with nothing.
Y officials would not discuss whether they knew about Taddeo's shady past.