The Story of Larry Formato
From Nothing
to Everything
Lorenzo "Larry" Formato began his wild ride in the early 1970s and stayed on top for almost two decades. This is the story of how one man from nothing became the most feared and respected figure in the penny stock market — and how his story changed American law forever.
"How much money do you want to make a year? Whatever your answer is, it's not enough."
Larry Formato's story is unlike any other in American business history. It's a story that reads like a Hollywood script — part Godfather, part Wall Street, part Boiler Room. But it's all real.
Born into poverty, Larry Formato clawed his way to the top of the penny stock market through sheer force of will, an uncanny ability to read people, and connections that spanned from Frank Sinatra's inner circle to the highest levels of organized crime. He didn't just play the game — he rewrote the rules.
For nearly two decades, Larry commanded an empire that Wall Street couldn't ignore and the government couldn't contain. His Rolls Royce. His penthouse. His total manipulation of a market that others thought they understood. This was extreme wealth — not the kind you read about in business books, but the kind that comes from living on the edge of everything.
And then came 1990. The Penny Stock Reform Act. A piece of federal legislation so directly tied to Larry Formato's activities that it stands as a permanent testament to just how significant his impact was. His story didn't just make headlines — it changed American law.
Now, for the first time, Larry tells his story in his own words. Unfiltered. Unvarnished. Unforgettable.
The Journey
From Nothing
to Everything
A two-decade odyssey through the darkest corridors of power, wealth, and the American dream.
The Beginning
Lorenzo 'Larry' Formato starts his journey from the streets. With nothing but ambition and nerve, he enters a world where the rules are made by those willing to break them.
The Connections
Larry builds relationships that would define his empire — from the music industry to the mob. Frank Sinatra. Jilly Rizzo. The names that opened every door.
The Power
The phone never stops ringing. Deals are made. Fortunes are built. Larry Formato becomes a force in the penny stock market, wielding influence that few could imagine.
The Empire
At the height of his power, Larry commands an empire. The Rolls Royce. The penthouse. The total manipulation of the penny stock market. This is what extreme wealth looks like.
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The Throne
Nearly two decades on top. Larry sits at the center of a world that Wall Street, Hollywood, and the mafia all orbit around. The Godfather. The Dealmaker. The Legend.
The Reform Act
The Penny Stock Reform Act of 1990. Larry Formato's story becomes so significant it changes federal law. His wild ride reshapes American financial regulation forever.
The story that changed American law
1990
Penny Stock Reform Act
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