All language subtitles for Law & Order (1990) - S10E16 - Trade This (1080p AMZN WEB-DL x265 ImE)-16.eng

NARRATOR:
In the criminal justice system

the people are represented by two
separate yet equally important groups,

the police
who investigate crime

and the district attorneys
who prosecute the offenders.

These are their stories.

I'm telling you,
this is a sweet deal. Right.

Well... Well, last week's deal
was very sweet too, but this one

we're only offering to a few very
special clients, Mrs. Skolnick.

(GUNSHOT)
(WOMAN SCREAMING)

Can you hang on a sec?

MAN: Look out!
He's got a gun!

What?

The price-earnings ratio,
okay.

It's a bit high.

(GUNSHOTS)

(PEOPLE SCREAMING)

(PEOPLE SHOUTING)

SPENCER: Oh, my God, Sean!
Sean!

What the hell's going...
Somebody call an ambulance!

Call 911!

HARDWICK: Shooter came in
through the front.

Put a .38
in the receptionist.

How's she doing?

Last word, in surgery.

Then what?

Headed this way.

Went straight to this office.

Sean Alvarez. Twenty-four.

There were closer offices.

Guy was the target.
Then where'd he go?

Out that fire exit.

ED: Huh, good plan
for a lunatic.

Crazy don't mean stupid.
My ex-wife's living proof.

What about Alvarez?

Took two shots to the chest. Still
had the strength to go for help.

BRISCOE: And who's
Mutt and Jeff there?

Slick guy's Bruce Valentine.
Kid's supervisor.

Other one's Braddock.
As in Braddock and Todd.

Thanks.

BRISCOE: Detectives Briscoe
and Green.

Carl Braddock.
This is crazy. Just crazy.

What can you tell us about him?

Well, he was one of my brokers.

How long had he been here?
Year and a half.

Any problems?

No, actually he was
leaving next month.

Why was that?

Greener pastures, I guess.

It's tough to hold on
to these kids these days.

We're gonna need a list of everyone
that was on the floor at the time.

Of course.

BRISCOE: And we'll need
a list of his clients.

For what purpose?

For the purpose
of finding out who shot him.

Well, I can't let you go
on a fishing expedition

through our clients' financial
records without a warrant.

Come back with something more specific
and I'd be happy to cooperate.

Count on it.

BRADDOCK: Would you
excuse us now?

Kid was leaving in a month.

Yeah. Not soon enough.

Who did this?

We were hoping you could
help us with that.

Can you think of any reason why
someone might have done this to him?

Our son was just
starting out in life.

What reason could there be?

What about his job?
Any problems there?

Sean used to pick stocks
from the newspaper.

This job at the brokerage was
a dream come true for him.

We heard he was leaving
in a month.

He never mentioned anything.

So you know nothing about that?

No.

MR. ALVAREZ: Maybe you
should talk to Ianna.

Ianna?

Ianna Mercer.
She's Sean's fiancée.

They're getting married.

I mean...

I'm sorry.

I'm sorry. I'm sorry.

I just talked to Carmichael.

She says no judge
will sign a subpoena

for the customer list
based on what we have so far.

How are they?

Couldn't tell us much.

I wonder why he never told
them he was leaving the firm.

Maybe it was a surprise.

Wouldn't you want to
tell your parents

if you had good news
about your job?

His parents would never
believe him.

Oh!

Well, talk to the fiancée.
Maybe she knows.

Everything was going fine.

ED: He didn't seem
nervous about work?

No.

I mean, I think Sean
really liked it.

Then why was he leaving?

I think he just felt like he'd already
learned what he needed to know.

Sean said that he had
some ideas about the Internet

and that he just wanted to take some
time to figure out his next step.

He could afford to do that?

He had said he'd done pretty
well working for Mr. Valentine.

This is a difficult question
to ask, Ms. Mercer,

but is there any chance there was
another boyfriend in the picture?

Maybe a jealous ex?

Sean and I were gonna
be married this summer.

There was no one else.

You understand we have to ask.

Look, maybe you should talk to
this one guy there. Randy Kush.

He and Sean would grab a drink
after work sometimes.

Look, my bosses wouldn't be too happy
with me talking to you guys like this.

I mean, it's not exactly the
kind of PR they're looking for.

Oh, don't worry, you'll be back
at your Rolodex in no time.

Sean worked retail.
I'm in munis.

I'm not sure what I'm gonna
be able to tell you.

His fiancée said you guys used to grab
drinks together. Discuss futures.

Yeah. We just thought
it was never too early

to establish alliances,
you know?

Alliances? Sounds like
a pretty ruthless place.

Well, there's certain rules when
it comes to making money, right?

Well, what rules
did Sean break?

Guy was an animal.
Just went after it.

Sean wanted to be
a market maker.

Someone like Valentine,
you know?

With a network of customers who can
create their own market for a stock.

He just kept bringing Valentine
coffee until he gave Sean a shot.

A shot at what?

IPO's. That's where
the real money's at.

What was Sean working on?

Tell ya, I don't know.

We check your mom
and dad's records,

we're gonna find some of
these stocks, right, Randy?

ED: It's called
insider trading.

Okay. Okay.

Last thing Sean told me about was a
stock called Healthroad2000.com.

Some medical Internet thing.

He said Valentine was working
a pump and dump.

Pump and dump?

Buy it. Hype it. Dump it.

Thanks.

Okay. Healthroad2000.com.

Company's a year old.

With a P and E ratio
of 1000-to-one.

Clearly, no profits.

Stock still went
from $4 to $48 a share

in the first nine days
of trading.

We lose money on every sale,
but we make it up in volume.

Not necessarily.
The stock tanked.

They stopped trading
at 35 cents a share.

That's gotta make for a pretty
disgruntled customer.

Call Carmichael.
This should be enough

for us to get a subpoena
for their client list.

Detectives?

Didn't waste anytime
with the Mop & Glo, huh?

Yeah. Well, some of the brokers found
the sight of blood a little unsettling.

Figured around here
they'd be used to it.

May I see the subpoena?

This is all
confidential information.

Yeah, well, you have your
insider trading, we have ours.

In the great scheme of things, $30,000
really isn't a lot of money, Detective.

Yeah, I know. That's what I'm gonna
have to live on when I retire.

I guess you guys don't
get stock options.

So, you weren't angry
with Sean Alvarez?

Why should I be angry?

Sean gave me a tip
just the month before.

Avery lucrative tip.

No, as far as I could tell,
the kid was a real go-getter.

Sean called.
Introduced himself.

Said he got my number through
his father's country club.

You a member?

Was.

Unfortunately, I've suffered
some setbacks recently.

Like Healthroad2000?

I was told it was a sure thing.

You really need somebody
to tell you that investing

in an Internet company
might be risky?

What I needed was someone to tell
me when to get out. Sean didn't.

Maybe Sean didn't know.

Money always makes money,
Detective.

That's why 1% of the world

controls 99% of its wealth.

ED: You're saying Sean
had inside information?

The stock market should never
be a guessing game.

So why were you left out
in the dark?

Maybe I just didn't play
on the right team.

What do you mean by that?

From what I've heard since,

Sean lived a certain lifestyle.

What kind of lifestyle
are we talking about?

Just say it wasn't co-ed.

(LAUGHS)

I thought he had a fiancée.

It wouldn't be the first time.

Man's keeping secrets.

Yeah, he's also dropping
money on dinners

like I do on a new car.

If he was leaving his job, he sure
wasn't curtailing his entertainment.

LUDs from his phones?

Hmm. Nothing out of
the ordinary.

What about this one from his
cell phone, Exotic Image?

212 area code.

Looks like he made
a bunch of calls there.

All about a month ago.

Answering machine.

Photo studio on Gansevoort.

Meatpacking District. Home
of the straight and narrow.

I'm sorry, but Mr. Jankovic
is in Bangkok.

A bar mitzvah, no doubt.

When will he be back?

A week. Maybe two.

Maybe you can help us out. Does the
name Sean Alvarez ring a bell?

Not really. Should it?

ED: He called a couple times.
About a month ago.

Well, if he came in,
it's easy enough to check.

Thanks.

I guess that's what they call
a head shot.

All right. I have a receipt
here for an Alvarez.

It's for a purchase
of a set of negatives.

ED: Negatives?

Well, it looks like it's
from an old photo shoot,

but I couldn't tell you
what specifically.

Do you recognize this man?

No.

BRISCOE: Maybe there's an
address on the receipt?

It's a copy
of a credit card slip.

I'm telling you, I don't know anything
about any Exotic Image photography studio.

Well, your Chase Visa account
shows a $1,700 charge.

The clerk there says
it was for a set of negatives.

Negatives?
Negatives of what?

Please. Sean's aunt and uncle
are waiting for us.

They've come in
from out of town.

Can't we do this another time?

Do you know anything
about this?

If those photos are evidence,

concealing them could be
an obstruction of justice.

Nancy.

Please, if you know anything.

He didn't want you to know.

Why didn't you ever say
anything to me?

He was worried about
what you'd think.

It was in college, Martin.

Someone had came around
the school

offering students money
to pose for a calendar.

The Boys of Brown.

It was a foolish thing to do
Sean knew that.

So why tell you?

We were talking about him
leaving his job.

At first, he tried to tell me it was
because he'd found a better one.

But I could see in his face
something was wrong.

Finally, he told me. He had
gotten this e-mail at work,

with one of those pictures
attached to it.

Apparently, it had been posted
on a gay men's website.

Gay?

Sean didn't realize that when
he'd signed the release,

the photographer could do whatever
he wanted with the pictures.

He wasn't gay, Martin.

Did Sean ever tell you
who sent the e-mail?

No, but I do know
they tried to find out.

Who tried?

His bosses.

Braddock and Todd
knew about the e-mail?

Yes. Sean said his manager
even teased him about it.

Hey, someone sick enough
to send hate mail

might be sick enough
to take it a step further.

Or maybe we're asking the wrong
person about a jealous boyfriend.

Well, that seems like
a pretty big coincidence

to have this secret past
revealed.

Then a month later,
leave a job you love?

Unless you were forced out.

And we all know
what that means.

A lawsuit.

Okay. Sean Alvarez filed
a federal lawsuit

against Braddock and Todd
about six weeks ago.

What was the basis
for the lawsuit?

Sexual harassment.

He alleged a hostile
work environment.

Someone was hitting on him?

Not necessarily.
All he has to do is establish

his work environment
is upsetting.

BRISCOE: I could do that.

Upsetting sexually, Lennie.

What about identifying the
person who sent the e-mail?

Wasn't part of the claim.

He only sued his employer.
Said he was being teased.

A little teasing.
Seems pretty thin.

Not to his employer.
They settled.

BRADDOCK: We signed
a non-disclosure agreement.

I'm not at liberty to discuss the
terms of the settlement. I'm sorry.

Unless you start giving us some answers,
you're not gonna be at liberty at all.

Why didn't you mention
the lawsuit before?

If you're suggesting money as a
motive here, Detective, it wasn't.

The settlement was
covered by insurance.

Look, the truth is we were all
embarrassed by the e-mail.

Did you ever find out
who sent it?

I think Bruce Valentine tried.
Now if you'll excuse me.

I already had a tech
check his system.

Yeah, well, whoever sent it
had his e-mail address.

Maybe Sean gave it
to him himself.

So we need to check everyone
on his outgoing e-mail.

Who else knew about this?

This is a business
based on rumors.

It's pretty hard to keep
something like that quiet.

Especially when your boss
gives you crap about it.

Yeah, well, like it or not, Wall
Street's still an old boys club.

Just not those kind
of boys, huh?

Trading stocks involves
a certain degree of trust.

When I asked, Sean told me
it was just a college prank.

You saw the picture.

Did it look like
a prank to you?

Actually, Mrs. Simms, we're
looking for your husband.

Mitchel isn't here.

Do you know where
we can find him?

What's this about?

Does your husband know
a man named Sean Alvarez?

Uh, I've never
heard the name before.

What's going on?

We got your husband's name
from Mr. Alvarez's computer.

It was on his list
of e-mail addresses.

BRISCOE: Mr. Alvarez was a broker
with a firm called Braddock and Todd.

Braddock and Todd?

But my husband dealt with a man
named Valentine, not Alvarez.

Bruce Valentine?

Yes.

But why are you looking
for Mitchel?

Mr. Alvarez was killed
two days ago.

Oh, my God.

ED: It's important that
we find your husband.

(SIGHS)

Mitch didn't come home
last night.

He's a gambler. He hasn't had
a real job in over a year.

I think that's why
he traded stocks.

It was easier than going
to the track.

ED: How about a bookie
or a favorite OTB parlor?

I don't know.

We don't want anybody
to get hurt here, Mrs. Simms.

I swear I don't know
where he is.

But please,
please don't hurt him.

Wife says at most he'd have
a couple of hundred bucks.

What about an ATM card?

No funds available.

Thank you. DMV has a '95 Ford
Escort registered to Mitchel Simms

under the same address.

Add the plates
to the hot sheet.

Simms used a credit card to buy gas
on the service road to the Van Wyck,

day before yesterday.

That's on the way to Kennedy.

Call Port Authority police. Have them
check all parking lots for Simms' car.

And let's notify the airlines.

Lot attendant says the car came in
about 6:30, day before yesterday.

Talk about long-term parking.

ED: .38's in his lap.

Same caliber as Alvarez.

Nobody touches anything
until CSU gets here.

When they do, tell them to bag his
hands for GAR, voucher the gun.

(PLANE FLYING OVERHEAD)

Maybe he was afraid of flying.

It doesn't make any sense.

Why would Mitchel kill himself?

ED: The GAR came back
from the lab.

Your husband's right hand
tested positive for gunpowder.

And the receptionist
at the brokerage

just identified him
as the man who shot her.

But why?

Why would Mitchel shoot
these people?

Do you know anything about an e-mail
your husband may have sent Sean Alvarez?

An e-mail he sent?

CARMICHAEL:
Of a threatening nature.

If there was anybody
Mitchel would've threatened,

it would have been
Bruce Valentine.

Why do you say that?

Maybe six months ago,
Mitchel ran into Valentine.

They went to
high school together.

He talked to Mitchel
about investing.

Said he would give him
some stock tips.

Did he?

In the beginning.

Then he stopped
returning Mitchel's calls.

Then one day he calls Mitchel.
Tells him about some health stock.

I forget the name.

It went through the roof.

I begged my husband to sell.
But he wouldn't.

ED: Why not?

He said Bruce Valentine would
tell him when to get out.

He never did.

Mrs. Simms was under
the impression

you were handling
her husband's account.

Yes, but I turned it over
to Sean.

But you were the one who told Mr. Simms
about the Healthroad2000 stock?

I think so, yes.

So why would he be mad
at Sean Alvarez and not you?

(SIGHING)

Look, maybe he just picked
an easy target.

I don't know. I'm just glad that I
wasn't around at the time, you know?

His wife says he was broke?

Yeah, Mitch had
some tough luck.

Well, what was he buying
stock with?

We set up a margin account.

Margin?
Mmm-hmm.

What did he use for collateral?

He took out a second mortgage.

When was that?

When he opened the account.

Yep. Mitchel Simms.

Took out a loan of 42.5, underlying
mortgage on the condo was for 130.

Place was assessed
at a little over two bills.

But he never made a payment?

Not a one.

So why didn't you foreclose?

Matter a fact,
we filed papers last month.

Only he came in about
a week ago

with a cashier's check
for the whole nut.

A cashier's check?
Drawn on what bank?

The check was drawn on Braddock
and Todd's house account.

Same ones who called in
his margin.

It's not exactly sound
business practice

to give money to a man who just
lost his shirt in the market.

Not unless you felt responsible
for how he lost it.

You think they were
trying to make good?

That or trying to
make something bad go away.

It was a loan.

A loan to a customer who already owed
you a substantial amount of money.

Explain that to us.

Well, Bruce Valentine recommended
I make the loan. We did.

Throwing good money after bad?

Well, Bruce
is my top performer, okay?

For $45,000, I wasn't
prepared to question him.

No, especially not
if you had concerns

about how the money got lost
in the first place, right?

Simms had a margin account.

Who approved that?

CARMICHAEL:
Another favor, Mr. Braddock?

The truth is Bruce allowed the man
to trade when he shouldn't have.

What do you mean?

He let his friendship
cloud his judgment.

Simms had a gambling problem.

Bruce knew about it, but let
Simms trade on margin anyway.

So you paid $45,000

to make up for Valentine's
lack of judgment, is that it?

Look, these kind of things can
reflect badly on the entire firm.

When Simms lost the money on
Healthroad2000, he threatened us.

The last thing I needed was a
bunch of federal regulators

rehashing old trades
I'd already lost money on.

A benevolent broker. Where
were these people in '87?

According to Braddock, it wasn't benevolence.
It was expedience.

I'm not buying it. How many
people in the market lose money

and then try to blame
their brokers?

A payoff on a claim of that
kind just opens the floodgates.

Braddock had to know that.

So, the $45,000 was for something else.
But what? Murder?

These people seem
to be making a lot of payoffs.

To Alvarez, to Simms.

This lawsuit, Ms. Carmichael,
what do we know about it?

Nothing. There's a
non-disclosure agreement.

Talk to the insurance carrier.

See if we can find out what they
were really trying to keep quiet.

CARMICHAEL:
$2 million?

What were the facts?

Just what's there
in the complaint.

What about depositions?

No depositions were taken.

No discovery?

Isn't that unusual given
the amount of the settlement?

Not where one side's afraid of
what might come out of discovery.

One side meaning
Braddock and Todd?

I took a look at the photograph,
then I called the kid's supervisor.

He tells me
we have serious problems.

So I called my supervisor.

And?

Apparently, Mr. Braddock
already spoke to him.

Said the allegations were true and that
he wanted the lawsuit put to bed quietly.

So you settled?

We took a look
at the policy's limits

and cut a check to the brokerage
for Alvarez that afternoon.

I had a signed release
by morning.

$2 million, and Braddock
doesn't even put up a fight.

Why should he with the insurance
company footing the bill?

It was like a virtual lawsuit. There's
no saber rattling, no discovery.

Alvarez doesn't even live
long enough to cash the check.

But that couldn't be
the motive for killing him

because the insurance money
would just go to his estate.

So is this really a murder
for hire or just some

garden-variety
let's kill my broker?

The e-mail that started
this whole thing?

Are we even sure that Simms is
the one who sent it?

The e-mail was deleted.

You're certain?

Looks like they ran a Y2K
compliance program a few weeks ago.

Seems to have taken out all the
e-mails on the hard drive.

Intentionally?

If it wasn't,
it certainly was careless.

So there's no way to know
who sent it?

I can't tell you who,
but I can tell you when.

The hard drive's transaction
log posts it in October.

So I checked that against
the company's main server,

that log indicates it entered
the system in December.

So the e-mail
was back dated?

That they couldn't hide.

How would that be done?

With the administrator's code.

With that you can forward
an e-mail to any terminal

and put whatever transaction
date you wanted on it.

Who would have the code?

Only senior management.

Why would a company
want to plant an e-mail

that was gonna cost them
2 million bucks?

Because the money was
to come from their insurance.

They knew they wouldn't be
out of pocket a penny.

Perfect hush money.

But to hush up who?

Alvarez, Simms and Valentine were all involved
with a stock called Healthroad2000.com.

Takes us right back
to the beginning.

Looks like Braddock and Todd
did a bunch of IPO's.

Healthroad2000 was just
one of them.

These offshore
holding companies,

Healthroad's board of directors
also controlled them.

Same holding companies
with this other start-up.

This one, too.

All these IPO's, same board of
directors, same holding companies.

Same pump and dumps.

We did a good job,
they came back.

No wonder.

We pulled the SEC's insider trading
statements on each of these companies.

All of them filed to sell their
shares as soon as they could.

That's perfectly legal.

Unless they knew something
the rest of us didn't.

Each of these companies saw the
value of their shares skyrocket,

then the price just dives.

The market's a risky place.

People want certainty, they
should put their money in CD's.

What the people want, Mr. Braddock,
is a level playing field.

Our guess is Sean Alvarez discovered
you weren't providing one.

That's why you planted
the e-mail, isn't it?

To create a bogus lawsuit in
order to pay off Sean Alvarez.

That's insurance fraud
for starters.

And who knows how many violations
of federal security laws

on the stock scheme.

The federal sentencing
guidelines for these crimes

have been described
as draconian, Mr. Braddock.

I'm not a criminal lawyer, Carl, but
I wouldn't answer anything else.

JACK: He's right. Save your
explanation for the jury.

Only sometimes a murder charge
has a chilling effect

on a defendant's decision
to take the stand.

Murder?

That's what the $45,000 you paid
Mitchel Simms was for, wasn't it?

To kill Sean Alvarez?

I didn't kill anyone.

It's your name on the check.

(SIGHS)

You know, in the old days,

you made someone 10%,
you were doing your job.

Not anymore.

Today, everyone wants
to double their money.

Not in a year.
In weeks. Hours.

JACK: Business was tough.

That's your excuse,
Mr. Braddock?

I told Bruce there was
no reason to kill them.

But he was just talking crazy.

But ever since we started
dealing with those people...

What people
are we talking about?

Haven't you figured it out?

The men who controlled those
companies, these board of directors.

They're the mob,
for God's sake.

JACK: Carl Braddock says you were the
front man for an organized crime group

trading stocks
through his brokerage.

He says it was you who paid Mitchel
Simms to kill Sean Alvarez.

That's murder for hire,
Mr. Valentine.

You get a needle
for that in this state.

And it won't be for a flu shot.

Well, now, let's all just slow
down here for a minute, shall we?

I assume Mr. Braddock didn't
provide his information for free.

We turned our prosecution of Mr. Braddock
over to the federal authorities.

They'll consider
his cooperation.

We want the same arrangement.

JACK: I'll hear
what he has to say.

(SIGHS)

I was approached
about a year ago.

JACK: Approached by who?

Joseph Dantoni, Jr.

Of the Dantoni crime family?

Joey Jr. and I
went to high school together.

With Mitchel Simms?

Yeah, I've handled some
investments for Joey's father.

Very conservative.
But Joey wasn't blind.

He saw how easily the market
could be manipulated.

How did that work?

I set up some offshore shells
to run the stocks through

and then I'd post favorable
information about them in chat rooms

when we were ready to go
public with the company.

JACK: And Sean Alvarez?

Obviously he did his homework.
Found out what I was doing.

He threatened to go to the SEC,

so we came up with the idea of a
phony lawsuit to pay him off.

So you planted an e-mail to create
a false claim of harassment?

There was no other way
to get Sean the money.

The insurance company
paid off right away.

So what went wrong?

Joey didn't trust Sean
to keep his mouth shut.

You're saying Joseph Dantoni, Jr.
had Sean Alvarez killed?

About a week after
Joey found out about Sean,

he called me.

Told me what he was gonna do.

See, Simms was into them
for a lot of money.

And Joey just figured

Mitch would look like some
disgruntled customer gone crazy.

Your client remains in jail
until I check out his story.

He'll need protection.

Yes, I'm sure he will.

Let's pick up Dantoni. I want this
in the grand jury right away.

(KNOCKING ON DOOR)

Joseph Dantoni.

What's this about?

On your feet, Mr. Dantoni.

Okay. Okay. Just let me
take care of the check.

Save it for bail.

ED: You have the right
to remain silent.

Anything you say can and will be
used against you in a court of law.

What's this? I thought I had
the Hinkson case this morning.

Judge, this was added to the calendar
at defense counsel's request.

Joseph Dantoni, Jr.
Murder in the first degree.

Your Honor, Mr. McCoy is before the
grand jury on this matter as we speak.

JUDGE: What's the rush,
Mr. Patton?

Your Honor, may we approach?

Judge, I tried Mr. McCoy this morning.
I wasn't able to reach him.

I was hoping to have
a conversation with him

before any murder indictment
was voted in this case.

A conversation? You're saying
your client wants to cooperate?

Not him. His father.

I appreciate your seeing me,
Mr. McCoy.

This isn't a courtesy.

You have information
regarding this homicide?

Yeah, we do.

You understand there's
no offer of immunity.

For either you or your son.

Mr. Dantoni merely seeks the
same protection your office

provides any
other crime victim.

Crime victim?

This is a strange situation
for all of us.

I'm used to handling my
own problems my own way.

But this is different.

My son did not commit
any murder.

That's the extent
of your information?

My son's a moron.

But he's not a murderer.

So he's only half a chip
off the old block?

Look, Joey might have
been aggressive

in terms of pursuing
profits in the market.

Certain rules might
have been broken.

But he never murdered nobody or
hired nobody to murder nobody.

How do you know this?

I asked him.

I asked him once I realized he'd
lost over $4 million of my money.

I took a look at these holding
companies my genius son set up.

Turns out all the assets were
controlled by Valentine, not Joey.

Only now, none of them
got any assets.

Mr. Dantoni's prepared to testify
that his brokerage account,

as well as the accounts of
eight other of his associates,

all with what you would call
organized crime connections,

were looted by the brokerage
of Braddock and Todd.

In proper parlance, Bruce
Valentine cooked the books.

This Valentine told my son Joey that
these stock schemes were making money.

Meantime, the guy's stealing
from Peter to pay Paul.

What about Mitchel Simms?

Valentine whacked him.

Convenient for you.

Hey, I'm gonna hit Simms, I ain't
gonna make it look like a suicide.

Defeats the purpose.

You don't believe me?

Check your records
on the .38.

What will we find?

Well, let's just say
it wasn't fresh off the shelf.

Valentine asked my son Joey for
a gun a couple of months ago.

Said he was afraid to be
carrying so much cash around.

Turns out it was my cash.

I'm surprised that Dantoni isn't
asking us to take a blood oath.

Fact is our forensic
accountant backs up his claim.

The pilfered brokerage accounts
were established 25 years ago.

You're telling me
the money's legit?

I'm telling you there's no way
to prove that it isn't.

There's also no way a lawyer like
Richard Patton gets involved

if the money wasn't clean.

What about the .38?

Ballistics traced it back to an
underworld slaying three years ago.

Fine. Mob gun, mob murder.

CARMICHAEL: Except that we wouldn't
have known about the slaying

if it weren't for Dantoni.

Joey Jr. will testify he gave the
gun to Valentine six months before

in front of witnesses,

two of whom had no record.

None of us are happy
about this, Adam.

But if Valentine hired Simms
to kill Alvarez

and then killed Simms himself,
he deserves the death penalty.

So we end up performing
our first hit for the mob.

(SCOFFS)

We've never drawn a distinction
between crime victims before.

Crime victims.

And what do they want for all these
little tidbits of information?

Consideration for Joey Jr.
on the stock scheme.

Crime victims my elbow.

Bruce came to me and said
he had a group of investors

interested in setting up companies
and then taking them public

through the brokerage.

When did you learn these companies were
actually fronts for organized crime?

It was pretty clear
at our first meeting.

JACK: How did the plan work?

Bruce set up these companies, then
used money from the brokerage accounts

to show assets
to the investment banks.

Then he took them
public through my firm.

And what happened?

Bruce created markets for the stock through
various chat rooms on the Internet

and through our association
with other retailers.

And the stock prices went up?

They skyrocketed.

So how did Mr. Valentine
end up losing the money?

Mr. Dantoni and the others
were insiders.

Legally, they couldn't sell
their shares right away.

While they were waiting,
the market had a correction.

Bruce just wasn't able to
sustain the price long enough.

He started using the companies
own cash to buy more stock.

Eventually, he lost everything.

How did he manage to hide
this from you and the others?

By using false
financial statements

and a variety of other
accounts to cover the losses.

But Sean Alvarez found out?

I don't know what Sean knew,

just that Bruce said
we had to pay him off.

And did you?

Yes. Bruce planted an e-mail

in order to create an
harassment claim against us.

Then we used the insurance
money to pay Sean.

Nothing further.

You didn't object to this
alleged stock scheme, did you?

No.

To using mob money
to further your own aims?

No, I didn't.

Even to committing
insurance fraud?

I thought I had no choice.

I'm sure you didn't.

In fact, you thought there was
a chance you might be killed.

Yes.

Killed by the same people
the district attorney's office

has paraded in front
of this jury as crime victims?

Objection.

Sustained.

Now, my client had no authority to
orchestrate an insurance payoff, did he?

No.

In fact, the agreement to keep silent was
between your brokerage and Mr. Alvarez.

Mr. Valentine's name wasn't
even mentioned, was it?

No, it... It wasn't.

By the way.

You lied about all this
to the police, didn't you?

Yes.

Because you thought they would think
that it was you who hired Mr. Simms,

wasn't it?

Seems to me,
Mr. Braddock,

you had as much reason
to see these people dead

as any of the People's
witnesses in this case.

Objection.

Nothing further.

I let my son run my business
interest while I was in Florida.

Famous last words, right?

JACK: What happened?

He started trading
with this Valentine character.

He and Joey were friends
from high school.

They cooked up some scheme where
they'd set up a company with Joey's...

My money.

Then hype the stock
and get out with a profit.

You were kept informed of this?

Are you kidding me? I'm the
generation that made it.

My son's the one who spends it.

We've heard testimony from
several witnesses and your son

that a great deal of money
was lost by them.

How much money was lost by you?

Little over 4 million.

Mr. Valentine's lawyer
suggests

your son was responsible for the murders
of Mitchel Simms and Sean Alvarez.

Not true.

How do you know that?

Because my son didn't have
the authority.

The authority?

I'll rely on
my constitutional right

against self-incrimination
and just leave it at that.

Nothing further.

Your son didn't have
the authority?

That's right.

Meaning you do?

Meaning if something's gonna be done in
my name, I have the final say-so. Yeah.

Is this some type of organization
that we're unaware of, Mr. Dantoni?

Oh, I think you know what
I'm talking about, Counselor.

Yes, I think I do. I just want
to make sure that the jury does.

This is a chart

of all the crimes

some of the People's witnesses have
been charged with or convicted of.

Objection.

Overruled.

Now, let's see,
amongst other things,

murder, racketeering, bribery,

(SIGHS) assault, arson,

jury tampering.

Did I miss anything,
Mr. Dantoni?

Yeah. That I was acquitted
of the bribery charge.

I'm sorry. You're right.

But then that's what led up to the
jury tampering indictment, isn't it?

In fact, every witness
against Mr. Valentine

has been convicted of one felony
or another, haven't they?

Objection.

That I'll sustain.

We paid our debt
to society, Counselor.

It's time for your client
to pony up.

You say you lost $4 million?

Yeah.

Where'd you get that money
from, Mr. Dantoni?

My accountant can better
answer that question.

It was from illegal
activities, wasn't it?

Absolutely not.

Come on, Mr. Dantoni.

You were so honest with us
before about your authority.

Why be shy now?

Objection.

STOKELY: Doesn't really matter
if he answers.

Like he said, "We all know what
we're talking about here."

The first time I had a witness
take the Fifth Amendment

and didn't try to make him
pay for it.

Never say never. We already
have a defendant to convict.

Valentine's taking
the stand tomorrow.

He'll try and blame
the mob for the murders.

Time to make your bones,
consigliere.

(SIGHS)

We have Dantoni
losing 4 million, right?

4,000,000.

And the other eight accounts, Dantoni's
associates, how much all told?

Give or take another 9 million.

So that's 13 million
invested with Valentine.

Something wrong?

I just added up all the capital
funneled through this thing

and I get 15 million.

We're 2 million short.

This guy just
doesn't know how to stop.

Yes, I took money.

And, yes, I paid Sean
and Mitchel to keep quiet.

But I never murdered anyone.

You never hired Mitchel Simms
to kill Sean Alvarez?

Why would I?

Sean would've gotten in almost as much
trouble as I would if he would've talked.

No. The Dantonis.

They're the ones who kill.

And now they're
trying to blame me.

No further questions.

Standing over the lifeless
body of Sean Alvarez,

you lied to two
New York City detectives

when you told them that you knew
nothing about his murder, didn't you?

I was scared.

Scared of the mob?

That's right.

But not too scared
to do business with them?

When did this fear of the mob
you say caused you to lie

first begin to afflict you,
Mr. Valentine?

I can't really say.

Seems to me it must have been when you
realized that those stock scams of yours

weren't going to work.

I told you, I can't say.

Well, isn't that when you asked Joey Jr.
for a gun?

I didn't ask Joey for a gun.

Two witnesses, with absolutely
nothing to fear, say that you did.

They're lying.

Or maybe it was when you committed insurance fraud?
Was that when it started?

Sean was blackmailing me.

But Mitchel Simms wasn't blackmailing
you about the mob, was he?

And you paid him off too,
didn't you?

Yes.

So if it wasn't fear of
the mob that made you do it,

what was it, Mr. Valentine?

I don't know what
you're talking about.

I'm talking about opportunity.

That's the name of the game
in your business, isn't it?

Recognizing opportunity
and taking advantage of it?

I suppose.

How much of the mob's money did
you say you lost, Mr. Valentine?

$13 million.

Yet we found that
15 million in capital

was funneled through
those accounts.

So where did that extra
$2 million come from?

I don't know.

It came from the insurance
settlement, didn't it?

You never gave the money
to Sean Alvarez.

You stole it and used it
for your stock scheme.

That's why you had to kill
Sean Alvarez, isn't it? No.

There is no record of $2
million ever being paid

from Braddock and Todd
to Sean Alvarez.

Another opportunity presented
itself and you took it.

Isn't that right,
Mr. Valentine?

No.

I think you arranged
to meet Mitchel Simms.

I think you used
his desperation

to force him to kill
Sean Alvarez.

Objection.

And later, you lured him
to the airport and killed him

with the gun given to you
by Joey Dantoni,

knowing that you could
blame the mob.

That's not true!
(STAMMERING) I didn't.

Stock fraud, insurance fraud,
payoffs, finally murder.

All crimes of opportunity.

But you're all out
of chances now.

Aren't you, Mr. Valentine?

Members of the jury

I am advised by the clerk that
you have reached a verdict?

We have, Your Honor.

JUDGE: Please read it.

In the matter of
The People v. Valentine,

on the count of murder
in the first degree,

we find the defendant guilty.

(PEOPLE MURMURING)

Members of the jury, you are
excused until Monday morning,

whereupon the death penalty phase
of this trial shall begin.

(GAVEL BANGS)

So?

The jury gave Valentine
the death penalty.

They were out
for less than an hour.

Nothing redeemable
about Wall Street.

What about Center Street?

Oh.

Now you have scruples?

We avenged Sean Alvarez.

I still have to
call the family.

Which one?