 It is alleged that he ran the operation on behalf of the mob, with a lifetime take of $50–$200 million.His birth name is the Yiddish/Hebrew for Jacob ("Jake"), and like his more-famous older half-brother, Max Factor, he had trained at an early age in haircare; this led to his mob nickname, Jake the Barber.He perpetrated a stock scam in 1926 England that netted $8 million, a substantial sum for the period.