by PolackTony » Thu Mar 09, 2023 3:04 pm
Adam wrote: ↑Thu Mar 09, 2023 2:01 pm
dave wrote: ↑Thu Mar 09, 2023 10:51 am
faffy444 wrote: ↑Thu Mar 09, 2023 10:22 am
CORBI'S gambling operation raking in $5000 a month seems like peanuts to me.or did he mean to state he was kicking up $5000 a month ?
It's the 1960s, so that's probably worth $50,000 a month in today's money.
I was curious so I used the inflation calculator, but $5000 in 1965 would be about $47,500 today. So I'm guessing that's not what got kicked up. Just what the crew in Baltimore was bringing in. I don't think anyone is claiming Baltimore had some large crew, so in modern dollars, $570,000 a year split between a relatively small crew, less than ten total guys(made and associates and I'm just guessing a number) it's not terrible.
Yeah I’m no expert but my impression has been that the Gambino Baltimore crew had only a modest involvement in traditional racket operations. From what little I know, most of the gambling in B’More was handled by the Jews, with the mafia having a smaller footprint and being primarily involved in legitimate food businesses (similar to the Madison outfit).
Chicago Jewish associate Jack Gail claimed in his book that he was tasked by Phil Alderisio in the 60s to go on flights to Baltimore and bring back suitcases full of money. Gail said that Alderisio was very close to the “boss of Baltimore”, who also visited Alderisio in his Teamsters-owned penthouse at Lake Point Tower in Chicago. If Gail was correct, then Alderisio had something in partnership with the Baltimore crew that was bringing in a lot of money, perhaps related to union stuff; Gail didn’t say and probably didn’t know anyway. It’s also unclear to me exactly what years this was happening so I’m not sure if Gail was referring to Corbi or Morici, or both.
[quote=Adam post_id=255326 time=1678395672 user_id=5231]
[quote=dave post_id=255309 time=1678384274 user_id=182]
[quote=faffy444 post_id=255305 time=1678382552 user_id=97]
CORBI'S gambling operation raking in $5000 a month seems like peanuts to me.or did he mean to state he was kicking up $5000 a month ?
[/quote]
It's the 1960s, so that's probably worth $50,000 a month in today's money.
[/quote]
I was curious so I used the inflation calculator, but $5000 in 1965 would be about $47,500 today. So I'm guessing that's not what got kicked up. Just what the crew in Baltimore was bringing in. I don't think anyone is claiming Baltimore had some large crew, so in modern dollars, $570,000 a year split between a relatively small crew, less than ten total guys(made and associates and I'm just guessing a number) it's not terrible.
[/quote]
Yeah I’m no expert but my impression has been that the Gambino Baltimore crew had only a modest involvement in traditional racket operations. From what little I know, most of the gambling in B’More was handled by the Jews, with the mafia having a smaller footprint and being primarily involved in legitimate food businesses (similar to the Madison outfit).
Chicago Jewish associate Jack Gail claimed in his book that he was tasked by Phil Alderisio in the 60s to go on flights to Baltimore and bring back suitcases full of money. Gail said that Alderisio was very close to the “boss of Baltimore”, who also visited Alderisio in his Teamsters-owned penthouse at Lake Point Tower in Chicago. If Gail was correct, then Alderisio had something in partnership with the Baltimore crew that was bringing in a lot of money, perhaps related to union stuff; Gail didn’t say and probably didn’t know anyway. It’s also unclear to me exactly what years this was happening so I’m not sure if Gail was referring to Corbi or Morici, or both.