by Villain » Fri Feb 23, 2018 12:17 am
In fact thats how these guys invested their dirty cash.
Heres another example..."Battaglia lived in a big house at 1114 N. Ridgeland in Oak Park. In those days if you were considered a big shot in the Chicago Outfit, there was no better place to buy a home than Oak Park and River Forest. Battaglia's home was valued at $50,000 or $390,000 in 2015 dollars. Bataglia also owned a huge 400 acre farm since the late 1940’s, which was located 55 miles northwest of Chicago on Damisch Road in Pingree Grove, Illinois. It was a huge land which was named The Free Meadows Stock Farm and Horse Breeders and was listed to the caretaker of the place known as Bill Meyers. The farm was located one-half mile north of Pingree Grove, on the east side of Damisch Road with land holdings on both sides of the highway, the more extensive being on the east side. In fact, the property had three different residences, a very large modern swimming pool, a race track and several barns. On all of the property Battaglia had signs posted indicating that the land was posted for shooting games and that all trespassers would be arrested. A mailbox which was placed at one of the entrances of the farm bore the name of Bill Meyers. The farm was valued at $500,000, or 4 million dollars in today’s money. Battaglia owned very expensive trained race horses at the farm and also all kinds of animal stock. Battaglia’s horses were used at the Arlington Park Race Track in Arlington Park, Illinois. Battaglia’s trainer for the horses was Arnold Winick, brother of Albert Winick president of The Rallson Corporation. Battaglia secretly owned the Arlington Race Track and constantly visited the place and gave orders to Albert Winick. Battaglia’s underling Joseph Rocco was also a horse trainer at the farm and was also a constant companion of his boss. Battaglia became very well known in the farming community of Pingree Grove and also a very respectable citizen in that area. Many low level hoodlums visited Battaglia at this place where he usually used them for painting fences or do some repairs on the farm buildings. He even used this farm for loan sharking activities or in underworld slang, juice operations. For example Sid Sheridan, who was a local contractor, was on “juice” to Battaglia. Sheridan was paying off his juice loan by boarding horses at the farm, and paid $60 per month for each one of them. Most of the horses were sold to Sheridan by Battaglia at an extremely over-valued price and that on this semblance of legal transaction Battaglia was able to issue the juice loans.
Battaglia also owned 200 acres of property in Kane County, Illinois and also in Aurora, Illinois. The name of Battaglia’s sidekick Joseph Rocco was in the records of the Marshall Savings and Loan Company as regards the purchase of a sizeable piece of real estate near Aurora by an Oakhurst realty company. "
"In 1948, Paul Ricca owned a summer estate which was located near Long Beach, Indiana, and worth about $100,000 at the time. The estate had a tennis court and huge underground garage which was large enough for fifty cars. He also had a farm in Kendall County, Illinois, about 1,100 acres there, which has been managed, or was, during his imprisonment by Francis Curry, a coin machine racket boss from the Joliet area. Few years later Ricca also bought another huge $80,000 mansion in Miami Beach at 4385 Pine Tree Drive, which was one of the swankiest sections of the resort city. Before buying the house Ricca complied with local police regulations relating to ex-convicts.
Also when the National Syndicate took over the International Teamster Union during the mid 1950’s, which was headed by Jimmy Hoffa, Ricca again exercised his power by directing Hoffa to purchase Ricca's summer house for $150,000, even though the property was valued at only $85,000. So on June 19, 1956, since the property was on the name of Ricca’s wife Nancy, she first deeded it to one of Ricca’s attorneys James Imburgio Bulger and later on August 8, Bulger sold the property to the Teamsters."
In fact thats how these guys invested their dirty cash.
Heres another example..."Battaglia lived in a big house at 1114 N. Ridgeland in Oak Park. In those days if you were considered a big shot in the Chicago Outfit, there was no better place to buy a home than Oak Park and River Forest. Battaglia's home was valued at $50,000 or $390,000 in 2015 dollars. Bataglia also owned a huge 400 acre farm since the late 1940’s, which was located 55 miles northwest of Chicago on Damisch Road in Pingree Grove, Illinois. It was a huge land which was named The Free Meadows Stock Farm and Horse Breeders and was listed to the caretaker of the place known as Bill Meyers. The farm was located one-half mile north of Pingree Grove, on the east side of Damisch Road with land holdings on both sides of the highway, the more extensive being on the east side. In fact, the property had three different residences, a very large modern swimming pool, a race track and several barns. On all of the property Battaglia had signs posted indicating that the land was posted for shooting games and that all trespassers would be arrested. A mailbox which was placed at one of the entrances of the farm bore the name of Bill Meyers. The farm was valued at $500,000, or 4 million dollars in today’s money. Battaglia owned very expensive trained race horses at the farm and also all kinds of animal stock. Battaglia’s horses were used at the Arlington Park Race Track in Arlington Park, Illinois. Battaglia’s trainer for the horses was Arnold Winick, brother of Albert Winick president of The Rallson Corporation. Battaglia secretly owned the Arlington Race Track and constantly visited the place and gave orders to Albert Winick. Battaglia’s underling Joseph Rocco was also a horse trainer at the farm and was also a constant companion of his boss. Battaglia became very well known in the farming community of Pingree Grove and also a very respectable citizen in that area. Many low level hoodlums visited Battaglia at this place where he usually used them for painting fences or do some repairs on the farm buildings. He even used this farm for loan sharking activities or in underworld slang, juice operations. For example Sid Sheridan, who was a local contractor, was on “juice” to Battaglia. Sheridan was paying off his juice loan by boarding horses at the farm, and paid $60 per month for each one of them. Most of the horses were sold to Sheridan by Battaglia at an extremely over-valued price and that on this semblance of legal transaction Battaglia was able to issue the juice loans.
Battaglia also owned 200 acres of property in Kane County, Illinois and also in Aurora, Illinois. The name of Battaglia’s sidekick Joseph Rocco was in the records of the Marshall Savings and Loan Company as regards the purchase of a sizeable piece of real estate near Aurora by an Oakhurst realty company. "
"In 1948, Paul Ricca owned a summer estate which was located near Long Beach, Indiana, and worth about $100,000 at the time. The estate had a tennis court and huge underground garage which was large enough for fifty cars. He also had a farm in Kendall County, Illinois, about 1,100 acres there, which has been managed, or was, during his imprisonment by Francis Curry, a coin machine racket boss from the Joliet area. Few years later Ricca also bought another huge $80,000 mansion in Miami Beach at 4385 Pine Tree Drive, which was one of the swankiest sections of the resort city. Before buying the house Ricca complied with local police regulations relating to ex-convicts.
Also when the National Syndicate took over the International Teamster Union during the mid 1950’s, which was headed by Jimmy Hoffa, Ricca again exercised his power by directing Hoffa to purchase Ricca's summer house for $150,000, even though the property was valued at only $85,000. So on June 19, 1956, since the property was on the name of Ricca’s wife Nancy, she first deeded it to one of Ricca’s attorneys James Imburgio Bulger and later on August 8, Bulger sold the property to the Teamsters."