by stubbs » Mon Jul 27, 2020 5:34 pm
Wiseguy wrote: ↑Sat Jul 25, 2020 11:45 pm
No, he was an associate (Genovese). But he was a big earner, obviously in the garbage rackets, but also had millions in real estate and other things.
One of the best examples of why the Genovese have long been the Ivy League of the mob: They kept some white collar guys like Ponte as associates so he’d have less of a target on his back from LE. When a guy like that gets busted, the feds/DA can’t claim that he’s a member of the mafia, which helps keeps sentencing down.
I think someone here or on GBB who grew up with his grandkids said the Ponte family net worth is in the hundreds of millions.
[quote=Wiseguy post_id=161171 time=1595745920 user_id=51]
No, he was an associate (Genovese). But he was a big earner, obviously in the garbage rackets, but also had millions in real estate and other things.
[/quote]
One of the best examples of why the Genovese have long been the Ivy League of the mob: They kept some white collar guys like Ponte as associates so he’d have less of a target on his back from LE. When a guy like that gets busted, the feds/DA can’t claim that he’s a member of the mafia, which helps keeps sentencing down.
I think someone here or on GBB who grew up with his grandkids said the Ponte family net worth is in the hundreds of millions.