General Chicago Outfit Info Dumping Ground

[Snakes]

There were less pieces of the pie to go around by then.

[Villain]

There were less pieces of the pie to go around by then.

I agree and i think it was probably just one of the reasons for which the so-called made status in the Outfit received additional significance during those days.

[Villain]

I have few questions for you guys since i want to hear your opinion about this particular situation...

On October 11, 1967, the boys from Cicero scheduled a huge lavish party for Alex at the MGM Lounge. At the last minute, the group changed the location of the party to Martin’s Restaurant on Roosevelt Road. Obviously the gangsters changed the place in the last minute just to avoid any government surveillance. Those who attended the party were Alex and Aiuppa, and Bucky Ortenzi, Larry Rassano, Tony DeMaio, Sam Rizzo, Phil Tolameo and Don Dimitrious.

Later they were joined by Tony Champagne, an Outfit attorney, and Christy Perkos, a Cicero public official, and the feds stated that the business part of the meeting was about the investigations on Cicero gambling ops, but the they didnt know the reason behind the celebration.

Do we know what was the reason for Aiuppa and his crew throwing a party for Alex? Maybe Alex helped them in some government case regarding one of their members or associates? Or maybe they made some luceative deal?

I know Alex was extremely cautious individual when dealing in illegal stuff or attending meetings about it, but this was allegedly a simple celebration. Ive seen numrous examples in which Alex showed up at weddings or any type of lavish parties without a problem. But in this case they changed their meeting place to avoid any government surveillance, which throws a doubt if this was a simple celebration.

So this rises another question on whether this meeting was about some illegal deal OR Alex was brought to be introduced to the newest member of the Aiuppa crew and they threw a small celebration, meaning is it possible that the Aiuppa crew previously had an induction ceremony?

Alex had interests all around Cicero and was closely connected to Aiuppas crew in all types of illegal businesses in the same area, including MP and the South Side.

According to the reports we have from that period, during those days the Outfit still didnt use the traditional type of induction but we dont have information if important Outfit non-Itals waited outside and later greeted the newest member.

But according to some reports regarding families similar to the Outfit, after the whole induction process was finished, the non-Ital bosses allegedly waited outside and congratulated the new member and later all of them went to a dinner to celebrate.

If we look at the attendees, besides Aiuppa (capo) and Alex (representative for the South Side "family" or the old Capone faction), others were Ortenzi, Rassano, DeMaio, Rizzo and Tolameo, while Dimitrious was Alexs chauffeur at the time. So maybe one of the Italians was made that same night (1967)?

Whats your opinion guys?

[PolackTony]

If I’m not mistaken, Teddy DeRose stated that the important non-Itals waited outside of the banquet when a new member was inducted and were introduced to him after.

[Villain]

If I’m not mistaken, Teddy DeRose stated that the important non-Itals waited outside of the banquet when a new member was inducted and were introduced to him after.

Yes, I forgot about DeRose. Thanks.

[SolarSolano]

Was Phil Tolomeo the father or a relation to Philly Beans Tolomeo who worked with the Calabrese crew?

[funkster]

Don't anything about this guy, looks like he was involved in the old Carlisi indictment.

https://www.chicagotribune.com/news/cri ... story.html

[SolarSolano]

Don't anything about this guy, looks like he was involved in the old Carlisi indictment.

https://www.chicagotribune.com/news/cri ... story.html

This is very similar to what Mickey Marcello was doing last year and got pinched for, right? Pretty straightforward income tax evasion.

[Snakes]

What's the guy's name? I can't view the link, even incognito.

[Antiliar]

Lake County business owner once linked to Chicago Outfit case sentenced to 2 years in prison for tax evasion
By JASON MEISNER
CHICAGO TRIBUNE |
OCT 26, 2021 AT 4:40 PM

A Lake County business owner whose name surfaced decades ago in a racketeering case against the leader of the Chicago Outfit was sentenced Tuesday to two years in prison for skirting nearly $2.5 million in federal and state taxes by hiding income through a complex web of companies and trusts.

Anthony Panico, 68, of Libertyville, pleaded guilty earlier this year to income tax evasion, admitting in a plea agreement with prosecutors to hiding nearly $10 million in income from tax collectors over a nine-year period.

In sentencing Panico to two years behind bars, U.S. District Judge John Lee said Panico’s crimes weren’t a one-off act done out of financial desperation, but a “complex, ongoing scheme that took great effort to perpetuate year after year after year.”

Panico is the patriarch of a family empire that includes the Post Time Sports Bar and Grille in Green Oaks, a popular bar that includes video gaming machines and off-track betting, records show.

He’s also made millions in real estate and other ventures, many of which were listed in the names of relatives or other associates to hide the trail of cash, according to prosecutors.

In a sentencing memo filed last month, prosecutors said that despite his growing financial portfolio, Panico stopped filing both state and federal income tax returns in 1992, the same year he was named — but not charged — in a racketeering indictment against Sam “Wings” Carlisi, then the leader of the Chicago Outfit.

According to the charges in the Carlisi case, Panico was tapped by a member of Carlisi’s crew to pay off juice loans from a deadbeat bettor. Carlisi was convicted in 1993 and later died in prison.

In asking for a sentence of probation, Panico’s attorney, Leigh Roadman, called the mention of the Carlisi case a “sideshow,” noting the fact that Panico was never charged likely meant “the government didn’t have the evidence.”

Roadman described Panico as a dedicated family man who has admitted to making mistakes and has already repaid the nearly $2.5 million in back taxes he owed.

But Assistant U.S. Attorney Patrick King said sparing Panico from prison “would be nothing short of an outrage” given the breadth and length of his crimes.

Before he was sentenced, Panico issued a brief apology to the court and his family members, saying he’s always tried to be fair and “tried to treat people how I’d like to be treated.”

“I’ve made a lot of bad choices and bad decisions in my life,” he said. “I made this bad choice in not filing returns. ... It was a big mistake and I shouldn’t have done it.”

Panico admitted in his plea that he used the hidden income for personal expenses, including college tuition for family members, payments on credit cards and large cash withdrawals.

Also, on multiple occasions, Panico “transferred funds to the Mirage Casino in Las Vegas” while disguising the true reason for the transfer, the plea agreement stated.

In all, Panico earned at least $9.2 million over an eight-year period beginning in 2010, but never filed a personal income tax return for any of those years, according to the plea agreement.

[Villain]

Thanks Anti. This is great news and it aint small potatoes at all.

"Also, on multiple occasions, Panico “transferred funds to the Mirage Casino in Las Vegas” while disguising the true reason for the transfer, the plea agreement stated"

[Tonyd621]

Lake County business owner once linked to Chicago Outfit case sentenced to 2 years in prison for tax evasion
By JASON MEISNER
CHICAGO TRIBUNE |
OCT 26, 2021 AT 4:40 PM

A Lake County business owner whose name surfaced decades ago in a racketeering case against the leader of the Chicago Outfit was sentenced Tuesday to two years in prison for skirting nearly $2.5 million in federal and state taxes by hiding income through a complex web of companies and trusts.

Anthony Panico, 68, of Libertyville, pleaded guilty earlier this year to income tax evasion, admitting in a plea agreement with prosecutors to hiding nearly $10 million in income from tax collectors over a nine-year period.

In sentencing Panico to two years behind bars, U.S. District Judge John Lee said Panico’s crimes weren’t a one-off act done out of financial desperation, but a “complex, ongoing scheme that took great effort to perpetuate year after year after year.”

Panico is the patriarch of a family empire that includes the Post Time Sports Bar and Grille in Green Oaks, a popular bar that includes video gaming machines and off-track betting, records show.

He’s also made millions in real estate and other ventures, many of which were listed in the names of relatives or other associates to hide the trail of cash, according to prosecutors.

In a sentencing memo filed last month, prosecutors said that despite his growing financial portfolio, Panico stopped filing both state and federal income tax returns in 1992, the same year he was named — but not charged — in a racketeering indictment against Sam “Wings” Carlisi, then the leader of the Chicago Outfit.

According to the charges in the Carlisi case, Panico was tapped by a member of Carlisi’s crew to pay off juice loans from a deadbeat bettor. Carlisi was convicted in 1993 and later died in prison.

In asking for a sentence of probation, Panico’s attorney, Leigh Roadman, called the mention of the Carlisi case a “sideshow,” noting the fact that Panico was never charged likely meant “the government didn’t have the evidence.”

Roadman described Panico as a dedicated family man who has admitted to making mistakes and has already repaid the nearly $2.5 million in back taxes he owed.

But Assistant U.S. Attorney Patrick King said sparing Panico from prison “would be nothing short of an outrage” given the breadth and length of his crimes.

Before he was sentenced, Panico issued a brief apology to the court and his family members, saying he’s always tried to be fair and “tried to treat people how I’d like to be treated.”

“I’ve made a lot of bad choices and bad decisions in my life,” he said. “I made this bad choice in not filing returns. ... It was a big mistake and I shouldn’t have done it.”

Panico admitted in his plea that he used the hidden income for personal expenses, including college tuition for family members, payments on credit cards and large cash withdrawals.

Also, on multiple occasions, Panico “transferred funds to the Mirage Casino in Las Vegas” while disguising the true reason for the transfer, the plea agreement stated.

In all, Panico earned at least $9.2 million over an eight-year period beginning in 2010, but never filed a personal income tax return for any of those years, according to the plea agreement.

What is the reason for not filing tax returns? I mean isn't in the like mob handbook since AL Capone days?

[funkster]

Anyone ever hear of the guy? I don’t even remember him from the Carlisi takedown.

[Snakes]

Anyone ever hear of the guy? I don’t even remember him from the Carlisi takedown.

He wasn't indicted in that case but he helped one of the extortion victims in the case pay off a juice loan to Brett O'Dell.

[SolarSolano]

He clearly paid off someone's debt at the Mirage, right? I can't really see another angle for this. Wonder who it was lol.

I've been to Sports Post bar in Libertyville several times and it was certainly the largest gaming parlor in Lake County unless anyone knows better. I also believe the Panico's own Trattoria Pamigliano.