SonnyBlackstein wrote: ↑Sat Feb 10, 2018 10:06 pm
.... and a shoe store?
A shoe store?
Ha. That’s gold.
"Sneaker Crazy" at 8223 153rd Avenue. Gotta put your money somewhere I guess...
Ghetto.
actually... quite the opposite. BK is infested w hipsters who only shop at "indie" stores.
that and shoes are the biggest collectible and fanatics these days. jordans go up to 500. YEEZYS go for 1500.
WTF is a 'YEEZY' lol.
The Gold Club here in ATL is sadly closed.
Has been closed for years. The Gilardo family
connected to Detroit has many strip clubs here
in ATL. Crazy Horse. Crazy Horse 2. Masters.
AndyHaHa wrote: ↑Sat Feb 10, 2018 12:44 am
Giallanzo from the Bonnanos had a gigantic shy book especially for this day and age
$3 million on the streets, as well as a home burglary ring, bookmaking biz and a shoe store. Allegedly made $26 million by 2017
How do you come up with an accurate estimate of somebody’s earnings?
It was detailed in his March 2017 indictment.
Rule of thumb...if that’s his gross income, his take home is about 10% of that...Net Worth is a much different ball game than earnings.
"I figure I’m gonna have to do about 6000 years before I get accepted into heaven. And 6000 years is nothing in eternity terms. I can do that standing on my head. It’s like a couple of days here."
AndyHaHa wrote: ↑Sat Feb 10, 2018 12:44 am
Giallanzo from the Bonnanos had a gigantic shy book especially for this day and age
$3 million on the streets, as well as a home burglary ring, bookmaking biz and a shoe store. Allegedly made $26 million by 2017
How do you come up with an accurate estimate of somebody’s earnings?
It was detailed in his March 2017 indictment.
Rule of thumb...if that’s his gross income, his take home is about 10% of that...Net Worth is a much different ball game than earnings.
100% correct... Just like when they said Al Capone's income was $100 Million. NO, that was the GROSS income from ALL rackets in 1929. His PERSONAL net income was around 5 or 10% of that number. When people start throwing around these big numbers concerning income OR net worth, they are always WAY exaggerated and inaccurate for a number of reasons including Gross versus Net and including other unknown partners who absorb what is left over when the guy died. There are countless stories I've read about mobsters families not inheriting anywhere NEAR what they expected.
AndyHaHa wrote: ↑Sat Feb 10, 2018 12:44 am
Giallanzo from the Bonnanos had a gigantic shy book especially for this day and age
$3 million on the streets, as well as a home burglary ring, bookmaking biz and a shoe store. Allegedly made $26 million by 2017
How do you come up with an accurate estimate of somebody’s earnings?
It was detailed in his March 2017 indictment.
Rule of thumb...if that’s his gross income, his take home is about 10% of that...Net Worth is a much different ball game than earnings.
I don't recall them ever mentioning his net worth, but they said that he made $26 million from 2000 to 2017 from the crimes detailed in the indictment. That's about $1.5 mil a year but he probably made more money from crimes that aren't in the indictment, or from his legit businesses.
AndyHaHa wrote: ↑Sat Feb 10, 2018 12:44 am
Giallanzo from the Bonnanos had a gigantic shy book especially for this day and age
$3 million on the streets, as well as a home burglary ring, bookmaking biz and a shoe store. Allegedly made $26 million by 2017
How do you come up with an accurate estimate of somebody’s earnings?
It was detailed in his March 2017 indictment.
Rule of thumb...if that’s his gross income, his take home is about 10% of that...Net Worth is a much different ball game than earnings.
I don't recall them ever mentioning his net worth, but they said that he made $26 million from 2000 to 2017 from the crimes detailed in the indictment. That's about $1.5 mil a year but he probably made more money from crimes that aren't in the indictment, or from his legit businesses.
$26 million was the figure the feds put on the crew's earnings from 1998 and 2017. Not sure how they came to that number though.
Bookmaking is easily number one I know first hand how profitable that is.. and then loansharking goes hand in hand with it.. The thing with credit cards now though compared to before is now when you use a card people get texts or emails right away if they think its an unusual amount for a card and some other things that make it harder to use the numbers once you aquire them I feel like thats a dying racket... With the video poker machines do they just go to random businesses and ask if they want a poker machine and offer to split the take 50/50 or do they just put them in all mob owned businesses.. Also one thing with the mob vs the blacks and other groups is they have so many businesses that laundering money is the easiest thing in the world for them. Also looks like crypto was a quick fad I figured the mob would try to get into that for anything they could
maninblack wrote: ↑Mon Feb 26, 2018 4:21 pm
Bookmaking is easily number one I know first hand how profitable that is.. and then loansharking goes hand in hand with it.. The thing with credit cards now though compared to before is now when you use a card people get texts or emails right away if they think its an unusual amount for a card and some other things that make it harder to use the numbers once you aquire them I feel like thats a dying racket... With the video poker machines do they just go to random businesses and ask if they want a poker machine and offer to split the take 50/50 or do they just put them in all mob owned businesses.. Also one thing with the mob vs the blacks and other groups is they have so many businesses that laundering money is the easiest thing in the world for them. Also looks like crypto was a quick fad I figured the mob would try to get into that for anything they could
@maninblack - Video Poker Machines are pretty big in Philly and have been as far back as the late 70s. As a matter of fact, they've been a part of every RICO trial in Philly since Scarfo and as recent as Joe Ligambi's recent RICO trial in 2011-2012. George Anastasia had an article detailing how Gaeton Lucibello, who is a longtime Philly mobster, approached a non-mob operated bar/restaurant and put his machines (see link below. Info/Answers to your question about splits and putting machines in bars, etc can be found in bottom half of the article). The article also details how the splits work between the mob and the owner of the establishment, etc. Also details profitably and stuff like that. Seems like the machines aren't quite as profitable as they once were and basically become less and less profitable as years by, but at one point in 2000 when Ralph Natalie was testifying in the first Merlino RICO Trial, he said that the Video Poker Machines were more lucrative than drugs so I guess take that for what it's worth. Anyways, here's the link to the article (as mentioned above go to the bottom half of the article for the parts that will answer your above question).
AndyHaHa wrote: ↑Sat Feb 10, 2018 12:44 am
Giallanzo from the Bonnanos had a gigantic shy book especially for this day and age
$3 million on the streets, as well as a home burglary ring, bookmaking biz and a shoe store. Allegedly made $26 million by 2017
How do you come up with an accurate estimate of somebody’s earnings?
It was detailed in his March 2017 indictment.
I think that was a fixed forfeiture number set by the government in case Giallanzo or any of his associates will be found guilty and not what the crew´s actual earnings were, which of course are impossible to know. In that number, real properties are also included. The exact number is $26,027,088.63.
AndyHaHa wrote: ↑Sat Feb 10, 2018 12:44 am
Giallanzo from the Bonnanos had a gigantic shy book especially for this day and age
$3 million on the streets, as well as a home burglary ring, bookmaking biz and a shoe store. Allegedly made $26 million by 2017
How do you come up with an accurate estimate of somebody’s earnings?
It was detailed in his March 2017 indictment.
I think that was a fixed forfeiture number set by the government in case Giallanzo or any of his associates will be found guilty and not what the crew´s actual earnings were, which of course are impossible to know. In that number, real properties are also included. The exact number is $26,027,088.63.
Good stuff HK. I just went back to the official press release now:
"As a result of their illegal activities, including loansharking, illegal gambling, robbery, extortion and other offenses, the defendants earned over $26 million in illicit proceeds, which the indictment alleges will be subject to forfeiture if the defendants are convicted."
maninblack wrote: ↑Mon Feb 26, 2018 4:21 pm
Bookmaking is easily number one I know first hand how profitable that is.. and then loansharking goes hand in hand with it.. The thing with credit cards now though compared to before is now when you use a card people get texts or emails right away if they think its an unusual amount for a card and some other things that make it harder to use the numbers once you aquire them I feel like thats a dying racket... With the video poker machines do they just go to random businesses and ask if they want a poker machine and offer to split the take 50/50 or do they just put them in all mob owned businesses.. Also one thing with the mob vs the blacks and other groups is they have so many businesses that laundering money is the easiest thing in the world for them. Also looks like crypto was a quick fad I figured the mob would try to get into that for anything they could
@maninblack - Video Poker Machines are pretty big in Philly and have been as far back as the late 70s. As a matter of fact, they've been a part of every RICO trial in Philly since Scarfo and as recent as Joe Ligambi's recent RICO trial in 2011-2012. George Anastasia had an article detailing how Gaeton Lucibello, who is a longtime Philly mobster, approached a non-mob operated bar/restaurant and put his machines (see link below. Info/Answers to your question about splits and putting machines in bars, etc can be found in bottom half of the article). The article also details how the splits work between the mob and the owner of the establishment, etc. Also details profitably and stuff like that. Seems like the machines aren't quite as profitable as they once were and basically become less and less profitable as years by, but at one point in 2000 when Ralph Natalie was testifying in the first Merlino RICO Trial, he said that the Video Poker Machines were more lucrative than drugs so I guess take that for what it's worth. Anyways, here's the link to the article (as mentioned above go to the bottom half of the article for the parts that will answer your above question).
Yeah i'm a Phily guy i'm well aware of all the stories with Philly and Video poker machines but what I'm asking is do they mostly just put then in thier own businesses or do they go into other businesses offering to install one for a 50/50 split or something like that
Yes its a 50-50 split . The business owner has nothing 2 do nothing. But sit back and collect his money . Years ago my uncle had a pool room . He had 2 machines in it . Once a week the “fellas” would send some1 down to empty the machine my uncle would show the receipts for what he paid out . They would give my uncle half of the profit and be on there way . Easy money
maninblack wrote: ↑Wed Feb 28, 2018 10:56 pm
Yeah i'm a Phily guy i'm well aware of all the stories with Philly and Video poker machines but what I'm asking is do they mostly just put then in thier own businesses or do they go into other businesses offering to install one for a 50/50 split or something like that
Both. For instance, the M&P route Ligambi and his guys took over had 34 machines in 20 locations.
