TommyGambino wrote: ↑Sat Jun 09, 2018 4:59 pm
You put a nigerian out on the street, have them sell these for a couple, tree' bucks a piece. Who's not gonna say, "screw it, give me one.
Forget blue, red sells.
Teddy Persico wrote: ↑Sun Jun 10, 2018 6:04 am
Here’s a couple numbers that have been revealed for Philly. Bent Finger Lou testified that he gave Borgesi and his wife $40k a year from the deleware county rackets. The 2011 indictment had Ligambi and co. controlling 92 joker poker machines. One newspaper report quoted a source saying that they can make $500-$1,000 a week per machine. If that’s split with the bar/restaurant owner, that’s $1.2 million to $2.4 million a year that the Philly family netted.
To add to this here is Natale talking about the streat tax and video poker business during the 90s. Shows just how little money these guy's were bringing in. When taken all in it is clear that Philly is not taking in big money (the tens or hundreds of millions a year that was suggested earlier).
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He also gave an overview of how the mob extorted money from bookmakers, drug dealers and other criminals, especially at Christmas. And on FBI tapes, Natale coached his consigliere, Mazzone, on how to turn a profit with his sports book, despite deadbeat bookmakers.
Natale regarded any illegal activities the purview of La Cosa Nostra, and required those who dealt in gambling, video poker and drugs to pay a "street tax" to continue to operate.
In early 1995, Natale said Merlino organized a "little banquet" for 40 to 50 bookmakers. At a table in the back of the banquet hall, the pair assigned each bookmaker to one of the eight or nine "La Cosa Nostra men" responsible for collecting a weekly "street tax."
"La Cosa Nostra operates on one thing and one thing only - sheer terror," said Natale. "Anybody not turning in money. . .could be hurt, maybe severely, maybe killed."
"We extorted money every week and a big amount at Christmas," he added. Sometimes, Natale would ask for a "loan," with no intention of paying it back.
Natale testified that Milicia's partner, Louis Procacinni, had said they had been operating in the red and had avoided making the payments since early 1995.
Finally, Natale asked Mazzone to get his father-in-law, Joseph Malone, to arrange a meeting with Procaccini. Malone managed Procacinni's gambling business.
After meeting with Merlino and Natale, Procacinni figured it was better to give Natale a $50,000 so-called "loan." Milicia, however, balked.
"He's a hardhead. He don't want to meet with you guys," said Procaccini, according to Natale.
"Do what you have to do," Natale testified he told Merlino. Defendant George Borgesi was to arrange for crash cars, walkie-talkies and a gunman to use a shotgun.
A few days after the botched hit, Natale said he met with Gambino and Merlino in a South Philadelphia bar.
"I tried the best I could. Who the hell knows what happened? [Milicia's girlfriend] started screaming, glass shattered," Natale testified that Gambino and Merlino had told him.
"Maybe it'll still have the same effect," Natale told them. "Maybe it'll still bring everyone in to us."
Natale later met with Milicia, after he recovered, and Milicia and Procaccini willingly paid $1,000 each to Merlino and Natale.
The mob took 15 to 20 of their video-poker machines, forbade them to open new stops and took over their 12th and Annin streets restaurant, Gino's Cafe, Natale said. Then they pooled old and new machines, and 10 LCN members received about $1,000 weekly.
In return, Natale said the mob promised to repay the vendors for taking over the restaurant, which Natale planned to give to Borgesi's uncle, Joseph Ligambi, now considered Philadelphia's acting mob boss.
"We started making a lot of money from video poker," he said.
In June 1998, Natale was arrested on parole violations. Merlino and Borgesi sent him only $600, and his wife and girlfriend received only a couple of thousand dollars each, he said.
It's a new morning in America... fresh, vital. The old cynicism is gone. We have faith in our leaders. We're optimistic as to what becomes of it all. It really boils down to our ability to accept. We don't need pessimism. There are no limits.