How did the five families protect their financial interests?
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How did the five families protect their financial interests?
Firstoff, Blackhand is by far the best community and forum to learn, share and research organized crime history and current events.
With that being said, my question is regarding how everyone on the forum here thinks or knows about what takes place at a family hierarchy gathering, boss initiated or full-fledged Commission meeting after an event such as Gravano, Massino, Vitale etc flipping on the family and other families.
How is that going to impact the families', and the Commission's own business interests and assets? What have they done in these scenarios?
(I am assuming the Commission and Families themselves hold several franchises and a diversified super fund of real estate, interests in trade unions whether off the books or on, companies connected to the trades, parts distribution and retail, wholesale services consulting etc., the result: controlling state municipalities and sovereign governments to a large degree by providing relatively reliable labor peace and helping state and federal budgets to be raised by ensuring these infrastructure projects are completed quickly with no hassles, then governments keep borrowing and binging on ever greater and more magnificent buildings and super-structures, roads, bridges and tunnels, surveillance systems and technologies to either track you, tax you, spy on you and everyone else or as we have seen today even suicide you if you know too much.
I imagine the Commission or individual bosses must use their treasure chests actively for higher level Intel from corrupt law enforcement, hackers, and other valuable in the know persons.
There are indications of some level of organized crime and MIC/Alphabet soup joint-ventures. Bonanno family for certain.
(Sorry to get off topic there and rant a bit but I'm sure most of you here are aware that the tentacles run deep between the governments and organized crime groups, they depend on each other to a large degree. Especially considering narco-economy.)
I know there are going to be alot of funny responses in reply to the question (like shit a brick & make novenas) and I am looking forward to them, I can think of a few myself but seriously I am thinking about it logistically and legally how they were able to preserve their assets after they were faced with a high-level member defection. They would no doubt have to act incredibly fast and it must have been a logistical nightmare and manhunt and real clusterfu*k, don't you think? I mean they literally had hours to act, before they were locked in.
Like when Massino the sitting boss flipped, Vitale, a former underboss flipped, Gravano the underboss flips, how did the immediate family structure preserve and protect all of the family's business interests from the federal and state governments considering that the boss/underboss would have had a near complete knowledge of all Bonanno/Gambino etc family incomes and interests going very far back.
I mean Massino's knowledge of the Bonanno family alone must be massive. Every single penny and scheme is accounted for. Same goes for Vitale, Gravano and Casso. They need to be interviewed at length for LCN history to be recorded or at least their version of it. IMHO
All of the most critical bread and butter rackets had to be restructured, sold, transferred?
Did they leave anything for the family and maybe friends alone?
We know Gravano made his deal with the devil based on leaving his crew out and not giving them up, but what about Casso when he flipped or Massino for that matter?
The first thing the feds would look to do is seize assets, so a detailed account of all family assets and finance would be a priority debriefing. Have we ever seen this financial or asset debriefing assessment addressed in FBI or other investigative entity's files, reports or other official references?
And I have to seriously question why there have not been massive arrests of the entire family structure when a boss or high level member flips? You would think the feds would want to be able to publicize jailing/ending an entire organized crime family, potentially hundreds of members.
That kind of publicity and notoriety would transform ambitious prosecutors into sitting presidents. "A man who gets things done!" Could be the campaign slogan. Among others.
I am no legal expert or attorney but surely Federal law provides for evidence to be introduced for the purposes of proving criminal source of funds in the inception at purchase, a later buy-in, interest transfer or hostile takeover of legal assets identified as owned by a member or the family itself based on the knowledge and testimony of the high-level defector.
Seizures and sales of mafia family business interests and assets seem to be a rare occurence, it appears simple to prove legitimate businesses were originally funded with criminal proceeds when a high-level member flips. It would decimate a family completely if all is revealed.
***Does the government literally "have to" let the organized crime families live because of any particular reason not generally known to the public?***
I would think the damage of a sitting boss and/or underboss flipping would have had a much more massive impact than it actually did to the Bonnanos, Lucs and Gambinos etc when a high-level member rats.
Your thoughts on these questions are appreciated in advance.
With that being said, my question is regarding how everyone on the forum here thinks or knows about what takes place at a family hierarchy gathering, boss initiated or full-fledged Commission meeting after an event such as Gravano, Massino, Vitale etc flipping on the family and other families.
How is that going to impact the families', and the Commission's own business interests and assets? What have they done in these scenarios?
(I am assuming the Commission and Families themselves hold several franchises and a diversified super fund of real estate, interests in trade unions whether off the books or on, companies connected to the trades, parts distribution and retail, wholesale services consulting etc., the result: controlling state municipalities and sovereign governments to a large degree by providing relatively reliable labor peace and helping state and federal budgets to be raised by ensuring these infrastructure projects are completed quickly with no hassles, then governments keep borrowing and binging on ever greater and more magnificent buildings and super-structures, roads, bridges and tunnels, surveillance systems and technologies to either track you, tax you, spy on you and everyone else or as we have seen today even suicide you if you know too much.
I imagine the Commission or individual bosses must use their treasure chests actively for higher level Intel from corrupt law enforcement, hackers, and other valuable in the know persons.
There are indications of some level of organized crime and MIC/Alphabet soup joint-ventures. Bonanno family for certain.
(Sorry to get off topic there and rant a bit but I'm sure most of you here are aware that the tentacles run deep between the governments and organized crime groups, they depend on each other to a large degree. Especially considering narco-economy.)
I know there are going to be alot of funny responses in reply to the question (like shit a brick & make novenas) and I am looking forward to them, I can think of a few myself but seriously I am thinking about it logistically and legally how they were able to preserve their assets after they were faced with a high-level member defection. They would no doubt have to act incredibly fast and it must have been a logistical nightmare and manhunt and real clusterfu*k, don't you think? I mean they literally had hours to act, before they were locked in.
Like when Massino the sitting boss flipped, Vitale, a former underboss flipped, Gravano the underboss flips, how did the immediate family structure preserve and protect all of the family's business interests from the federal and state governments considering that the boss/underboss would have had a near complete knowledge of all Bonanno/Gambino etc family incomes and interests going very far back.
I mean Massino's knowledge of the Bonanno family alone must be massive. Every single penny and scheme is accounted for. Same goes for Vitale, Gravano and Casso. They need to be interviewed at length for LCN history to be recorded or at least their version of it. IMHO
All of the most critical bread and butter rackets had to be restructured, sold, transferred?
Did they leave anything for the family and maybe friends alone?
We know Gravano made his deal with the devil based on leaving his crew out and not giving them up, but what about Casso when he flipped or Massino for that matter?
The first thing the feds would look to do is seize assets, so a detailed account of all family assets and finance would be a priority debriefing. Have we ever seen this financial or asset debriefing assessment addressed in FBI or other investigative entity's files, reports or other official references?
And I have to seriously question why there have not been massive arrests of the entire family structure when a boss or high level member flips? You would think the feds would want to be able to publicize jailing/ending an entire organized crime family, potentially hundreds of members.
That kind of publicity and notoriety would transform ambitious prosecutors into sitting presidents. "A man who gets things done!" Could be the campaign slogan. Among others.
I am no legal expert or attorney but surely Federal law provides for evidence to be introduced for the purposes of proving criminal source of funds in the inception at purchase, a later buy-in, interest transfer or hostile takeover of legal assets identified as owned by a member or the family itself based on the knowledge and testimony of the high-level defector.
Seizures and sales of mafia family business interests and assets seem to be a rare occurence, it appears simple to prove legitimate businesses were originally funded with criminal proceeds when a high-level member flips. It would decimate a family completely if all is revealed.
***Does the government literally "have to" let the organized crime families live because of any particular reason not generally known to the public?***
I would think the damage of a sitting boss and/or underboss flipping would have had a much more massive impact than it actually did to the Bonnanos, Lucs and Gambinos etc when a high-level member rats.
Your thoughts on these questions are appreciated in advance.
Re: How did the five families protect their financial interests?
Hey 500year. I can’t comment on the Mafia’s earlier history, but I can give a bit of insight for the timeframe you are referring to, which seems to be the 1980s-Present, when Gravano, Vitale, and Massino all flipped.
In terms of recent LCN history (1980-Onwards), there are a very few “family-wide” rackets, i.e. rackets or business interests that the whole family can benefit from. Ones I can think about are certain unions where everybody and their aunt is given a no-show job, or interests in the Italian feasts. But other than a few small examples, there are almost no family-owned rackets, and there are definitely no on-paper family-owned assets. When I say family I am, of course, referring to crime families.
Instead, the Mafia is more a collection of criminals who each make money however they please under the protection and strict guidelines of whatever crime family they’re in. Whereas individual members of a family work together on a specific racket (oftentimes a whole crew works together on a certain racket) there are actually few, if any, family-wide business interests that the boss keeps track of.
What this means is that somebody like Joseph Massino will have very little knowledge of what the 150 or so soldiers in his family are doing to earn a living. Soldiers are not obligated to give anybody a detailed breakdown of what they’re doing; presumably, they’d tell their immediate higher-up (their capo) what sort of rackets they’re involved in, but that’s the extent. All soldiers have to do is give an envelope every week that somewhat reflects a portion of their income. The capo takes the envelope, takes some cash for himself, and is supposed to give the envelope to the administration (boss, underboss and consigliere), who disperse it among themselves.
Historically, some bosses have been more “hands-on” with low-level soldiers, but in general all they are hoping for is an envelope stuffed with cash every month. Street-level soldiers are generally involved in blue-collar rackets such as illegal gambling, loansharking, drug-dealing, extortion, etc. Some capos/soldiers have sway in unions, which the boss will often involve himself in, and other capos/soldiers may have more sophisticated white-collar rackets like stock fraud, union scams, etc.
My area of expertise is the Colombo family, so I can give you some examples (from the 1980s-Present) of the boss’ involvement in his underlings rackets.
For starters, the Mafia Commission DID have a collective “asset” up until 1986; the Concrete Club. This was not an official or registered “club,” but was basically a Mafia-controlled group of concrete contractors. The Mafia illegally prevented the contractors from bidding on jobs over $1 million, and instead handpicked which company would do the contract. This meant that there was no competitive bidding for concrete contracts, so contractors could charge exorbitant fees and the buyer could not go to any other concrete company who would do the job for cheaper. The Mafia then imposed a tax on the contractors which earned them millions.
This, in effect, was a Commission-owned asset. The reason the bosses got involved was because each crime family had different contractors under their protection, so the families collaborated to make sure each Mafia-backed contractor received a fair piece. A similar thing happened with Windows Contracting, until a bust in 1990.
Since then, there have been no Commission-wide business interests or assets (to the best of my knowledge). Crime families still cooperate and negotiate with each other, over things such as territory, or a shared interest in a particular union or racket.
One example of this is the shared Colombo/Genovese control over Locals 14 and 15 of the International Union of Operating Engineers. After a bust in 2003, state Attorney General Elliot Spitzer called the Colombo/Genovese collaboration as a “joint venture” that “would be the envy of Wall Street.” The Colombo family allegedly controlled the union’s business interests in Brooklyn, while the Genovese controlled their interests in Manhattan (which was likely a lot more profitable).
With this control, the two families extorted cash bribes from construction contractors to ensure “labor piece.” Mobsters would also buy things to bill to contractors, including TVs, VCRs, and even fur coats. Union positions were also bought and sold.
In this case, the only reason the bosses themselves were brought into the scheme is because they would sometimes have to represent their family in sitdowns. For the Colombos, underboss John DeRoss had a very hands-on role with the union control. The family’s acting boss, Joel Cacace, was not actually heavily involved with the union, but - as tribute - the Colombos in charge of the union - John DeRoss, capo Vincent Ricciardo and soldier Charles Panarella - gave Cacace’s children “no-show” jobs; jobs in which Cacace’s children never worked, but were nonetheless paid by the union. A no-show job was also granted to the son of the Colombo family’s imprisoned-for-life boss, Carmine Persico.
But, to answer your question, if Joel Cacace, the acting boss of the Colombo family at the time, were to flip and begin cooperating with the FBI, he would likely have very little to say about the union control itself. He would be able to testify that the mobsters controlled the union, that his sons were given no-show jobs over the union, but that’s about it. He would most likely not be able to discuss the ins-and-outs of the actual scheme. Therefore, even though that union control was a “family”-run enterprise, the boss was not a hands-on participant.
Another example is the continued control over the Cement and Concrete Workers Union. There was a period in the 1990s when the administration of the Colombo family actually had no knowledge or input in soldier Ralph Scopo Jr.’s control over Local 6A of the Cement and Concrete Workers Union. Scopo Jr. was eventually brought back into the fold and placed in a crew but, even then, the top administration probably had virtually no knowledge of how the union was actually controlled. Scopo Jr.’s immediate higher-up, his captain Dino Calabro, was privy to the union control, because Calabro had a financial interest in the union (through Scopo), and Scopo had to ask permission from Calabro on big administration changes within the union. But that’s the extent of it; the Union was a Colombo family operation, but the bosses themselves had no reason to know about the details or have a hands-on role. They just collected their envelopes every month.
So, when Bonanno boss Joey Massino flipped, how did the family cope? I am not 100% sure on the fallout of Massino’s cooperation, but I am relatively sure it wasn’t that major. Massino had no specific details on most of his soldiers rackets. For example, he collected thousands of dollars a month from soldier Vito Grimaldi, who was a wealthy member of Massino’s Queens crew prior to Massino becoming boss. Grimaldi earned this money through his ownership and control of illegal gambling machines, so I guess you could consider that a “Bonanno family” asset or enteprise. But could Massino point to where any of these Joker Poker machines were? Probably not. Could he point to exactly how much income Grimaldi was making from them? Probably not. All a boss can do is hope/expect that his underlings are giving them a fair share of the loot. There are always problems with soldiers misdeclaring how much they are earning, or giving their higher-ups far less than what they’re actually earning. I believe Gang Land News reported that when Sal LoCascio, a Gambino capo, was arrested in the early 2000s for running a multimillion-dollar online fraud operation, the higher-ups of the Gambinos were infuriated because LoCascio had only given them a minuscule amount of tribute. Until the bust, there was no way the bosses could actually tell LoCascio was under-cutting them.
I know I rambled a bit, but I hope that helped clear up your question.
In terms of recent LCN history (1980-Onwards), there are a very few “family-wide” rackets, i.e. rackets or business interests that the whole family can benefit from. Ones I can think about are certain unions where everybody and their aunt is given a no-show job, or interests in the Italian feasts. But other than a few small examples, there are almost no family-owned rackets, and there are definitely no on-paper family-owned assets. When I say family I am, of course, referring to crime families.
Instead, the Mafia is more a collection of criminals who each make money however they please under the protection and strict guidelines of whatever crime family they’re in. Whereas individual members of a family work together on a specific racket (oftentimes a whole crew works together on a certain racket) there are actually few, if any, family-wide business interests that the boss keeps track of.
What this means is that somebody like Joseph Massino will have very little knowledge of what the 150 or so soldiers in his family are doing to earn a living. Soldiers are not obligated to give anybody a detailed breakdown of what they’re doing; presumably, they’d tell their immediate higher-up (their capo) what sort of rackets they’re involved in, but that’s the extent. All soldiers have to do is give an envelope every week that somewhat reflects a portion of their income. The capo takes the envelope, takes some cash for himself, and is supposed to give the envelope to the administration (boss, underboss and consigliere), who disperse it among themselves.
Historically, some bosses have been more “hands-on” with low-level soldiers, but in general all they are hoping for is an envelope stuffed with cash every month. Street-level soldiers are generally involved in blue-collar rackets such as illegal gambling, loansharking, drug-dealing, extortion, etc. Some capos/soldiers have sway in unions, which the boss will often involve himself in, and other capos/soldiers may have more sophisticated white-collar rackets like stock fraud, union scams, etc.
My area of expertise is the Colombo family, so I can give you some examples (from the 1980s-Present) of the boss’ involvement in his underlings rackets.
For starters, the Mafia Commission DID have a collective “asset” up until 1986; the Concrete Club. This was not an official or registered “club,” but was basically a Mafia-controlled group of concrete contractors. The Mafia illegally prevented the contractors from bidding on jobs over $1 million, and instead handpicked which company would do the contract. This meant that there was no competitive bidding for concrete contracts, so contractors could charge exorbitant fees and the buyer could not go to any other concrete company who would do the job for cheaper. The Mafia then imposed a tax on the contractors which earned them millions.
This, in effect, was a Commission-owned asset. The reason the bosses got involved was because each crime family had different contractors under their protection, so the families collaborated to make sure each Mafia-backed contractor received a fair piece. A similar thing happened with Windows Contracting, until a bust in 1990.
Since then, there have been no Commission-wide business interests or assets (to the best of my knowledge). Crime families still cooperate and negotiate with each other, over things such as territory, or a shared interest in a particular union or racket.
One example of this is the shared Colombo/Genovese control over Locals 14 and 15 of the International Union of Operating Engineers. After a bust in 2003, state Attorney General Elliot Spitzer called the Colombo/Genovese collaboration as a “joint venture” that “would be the envy of Wall Street.” The Colombo family allegedly controlled the union’s business interests in Brooklyn, while the Genovese controlled their interests in Manhattan (which was likely a lot more profitable).
With this control, the two families extorted cash bribes from construction contractors to ensure “labor piece.” Mobsters would also buy things to bill to contractors, including TVs, VCRs, and even fur coats. Union positions were also bought and sold.
In this case, the only reason the bosses themselves were brought into the scheme is because they would sometimes have to represent their family in sitdowns. For the Colombos, underboss John DeRoss had a very hands-on role with the union control. The family’s acting boss, Joel Cacace, was not actually heavily involved with the union, but - as tribute - the Colombos in charge of the union - John DeRoss, capo Vincent Ricciardo and soldier Charles Panarella - gave Cacace’s children “no-show” jobs; jobs in which Cacace’s children never worked, but were nonetheless paid by the union. A no-show job was also granted to the son of the Colombo family’s imprisoned-for-life boss, Carmine Persico.
But, to answer your question, if Joel Cacace, the acting boss of the Colombo family at the time, were to flip and begin cooperating with the FBI, he would likely have very little to say about the union control itself. He would be able to testify that the mobsters controlled the union, that his sons were given no-show jobs over the union, but that’s about it. He would most likely not be able to discuss the ins-and-outs of the actual scheme. Therefore, even though that union control was a “family”-run enterprise, the boss was not a hands-on participant.
Another example is the continued control over the Cement and Concrete Workers Union. There was a period in the 1990s when the administration of the Colombo family actually had no knowledge or input in soldier Ralph Scopo Jr.’s control over Local 6A of the Cement and Concrete Workers Union. Scopo Jr. was eventually brought back into the fold and placed in a crew but, even then, the top administration probably had virtually no knowledge of how the union was actually controlled. Scopo Jr.’s immediate higher-up, his captain Dino Calabro, was privy to the union control, because Calabro had a financial interest in the union (through Scopo), and Scopo had to ask permission from Calabro on big administration changes within the union. But that’s the extent of it; the Union was a Colombo family operation, but the bosses themselves had no reason to know about the details or have a hands-on role. They just collected their envelopes every month.
So, when Bonanno boss Joey Massino flipped, how did the family cope? I am not 100% sure on the fallout of Massino’s cooperation, but I am relatively sure it wasn’t that major. Massino had no specific details on most of his soldiers rackets. For example, he collected thousands of dollars a month from soldier Vito Grimaldi, who was a wealthy member of Massino’s Queens crew prior to Massino becoming boss. Grimaldi earned this money through his ownership and control of illegal gambling machines, so I guess you could consider that a “Bonanno family” asset or enteprise. But could Massino point to where any of these Joker Poker machines were? Probably not. Could he point to exactly how much income Grimaldi was making from them? Probably not. All a boss can do is hope/expect that his underlings are giving them a fair share of the loot. There are always problems with soldiers misdeclaring how much they are earning, or giving their higher-ups far less than what they’re actually earning. I believe Gang Land News reported that when Sal LoCascio, a Gambino capo, was arrested in the early 2000s for running a multimillion-dollar online fraud operation, the higher-ups of the Gambinos were infuriated because LoCascio had only given them a minuscule amount of tribute. Until the bust, there was no way the bosses could actually tell LoCascio was under-cutting them.
I know I rambled a bit, but I hope that helped clear up your question.
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Re: How did the five families protect their financial interests?
That was an excellent post..... it makes me rethink how Zannochios ( I butchered the spelling I'm sure...) shelving will affect his bookmaking.....
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Re: How did the five families protect their financial interests?
Very good Gohn.... that’s exactly how it works!gohnjotti wrote: ↑Sun Aug 11, 2019 2:13 am Hey 500year. I can’t comment on the Mafia’s earlier history, but I can give a bit of insight for the timeframe you are referring to, which seems to be the 1980s-Present, when Gravano, Vitale, and Massino all flipped.
In terms of recent LCN history (1980-Onwards), there are a very few “family-wide” rackets, i.e. rackets or business interests that the whole family can benefit from. Ones I can think about are certain unions where everybody and their aunt is given a no-show job, or interests in the Italian feasts. But other than a few small examples, there are almost no family-owned rackets, and there are definitely no on-paper family-owned assets. When I say family I am, of course, referring to crime families.
Instead, the Mafia is more a collection of criminals who each make money however they please under the protection and strict guidelines of whatever crime family they’re in. Whereas individual members of a family work together on a specific racket (oftentimes a whole crew works together on a certain racket) there are actually few, if any, family-wide business interests that the boss keeps track of.
What this means is that somebody like Joseph Massino will have very little knowledge of what the 150 or so soldiers in his family are doing to earn a living. Soldiers are not obligated to give anybody a detailed breakdown of what they’re doing; presumably, they’d tell their immediate higher-up (their capo) what sort of rackets they’re involved in, but that’s the extent. All soldiers have to do is give an envelope every week that somewhat reflects a portion of their income. The capo takes the envelope, takes some cash for himself, and is supposed to give the envelope to the administration (boss, underboss and consigliere), who disperse it among themselves.
Historically, some bosses have been more “hands-on” with low-level soldiers, but in general all they are hoping for is an envelope stuffed with cash every month. Street-level soldiers are generally involved in blue-collar rackets such as illegal gambling, loansharking, drug-dealing, extortion, etc. Some capos/soldiers have sway in unions, which the boss will often involve himself in, and other capos/soldiers may have more sophisticated white-collar rackets like stock fraud, union scams, etc.
My area of expertise is the Colombo family, so I can give you some examples (from the 1980s-Present) of the boss’ involvement in his underlings rackets.
For starters, the Mafia Commission DID have a collective “asset” up until 1986; the Concrete Club. This was not an official or registered “club,” but was basically a Mafia-controlled group of concrete contractors. The Mafia illegally prevented the contractors from bidding on jobs over $1 million, and instead handpicked which company would do the contract. This meant that there was no competitive bidding for concrete contracts, so contractors could charge exorbitant fees and the buyer could not go to any other concrete company who would do the job for cheaper. The Mafia then imposed a tax on the contractors which earned them millions.
This, in effect, was a Commission-owned asset. The reason the bosses got involved was because each crime family had different contractors under their protection, so the families collaborated to make sure each Mafia-backed contractor received a fair piece. A similar thing happened with Windows Contracting, until a bust in 1990.
Since then, there have been no Commission-wide business interests or assets (to the best of my knowledge). Crime families still cooperate and negotiate with each other, over things such as territory, or a shared interest in a particular union or racket.
One example of this is the shared Colombo/Genovese control over Locals 14 and 15 of the International Union of Operating Engineers. After a bust in 2003, state Attorney General Elliot Spitzer called the Colombo/Genovese collaboration as a “joint venture” that “would be the envy of Wall Street.” The Colombo family allegedly controlled the union’s business interests in Brooklyn, while the Genovese controlled their interests in Manhattan (which was likely a lot more profitable).
With this control, the two families extorted cash bribes from construction contractors to ensure “labor piece.” Mobsters would also buy things to bill to contractors, including TVs, VCRs, and even fur coats. Union positions were also bought and sold.
In this case, the only reason the bosses themselves were brought into the scheme is because they would sometimes have to represent their family in sitdowns. For the Colombos, underboss John DeRoss had a very hands-on role with the union control. The family’s acting boss, Joel Cacace, was not actually heavily involved with the union, but - as tribute - the Colombos in charge of the union - John DeRoss, capo Vincent Ricciardo and soldier Charles Panarella - gave Cacace’s children “no-show” jobs; jobs in which Cacace’s children never worked, but were nonetheless paid by the union. A no-show job was also granted to the son of the Colombo family’s imprisoned-for-life boss, Carmine Persico.
But, to answer your question, if Joel Cacace, the acting boss of the Colombo family at the time, were to flip and begin cooperating with the FBI, he would likely have very little to say about the union control itself. He would be able to testify that the mobsters controlled the union, that his sons were given no-show jobs over the union, but that’s about it. He would most likely not be able to discuss the ins-and-outs of the actual scheme. Therefore, even though that union control was a “family”-run enterprise, the boss was not a hands-on participant.
Another example is the continued control over the Cement and Concrete Workers Union. There was a period in the 1990s when the administration of the Colombo family actually had no knowledge or input in soldier Ralph Scopo Jr.’s control over Local 6A of the Cement and Concrete Workers Union. Scopo Jr. was eventually brought back into the fold and placed in a crew but, even then, the top administration probably had virtually no knowledge of how the union was actually controlled. Scopo Jr.’s immediate higher-up, his captain Dino Calabro, was privy to the union control, because Calabro had a financial interest in the union (through Scopo), and Scopo had to ask permission from Calabro on big administration changes within the union. But that’s the extent of it; the Union was a Colombo family operation, but the bosses themselves had no reason to know about the details or have a hands-on role. They just collected their envelopes every month.
So, when Bonanno boss Joey Massino flipped, how did the family cope? I am not 100% sure on the fallout of Massino’s cooperation, but I am relatively sure it wasn’t that major. Massino had no specific details on most of his soldiers rackets. For example, he collected thousands of dollars a month from soldier Vito Grimaldi, who was a wealthy member of Massino’s Queens crew prior to Massino becoming boss. Grimaldi earned this money through his ownership and control of illegal gambling machines, so I guess you could consider that a “Bonanno family” asset or enteprise. But could Massino point to where any of these Joker Poker machines were? Probably not. Could he point to exactly how much income Grimaldi was making from them? Probably not. All a boss can do is hope/expect that his underlings are giving them a fair share of the loot. There are always problems with soldiers misdeclaring how much they are earning, or giving their higher-ups far less than what they’re actually earning. I believe Gang Land News reported that when Sal LoCascio, a Gambino capo, was arrested in the early 2000s for running a multimillion-dollar online fraud operation, the higher-ups of the Gambinos were infuriated because LoCascio had only given them a minuscule amount of tribute. Until the bust, there was no way the bosses could actually tell LoCascio was under-cutting them.
I know I rambled a bit, but I hope that helped clear up your question.
Re: How did the five families protect their financial interests?
I remember reading somewhere something like $50 million did eventually find it's way to the Gambino leadership.gohnjotti wrote: ↑Sun Aug 11, 2019 2:13 am I believe Gang Land News reported that when Sal LoCascio, a Gambino capo, was arrested in the early 2000s for running a multimillion-dollar online fraud operation, the higher-ups of the Gambinos were infuriated because LoCascio had only given them a minuscule amount of tribute. Until the bust, there was no way the bosses could actually tell LoCascio was under-cutting them.
All roads lead to New York.
Re: How did the five families protect their financial interests?
Must be why haven’t heard so much from Arnold Squitieri anymore, he’s living out the rest of his days in the BahamasWiseguy wrote: ↑Sun Aug 11, 2019 9:16 amI remember reading somewhere something like $50 million did eventually find it's way to the Gambino leadership.gohnjotti wrote: ↑Sun Aug 11, 2019 2:13 am I believe Gang Land News reported that when Sal LoCascio, a Gambino capo, was arrested in the early 2000s for running a multimillion-dollar online fraud operation, the higher-ups of the Gambinos were infuriated because LoCascio had only given them a minuscule amount of tribute. Until the bust, there was no way the bosses could actually tell LoCascio was under-cutting them.

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Re: How did the five families protect their financial interests?
Yeah really who in their right mind would want to continue in the life after you acquire that kind of money? Especially at that age.
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Re: How did the five families protect their financial interests?
100% it’s a constant balancing act of kicking up enough to keep them happy without them knowing how much you are really making. Take the NJ faction of the Luchesse’s for example: Acceturo and those guys made a ton of money but only kicked up a small amount to Corallo but Corallo didn’t care because he wasn’t greedy. When he goes down on the Windows case Casso and Amuso demanded 50% from NJ. The rest is history. If they could have worked out a deal it would have saved a ton of people from the can. 10+ guys ended up going bad and lots more got killed. It was stupid. These idiots could have still made millions, stayed under the radar and built the Luchesse’s back into a powerhouse. Instead the destroyed it. That’s what a lot of people forget when it comes to the decimation of LCN since the 60s. It wasn’t just Rico, Giuliani, drugs or even rats. It was greed.
Re: How did the five families protect their financial interests?
Thanks 500. That's quite a dysentery you wrote there. Nice. Keep up the good work cumpari. The last time I made a novena I couldn't it get out the front door.
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Re: How did the five families protect their financial interests?
Gohn, thank you for your very informative post.
Couple of follow-ups:
You wrote, "Massino had no specific details on most of his soldiers rackets. For example, he collected thousands of dollars a month from soldier Vito Grimaldi, who was a wealthy member of Massino’s Queens crew prior to Massino becoming boss. Grimaldi earned this money through his ownership and control of illegal gambling machines, so I guess you could consider that a “Bonanno family” asset or enteprise. But could Massino point to where any of these Joker Poker machines were? Probably not. Could he point to exactly how much income Grimaldi was making from them? Probably not. All a boss can do is hope/expect that his underlings are giving them a fair share of the loot."
++Would not just the knowledge of how much money he was receiving from who/when and testimony of Massino receiving so many thousands a week or a month, over a length of years maybe even decades, from whoever was bringing him money...
wouldn't the government be able to go after all of these guys who were kicking up and hit them with IRS criminal tax evasion cases (think Al Capone) based on Massino's testimony?
It would be circumstantial to a large degree and hinge on the credibility of the witness but remember men have been sentenced to life and have died in prison based on unreliable witness testimony that admitted on the stand the order didn't come from him but he was only told it came from him. (Spero)++
=From about the minute and hour mark of 4:21:00 approx of the audiobook Underboss on youtube:
"Castellano would preside over these meetings, usually at a large table in his massive kitchen. There, he discussed and reviewed the status of the Gambino family's interests in the Brooklyn docks; the garment industry; the marketing of pornographic films, magazines and books; produce and meat wholesale distribution; garbage collection; road-building contracts; Italian bread distribution; linen and liquor service to restaurants and nightclubs; trucking; payola in the promotion of records; stock frauds; fraudulent bankruptcies; the family's participation in the bid-rigging of concrete-pouring contracts in which no work could begin on any contract in New York worth more than $2 million without Cosa Nostra approval; and the family's hold over various locals of the building trades unions, including the painters, carpenters, laborers, mason tenders--and the teamsters.
"Paul just loved construction," Sammy said. "That was his true pet, the construction industry.""=
::::At least from this excerpt it appears that Paul Castellano was very hands on with the details regarding the finances of the family.::::
Your references to the concrete club and other Commission rackets are what we have as publicly known joint ventures, which is a good thing because it indicates that other joint ventures between families could be active right now, especially in construction. The tri-state area, nyc metro is booming and has been booming with major construction projects since 9/11/2001. If in Sammy's and Paul's day it was 75% control of major contracts, then today it has increased for several reasons.
The concrete club probably still exists in fact but not form. A simple examination of relevant companies gives us a good indication. Corporate names changed over time but it's all the same or similar interest. Same goes for the garbage cartel they had that was busted in the 90s? Francolino bust? Anyway a racket as good as these are going to be held onto, whether via a stranger strawman, clever accounting and structuring, or clean face relative.
Gohn you wrote: "and there are definitely no on-paper family-owned assets. When I say family I am, of course, referring to crime families."
++++I'm really not so certain or sold on the idea that the five families themselves or the Commission for that matter do not have actual in fact corporations, trusts, foundations, offshore/domestic vehicles. A "family" trust in Cyprus or a "family" Foundation in Panama for instance.
This would make sense for a lot of reasons: Could wash the money through forex, offshore brokerages, online token currencies or crypto etc., setup a private offshore hedge fund etc etc etc there's a whole lot of ways.
Invest in income producing passive investments.
Own and develop some of the high-rise buildings in Manhattan and elsewhere maybe internationally. You know those buildings would go up without a problem and fast.
Buy-in to global transnational companies and funds with a substantial 10%++ controlling interest. In fact use the family funds to buy into the what is it 114 companies or less that own and control the other 47000+ companies on international stock markets and exchanges.
I mean if they aren't doing this what I have just described maybe they need to straighten me out so I can make them some $$$! LoL
Best to the Forum!
Couple of follow-ups:
You wrote, "Massino had no specific details on most of his soldiers rackets. For example, he collected thousands of dollars a month from soldier Vito Grimaldi, who was a wealthy member of Massino’s Queens crew prior to Massino becoming boss. Grimaldi earned this money through his ownership and control of illegal gambling machines, so I guess you could consider that a “Bonanno family” asset or enteprise. But could Massino point to where any of these Joker Poker machines were? Probably not. Could he point to exactly how much income Grimaldi was making from them? Probably not. All a boss can do is hope/expect that his underlings are giving them a fair share of the loot."
++Would not just the knowledge of how much money he was receiving from who/when and testimony of Massino receiving so many thousands a week or a month, over a length of years maybe even decades, from whoever was bringing him money...
wouldn't the government be able to go after all of these guys who were kicking up and hit them with IRS criminal tax evasion cases (think Al Capone) based on Massino's testimony?
It would be circumstantial to a large degree and hinge on the credibility of the witness but remember men have been sentenced to life and have died in prison based on unreliable witness testimony that admitted on the stand the order didn't come from him but he was only told it came from him. (Spero)++
=From about the minute and hour mark of 4:21:00 approx of the audiobook Underboss on youtube:
"Castellano would preside over these meetings, usually at a large table in his massive kitchen. There, he discussed and reviewed the status of the Gambino family's interests in the Brooklyn docks; the garment industry; the marketing of pornographic films, magazines and books; produce and meat wholesale distribution; garbage collection; road-building contracts; Italian bread distribution; linen and liquor service to restaurants and nightclubs; trucking; payola in the promotion of records; stock frauds; fraudulent bankruptcies; the family's participation in the bid-rigging of concrete-pouring contracts in which no work could begin on any contract in New York worth more than $2 million without Cosa Nostra approval; and the family's hold over various locals of the building trades unions, including the painters, carpenters, laborers, mason tenders--and the teamsters.
"Paul just loved construction," Sammy said. "That was his true pet, the construction industry.""=
::::At least from this excerpt it appears that Paul Castellano was very hands on with the details regarding the finances of the family.::::
Your references to the concrete club and other Commission rackets are what we have as publicly known joint ventures, which is a good thing because it indicates that other joint ventures between families could be active right now, especially in construction. The tri-state area, nyc metro is booming and has been booming with major construction projects since 9/11/2001. If in Sammy's and Paul's day it was 75% control of major contracts, then today it has increased for several reasons.
The concrete club probably still exists in fact but not form. A simple examination of relevant companies gives us a good indication. Corporate names changed over time but it's all the same or similar interest. Same goes for the garbage cartel they had that was busted in the 90s? Francolino bust? Anyway a racket as good as these are going to be held onto, whether via a stranger strawman, clever accounting and structuring, or clean face relative.
Gohn you wrote: "and there are definitely no on-paper family-owned assets. When I say family I am, of course, referring to crime families."
++++I'm really not so certain or sold on the idea that the five families themselves or the Commission for that matter do not have actual in fact corporations, trusts, foundations, offshore/domestic vehicles. A "family" trust in Cyprus or a "family" Foundation in Panama for instance.
This would make sense for a lot of reasons: Could wash the money through forex, offshore brokerages, online token currencies or crypto etc., setup a private offshore hedge fund etc etc etc there's a whole lot of ways.
Invest in income producing passive investments.
Own and develop some of the high-rise buildings in Manhattan and elsewhere maybe internationally. You know those buildings would go up without a problem and fast.
Buy-in to global transnational companies and funds with a substantial 10%++ controlling interest. In fact use the family funds to buy into the what is it 114 companies or less that own and control the other 47000+ companies on international stock markets and exchanges.
I mean if they aren't doing this what I have just described maybe they need to straighten me out so I can make them some $$$! LoL
Best to the Forum!
"People always underestimate me, Don."
<>
"You know what the real difference is between crooks and lawmen, Warden?
[Warden] Try me.
What side of the bars they're on."
<>
"You know what the real difference is between crooks and lawmen, Warden?
[Warden] Try me.
What side of the bars they're on."
Re: How did the five families protect their financial interests?
Not sure why you think LCN control of contracts would have increased since Castellano's day. While the mob still has the biggest presence in construction of any industry, it's certainly declined from decades ago. DiLeonardo said as much, referring to the Gambinos specifically.500YearReign wrote: ↑Tue Aug 13, 2019 8:38 am
Your references to the concrete club and other Commission rackets are what we have as publicly known joint ventures, which is a good thing because it indicates that other joint ventures between families could be active right now, especially in construction. The tri-state area, nyc metro is booming and has been booming with major construction projects since 9/11/2001. If in Sammy's and Paul's day it was 75% control of major contracts, then today it has increased for several reasons.
The concrete club probably still exists in fact but not form. A simple examination of relevant companies gives us a good indication. Corporate names changed over time but it's all the same or similar interest.
While the mob still is involved in garbage and related things like recycling, etc., the mob doesn't control the industry as it once did when it had the associations, unions, and most of the companies. It's true many of the biggest carters are again local, Italian-owned companies (some pretty unscrupulous) but what mob connections, if any, aren't so clear.Same goes for the garbage cartel they had that was busted in the 90s? Francolino bust? Anyway a racket as good as these are going to be held onto, whether via a stranger strawman, clever accounting and structuring, or clean face relative.
All roads lead to New York.
Re: How did the five families protect their financial interests?
500year, I’m not too well-versed on Paul Castellano, but from what you referenced, I would agree that he was very hands-on. Unions are a lot easier to keep track of, for a boss, compared to other white-collar rackets like stock fraud or blue-collar rackets like bookmaking, so a boss like Castellano can easily have a more hands-on approach.
Re: How did the five families protect their financial interests?
"The Commission should be about taking a life or saving a life. Setting overall policy. Not about bullshit. Not about construction. These things can be handled by the captains. What if we take surveillance? We're going to end up paying the piper for these meetings."gohnjotti wrote: ↑Tue Aug 13, 2019 12:30 pm 500year, I’m not too well-versed on Paul Castellano, but from what you referenced, I would agree that he was very hands-on. Unions are a lot easier to keep track of, for a boss, compared to other white-collar rackets like stock fraud or blue-collar rackets like bookmaking, so a boss like Castellano can easily have a more hands-on approach.
All roads lead to New York.
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Re: How did the five families protect their financial interests?
<<<I'd agree that the carting and waste companies having known mob connections aren't readily apparent to the general public but when you are working with these companies it immediately becomes apparent even if you were born and bred in Ohio. They are on most of the million dollar plus jobs - residential and commercial.Wiseguy wrote: ↑Tue Aug 13, 2019 12:12 pmNot sure why you think LCN control of contracts would have increased since Castellano's day. While the mob still has the biggest presence in construction of any industry, it's certainly declined from decades ago. DiLeonardo said as much, referring to the Gambinos specifically.500YearReign wrote: ↑Tue Aug 13, 2019 8:38 am
Your references to the concrete club and other Commission rackets are what we have as publicly known joint ventures, which is a good thing because it indicates that other joint ventures between families could be active right now, especially in construction. The tri-state area, nyc metro is booming and has been booming with major construction projects since 9/11/2001. If in Sammy's and Paul's day it was 75% control of major contracts, then today it has increased for several reasons.
The concrete club probably still exists in fact but not form. A simple examination of relevant companies gives us a good indication. Corporate names changed over time but it's all the same or similar interest.
***Wiseguy thanks for your input and response.***
From my research and some personal experience I've come to know that in major nyc/tri-state/eastern seaboard construction projects and every trade those entail in addition to the developers, general contractors, sub-contractors, managers, inspectors, etc all having to pay la cosa nostra one way or another and the unions are mostly controlled at least the ones that count. No really big projects are going up without the mob getting a piece in a hundred different ways. Facts.
While the mob still is involved in garbage and related things like recycling, etc., the mob doesn't control the industry as it once did when it had the associations, unions, and most of the companies. It's true many of the biggest carters are again local, Italian-owned companies (some pretty unscrupulous) but what mob connections, if any, aren't so clear.Same goes for the garbage cartel they had that was busted in the 90s? Francolino bust? Anyway a racket as good as these are going to be held onto, whether via a stranger strawman, clever accounting and structuring, or clean face relative.
Thanks for everyone's responses.
By the way, these pictures don't even begin to show the full scope of construction and the almost total transformation over the past twenty or so years in nyc and surrounding areas.
"People always underestimate me, Don."
<>
"You know what the real difference is between crooks and lawmen, Warden?
[Warden] Try me.
What side of the bars they're on."
<>
"You know what the real difference is between crooks and lawmen, Warden?
[Warden] Try me.
What side of the bars they're on."
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Re: How did the five families protect their financial interests?
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"People always underestimate me, Don."
<>
"You know what the real difference is between crooks and lawmen, Warden?
[Warden] Try me.
What side of the bars they're on."
<>
"You know what the real difference is between crooks and lawmen, Warden?
[Warden] Try me.
What side of the bars they're on."