Maybe he was just paying back a shylock loan? I don't think it's unusual at all for people from one family to do business with another. Especially not in NYC with five families.
It's not unusual. Especially back in those days. I'm sure from one boss to another, the wealthy Gambino provided monies at 1/4 point weekly to Colombo. The annual equivalent of 26%. A mere pittance by comparison to the 1/2 point, 3/4 point, or even 1% he charged in turn to his capo regimes weekly.
The capos push that same money out to their regime soldiers and "well thought of" associates anywhere from a 0.5 point to 1.5 points. And of course they in turn loan it out from 1.5% all the way to 5% weekly to their "retail" borrowers.
Everybody makes out.
If Joe was borrowing say $1-Million from Carlo. It cost him anywhere from $2500 to $5000 weekly. He collected from $5000 to $15,000 weekly.
I'm certain that Joe C wasn't complaining one bit LOL
