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Re: Do The Families Have A Secret Bank?
[Re: SharpieOne]
#1023012
11/05/21 02:29 AM
11/05/21 02:29 AM
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Joined: Nov 2020
Posts: 1,564
DillyDolly
OP
Underboss
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OP
Underboss
Joined: Nov 2020
Posts: 1,564
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Re: Do The Families Have A Secret Bank?
[Re: DillyDolly]
#1023240
11/09/21 04:07 PM
11/09/21 04:07 PM
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Joined: Mar 2017
Posts: 1,529 Bensonhurst, Brooklyn, NYC
BensonHURST
Bensonhurst
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Bensonhurst
Underboss
Joined: Mar 2017
Posts: 1,529
Bensonhurst, Brooklyn, NYC
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I think every family has their own version of a bank.
I have heard it described as admin will give the skippers access to money at 1/2 point, skippers will give it to members at 1%, members will give it out to associates at 2%, associates will put it out on the street at 4-5%....
Very Lucrative
However, charging someone 4-5% is killing them and its just a matter of time before they get in trouble.
Borrowing $10K @ 4% you are paying $400.00 weekly and after keeping that money out for a year you paid back double what you borrowed.
At that point the "SHARK" should be cutting a deal with the borrower, pay me back $4,000.00 in one shot and we are even.
Usually the guys that get greedy are the guys that get jammed up. They squeeze a guy too hard and he goes running somewhere.
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