two bread and butter scams for the mob have always been loansharking and illegal gambling. Can you guys help me with some questions I have on the rackets. I understand some people are so desperate for money that they would feel they need to go to a loanshark, but seriously wouldn't you rather rob a bank or something than be indebted to the mob, having your face smashed in when you can't pay, and also keeping up with the ridiculous vig? How do the mob keep finding these customers?! Also with illegal sports betting, why would a guy go to a mobster to place a bet? What are the benefits over legal places? cheers guys!
Re: Why use the Mob for help?
[Re: NickyScarfo]
#608139 07/17/1104:50 AM07/17/1104:50 AM
You can legally bet on sports only in a few places in the U.S. And there, you have to have the money up front. Mob bookmaking operations take bets on credit and typically settle up weekly. That's where the loansharks often come in if the bettor doesn't have the money to cover his losses. That's why they're the two main "bread and butter" rackets for the mob. They bring you in with the gambling and keep you with the loans.
Mods should mind their own business and leave poster's profile signatures alone.
Re: Why use the Mob for help?
[Re: IvyLeague]
#608140 07/17/1104:54 AM07/17/1104:54 AM
A lot of people these days don't have credit for a loan. So they foolishly go to the shadiest bar downtown and find the local connected guy. Unfortunately, they sometimes end up with guys like Teets Battaglia, but money is so tight that it clouds the innocent's judgement. They get desperate and take the risk. There's hardly any legal usury these days. And on the streets if you're a criminal, there are certain shylocks with a reputation of being businesslike with no brutality. So a semi-connected guy can feel safe going to the sharks.
Re: Why use the Mob for help?
[Re: BarrettM]
#608183 07/17/1102:30 PM07/17/1102:30 PM
Albert DeMeo said that most of his Fathers loan customers were legit 9-5 working guys. Roy DeMeo didnt ask for credit checks like a bank would and these 9-5 working guys wouldnt have known what Roy was doing behind closed doors at the Gemini. They wouldnt know he was a vicious killer many times over they'd just take him as a dodgy guy loaning out easy cash. Knowing what I know I cant think of a worse guy (except maybe Sam Destefano) to be in debt too!!!!!!!!!!!
Re: Why use the Mob for help?
[Re: NickyScarfo]
#608184 07/17/1102:38 PM07/17/1102:38 PM
The other benefit to illegal betting is that I presume the bettor might not list all his winnings on his tax returns.
"When the snows fall and the white winds blow, the lone wolf dies but the pack survives." Winter is Coming Now this is the Law of the Jungleāas old and as true as the sky; And the wolf that shall keep it may prosper, but the wolf that shall break it must die. As the creeper that girdles the tree-trunk, the Law runneth forward and back; For the strength of the Pack is the Wolf, and the strength of the Wolf is the Pack.
Re: Why use the Mob for help?
[Re: NickyScarfo]
#608524 07/20/1111:03 AM07/20/1111:03 AM