Did Scarfo run out of money/ possibly why...

he couldn't hit Joey Merlino. Well apart from losing most of his guys (jail), once Leonetti flipped, he allegedly got his mum to steal the money that they hid behind a wall.

Then in his book, Phil talked about how before he flipped, his uncle was livid with his "witch" wife who lost a huge amount of money in Vegas

Plus lawyer fees don't come cheap. People always talk about the huge amount of money coming in, but never how much goes out. Scarfo was a huge spender according to the Crow. And would pick up every tab for 30 guys like nothing.

Then factor nicky jr was reporting a lot of people stopped paying the street tax and Merlino was extorting the same people. So not only did his $$ stopped coming in, he lost his stash too.

Knowing Scarfo sr like we do, nicky the crow once said "he had to be going nuts in there (when nicky jr got shot). "

That 500k open contract Scarfo put on Merlino was nonsense just like the open contract on Pistone.

If somebody did whack Merlino and 20 guys turned up to claim they done it, who the heck do u pay. Not that anyone would even pay that absurd amount to get someone whacked. So it was a load of Bs which the media picked up

Now if he was serious about it, surely Scarfo could easily pay someone to get the job done. Which is why I think he didn't have the financial means to. People on these boards claim the mob do not carry out money contracts. But they're greedy fuks, and money talks. Brothers would kill each other over money.

Vic Amuso could only provide nicky jr protection. The only way he would have got Merlino was through Nicky jr and we know that wasn't happening. And yes Nicky Jr did make shit loads of money later on.....

Scarfo was smart believe it or not, i am fairly certain his son had access to a lot of money. Im quite sure all of his money wasnt buried behind a wall as many assume. As far as being broke, possibly , but does it matter, he will never see the light of day again.
The only reason Merlino is around today is him shooting scarfo jr didnt disrupt anyones income. Its all about money. Did scarfo jr getting shot stop anyone from being paid? No.. Also, at the time, no one knew for sure it was merlino . Also, and very important, Merlino went to jail soon after that shooting for an armor truck heist. While he was away, power in philly changed quite a bit and Scarfo Jr was out if philly by then.
why did Merlino go to jail? he stole the money from co conspirators. Seems like a pattern.

it would be crazy for a family member to talk about scarfo's money. you can bet the Irs would be all over anyone who they might think knows where some is. all those dons who got locked up, you can bet the Irs is snooping about all over.

I would bet his sons medical bills put a dent in his pocket. seemed like he spent a lot and thought the costa nosta gravy train would never stop for him. he was boss 5 yrs half in the can the other half plotting murder not much time for money saving.

Philly family never really made that much dough in reality, Scarfo's money was never going to last.

You sure about that? in the 80s they made a ton of money from Atlantic city casino developments. Also they had all the unions tied up. Add to that their street taxs on numerous drug dealers, loan sharks etc.

Oh yes, Mark's med bills must have added up big time.

Tommy G, I'd have to agree with NickScarfo on that one. The crow claims they were making a lot of money. One big drug dealer kicked up several hundred k alone,

scarfo did have the unions tied up, plus construction Scarf inc, Yogi's company was doing good business, the bookmaking operation that got Tony Caprinigro whacked was big business.. Later handled by blackie Napoli.. Although they did give the Genevose free reign somewhat in exchange for a cut

The crow would count the street tax as their number 1 money making machine. So I would say The Philly family were making a huge amount

Scarfo made a lot of money, make no mistake about it. when you are tied into unions and construction, you are making serious cash. Scarfo made more money in a day that Merlino made in a year.
As i said, Merlino made money by not paying debts, he kept money from that truck heist back in the day as well. He controlled nothing substantial, scarfo did.

I gotta agree. In Phil’s book he said between him and his uncle, they only had about $2.5 million when they were indicted.

He could be playing down the amount of money he has so the government doesn't take it away.

So, Merlino got made by Stanfa after coming out of jail for the armor truck heist.

Who was he under in the late 80s that would've went to bat for him, stopped him from getting whacked for trying to kill a boss's son?

Leonetti said in his book Mob Prince that Nicky Sr had 3 milions in cash hidden in his apartment wall; he could easly give them to a trusted people and later put a hit on Merlino that survived a dozen of attempts because had many men under hum while Pistone was a fed and only an idiot would try to kill a fed famous like Pistone.In 1989 when Nicky jr was almosr killed the situation was changed because more people hated Scarfo because him many made men flipped for the fear to be killed or because the long sentences,so Nicky jr was alone and Stanfa in 1992 made Joey and another his men for absorb the merlino faction.

i could believe there was money on merlinos head but probaly 10k 25k tops. it was 25yrs ago 10,0000 was alot more that. some young kid nephew of a scarfo guy would have done it

Scarfo was making serious money. Not quite NYC boss money but definitely legit money. Leonetti said he collected $3M while he was down at La Tuna and that was a year (1982). So considering his heyday was 81-87 that’s a little under $20M so let’s say conservatively he had $10-15M and adjust that for inflation in today’s money that’s about $25-30M. But who knows... they don’t put out financials as we all know.

What I really would like to know is where Bruno’s cash was holed up. He was sitting at the top for 20 years during the heyday of the mob and was smart - he had investments all over the place. Now he wasn’t grabbing with both fists like Scarfo, but I still bet bet-net even without the street tax that Bruno was bringing anywhere around $2-3M a year easy. I know his daughter Jean and her husband Ralph Puppo had a serious mansion out in a Radnor Township that they lived in during the 70s & 80s and I’ve seen it it’s a seriously huge mansion. Still standing to this day.

To keep things in perspective, Gravano said he thought Gotti was bringing in about $10M a year when he was on the street.

Your right PHL about the Bruno story..& Jean & Puppo's joint on the main line...I 2 have seen it (google street view,etc..)...I'm betting she is still living on his $$ 2 day..wonder also where she hides it??

Just out of curiosity, how much is alot of money for you guys? Dont think about you now but the Mafia bosses etc.

3 million a year was serious money in the 80s.

I'd imagine that Scarfo spent a great a deal of what he earned. He lived a flashy lifestyle, had the big house in Florida the boat etc.

He must have ran up massives legal bills during this time as well .

His son's medical bills for 30 years must have also drained massive resources out of him after he went to prison for good.

Dam right it was and it was found money , did not cost to keep it going like a regular business would and Phil I am sure has scaled it down .

Now someone got that money because Phil covered some of it in his book about Mimi spending it ! Yes she did but she wold not of had access to crime family money no fucking way Nick left that shit out !

Phil knew and Nicky knew , so figure it out from there because if they go away for life fast no way Nick paid in full the last case so I am sure you can triple that money .

But a strange thing happened right before Phil and his wife left and it was weird what went down “ but it could of been more sure “ because I know this happened because I was there ....and I very rarely say I was there but I was there on the street and corner and in the bar with her.

Were u at Angeloni’s , SERP?

No at my sisters out by Juliano’s

Now the money that was collected at the end and the money that was around or in the safes and upstairs was probably a few hundredthousand for them to keep house going and other stuff . Scarf Inc. was still going and doing jobs .

The money that was hidden was there or moved right away by Jr. and associates but the story you are hearing is probably half truths at best .

No way Nick is leaving that or telling where it all was ! Some may have known where a good amount was for just Incase but Nick was not letting that money lay around no way that shit was locked up tight ..

And Phil had his five hiding spots in walls ect . a million in hundreds stacked and rapped is nothing in a small box or bag !

Isn’t Juliano’s out in EHT?

Yes wife has her horses out here on my sisters farm/ ranch.