The Philadelphia Mafia's Biggest Loanshark…

...coming soon.

Only at "Button Guys of The New York Mafia"

Cant wait to read it since I love reading regarding the mob's "juice" racket

I completed the story and the photographs and sent them for final design. Lisa is formatting the article and its related photo gallery as we speak, so I'm hoping we can release this later on today.

I think this story/bio, in particular, will be very well received by our fanbase. Its packed with action and mob violence and makes for a very interesting read.

TD, I've heard this guy's name for decades. But until I delved into his background for this bio, I never realized what a vicious and bloodthirsty hoodlum he really was. He has absolutely no compassion for anybody...Maybe thats why he ended up the way he ended up. lol

No wonder since he was a loan shark from the old days, meaning during that time you either had to be a very vicious individual with murderous reputation so people can be quite scared from you, or a mobster with numerous political and police connections, usually regarding cash which was lent to companies or firms which were previously on the downfall..

Exactly TD...Especially since back in the day, even the most prolific loansharks only faced misdemeanor charges. The crime of "usury" was not yet made a felony charge.

And back then, some "shylocks" could be extremely "exacting" in their interest rates and their methods of collection.

What about the Philly bookmaker who was massive but not aligned with CN due to political/LE connectoons?! Apparently scarfo thought of tapping him up but thought against it in the end. That is a fascinating story for you NYM considering how wealthy/successful the guy was!

Are you talking about the famous bookmaker out of Philly by the name of Joseph (Joe Vito) Mastronardo? He was the son-in-law of ex-Philadelphia police chief/turned Mayor, Frank Rizzo.

I wrote a very extensive biography detailing Mastronardo's life and career. He was a very interesting guy - and a top bookie also.

If you're interested, it can be found on our website.

Loansharking isn't going anywhere. They can put a payday loan place or a bank on every single street corner in America, and loansharks will still have plenty of customers. Most people can't even get a legitimate loan, then there's the pain-in-the ass paperwork and credit checks you have to go through, just to be denied. You can literally have $10 million in the bank, unless you have decent, or better yet good credit they won't loan you a hundred bucks.

I imagine some form of loan-sharking will always be around. Some say its the worlds "second" oldest profession. Lol

You simply go to the notary with a written contract about the loan and also regarding the vig. Previously your lawyer or the notary himself should check if the guy who asks for the loan has anything on his name. If not, no deal or no loan. If he has at least one apartment on his name and doesnt pay his debts, you will receive that same crib legally. Thats how modern day loan sharking operates around here these days lol.

True, today, not all, but many usurious leaders are very professional in their dealings...with credit checks, lending agreements, notaries, etc.