The popular story is that he borrowed money from Carlo Gambino for a drug deal and got busted. He refused to pay Gambino back and got whacked. I find that hard to believe that the boss or acting boss of the Genovese could be whacked with no repercussions, even by Carlo Gambino. Although many people believe that Gambino was boss of bosses and had the most powerful family back then, the Genovese were still a powerhouse with guys like Lombardo, Salerno, Catena, and Miranda among others. I can't see the Genovese losing face by allowing their acting boss to be whacked by another family and not doing anything about it.

Youd think that gambino probly got the ok from someone like lombardo before taking out eboli, but who knows. Another theory is that gambino wanted funzi to take over as acting boss because carlo could have more control over him and used the drug deal loan to set him up as a reason to whack him.

Ego and greed.

Where did that story about Gambino lending Eboli 4 million first originate? Personally i have my doubts about it. 4 mil in the early 1970s was a lot of money and i just have trouble believing Gambino would lend anyone that amount of cash, even Eboli.

Just wondering who first said that Gambino did lend Eboli that cash. In court testimony? Wiretaps? Some book?

Im not sure where he heard it from but i remember seeing it on some documentary, mightve been mobsters or something but im not sure.

Tommy Eboli was only ever a front boss for a ruling panel and mainly insulation for Gerry Catena(only at the time, I'm well aware Catena stepped away in the 70s). In my opinion the $4mil loan was a kiss of death. Gambino either having no faith Eboli could lead the Genovese in a street based heroin trade, or having set him up with the police who almost instantly brought down the racket and all the Genovese involved it gave Gambino undeniable reason to kill Eboli and have him replaced by a more favorable individual in Funzi Tieri, and more like a more favorable ruling panel than Ryan-Catena-Miranda-Lombarado, with Tieri-Salerno-Gigante. I'm not saying Gambino aligned himself with the Genovese by taking Tommy Ryan out of the way, it just seems to me that he chose the lesser or two evils and set up more favorable leadership to work alongside.

With Lombardo as the real boss, what say would Gambino have in the next acting boss of the Genovese? I doubt the Genovese would allow any other family to influence their internal affairs. The story as told makes it seem like the Genovese were weaklings being pushed around and manipulated by the Gambinos.

With all the other major mob hits, we have a good idea of who and why. This one is still a mystery. Was it the Gambinos or Genovese who did Eboli and why?

Once again, why did the Genovese need Gambino's help to get rid of a front boss when Lombardo, Catena, and Miranda were already the administration? Losing $4 million is alot of money to get rid of a front boss when they could have just made him disappear and say he was a snitch or stealing money.

I'm not sure when the this Gambino financing scam occured but I remember hearing the Gambinio's had a NYC loan manager on their books where in he was used to fund their shy loans. I even believe they went thru the actual loan application process, lol . I want to say it was Chemical bank but not quite sure .

Either way it was an ingenious model as they didnt have to put up their own $, possibly didn't have to take the default hit , and were probably getting the $/ loan at 10%+ interest rate annually and were likely charging 100%+ .

A good bank today with a 4% rate margin is considered best in class , a 100% margin is just incredible , the shy business must have been so lucrative .

Not really related to this story outside of maybe Carlo didn't fund the entire loan with his own $ but just something I remember reading and wish I could read the scam again. I love reading mob business stories as alot of them were truly brilliant .

Isn't it always?

Haha ya it can applied to both eboli and carlo. I read somewhere that eboli had aspirations to be more than just the acting/front boss(ego) but wanted to become the offcial boss and the real power of the family and that might not have been sitting right with some of the other top guys. Also eboli was trying to get into the drug bussiness(greed) which was probly encroaching on some of the other families territory(not sure but i think its right around the time john gambino and his brothers were sitting up their network) which could be another reason the carlo was prompted to make a move on him and why the other top genevese guys went along with it, but just another theory ofcourse.

Wasn't Eboli Chin's manager when Gigante was a boxer? Am i remembering that correctly?

Ya your right, he was banned from boxing for life after going into the ring himself during a fight and attacking the referee and another boxer.

Haha thats an awesome pic man, is that eboli on the left you think?

Yes, on the far left.

Wasn't it Louis Cirillo who lost Eboli's money? I see Cirillo was charged in a case involving 83 kilo's of heroin that were never recovered so i assume that wasn't the deal involving Eboli. But then he was charged in another case where 103 kilo's of heroin were seized in france. Was this the deal where Eboli's money was involved and the deal which cost him all the money he borrowed from Gambino and other top mobsters?

They were paying $10,500 per kilo so if my math is correct they lost a little over 1 million on that deal. I read they found a million in cash buried in Cirillo's backyard in the Bronx after he was convicted. Not sure though if that was part of Eboli's money or not. It might of been profit Cirillo made from previous deals but i'm really not sure.

Interesting philly connection, Cirillo's son Louis Cirillo Jr also a convicted drug dealer married the daughter of Joseph (Chickie) Ciancaglini. Cirillo Jr was found shot to death in the trunk of a car in the Bronx back in 1992.

Ciancaglini's daughters name was Maria Malone Ciancaglini.

Malone? Interesting middle name for an italian. Isn't Steve Mazzone married to a Malone? Does anyone know if the Malones are some how related to the Ciancaglini's?

What kind of drug deal is worth $4 million anyways? That's over $16 million in 2012 dollars. No drug deal could be worth that amount.

What do you think the mob was pushing dime bags? Did you not here of the pizza connection where they were pushing about 100 million dollars of smack a year?

They weren't buying $16 million worth of heroin at a time.

given the general price of H, you could assume it was about 500 lbs. worth.

$17,500/kilo (on the very low end) 4Mil/17,500 = 228,570 kilos = just over 500lb.

not an unfathomable amount to be purchased in 1972 by a dominant criminal organization looking to expand into the booming NY heroin trade

In Cirillo's court documents it said they were paying $10,500 per kilo.

"There it was agreed that Cirillo would pay $10,500 per kilogram of heroin, with delivery scheduled for New York within the week."

https://bulk.resource.org/courts.gov/c/F2/468/468.F2d.1233.72-1618.298.html

It says they bough 100 kilos of heroin.

100 kilos x $10,500/kilo = $1,055,000

That's not even close to the $4,000,000 Eboli is alleged to have borrowed. After they bought and distributed that much heroin, they could buy more with the profits. What is the other $2,945,000 for?

Tommy Eboli had a brother who belonged to the Genovese Family as either a soldier or captain. I don't remember. His brother's name was Pat or maybe Pasquale Eboli.

His son was Louie The Mooch Eboli who was a made guy in the Outfit. His mother was born in Melrose park.
I think his parents got divorced which was unheard of back then, especially among the Mafia.
Louie the Mooch remained in Chicago. He was friends with Johnny Mathis, the singer. Johnny even gave the Mooch a gold watch.
Mooch belonged to Joey Lombardo (Grand Ave) and was in charge of a Franchise that involved machines in some of the West Suburbs like Melrose Park, Franklin Park etc.

When his father got killed in 1972, the Mooch was really upset and started talking too much about it. Word somehow got back to New York and a couple men from the Genovese family came to Chicago to discuss what happened with Auippa/ Accardo. Cerone was in jail at the time for a short while.
Chicago was always allied with the Genovese's. They always voted together on the Commission years ago.

I never did understand why the Genovese's would allow the Gambino's to kill their acting Boss and do nothing about it. I find that hard to believe. Somehow, the Genovese's must have agreed that Eboli had to go. Whatever happened, Chicago stayed out of it and promised Mooch would behave. That was the end of it.

The Gambinos had no part in whacking Eboli, it was house cleaning Westside way. Eboli got whacked because he was an abusive motherfucker who was looking in everyones pockets. He got weak when Genovese died. One must be crazy to think the gambinos would mess this way with the West side, it ain't the colombos we're talking about.

Cbronx, I SAID I found it hard to believe. You don't read the entire posting. You see one thing and take it out of context and then make a response without reading or understanding the WHOLE POSTING. You don't need to do the tough guy act with me, it won't work very well. You did the same thing on the Chicago thread. Thanks.

dont make sense ... you mean to tell me, the genovese leadership let gambino kill a top figure like EBOLI ?

The real reason for the hit we will probably never know. I'll tell you this though... Gambino was as big a boss as there will ever be. If you read the transcripts of the 'Eboli' wiretaps it clearly shows Carlo held the most sway!