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Re: Genovese crime family height of power
[Re: Revis_Knicks]
#962107
01/21/19 09:26 PM
01/21/19 09:26 PM
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Joined: Mar 2017
Posts: 734
Michael_Giovanni
Underboss
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Underboss
Joined: Mar 2017
Posts: 734
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Well if Genovese made $2 mil in 1952 when he wasn't even the boss, I would assume that Costello made even more. I would imagine that Gambino was in the same ballpark, and some say that Jerry Catena had more money than anyone. I would guess that they made between $20 and $25 mil annually in today's money. How did Catena make all of his money? I’ve heard a lot about him but nobody really knows too much about his business profits because he was so profit. Also, I wonder what if any American bosses like Luciano for example would’ve become top businessmen like the Rockefeller’s or something like that had they been able to evade the FBI and legitimize their businesses. Part of his income was receiving skim money from Las Vegas. One of the reasons he was moved up to underboss and acting boss was his connection to Las Vegas. Vito Genovese never had that kind of connection.
Last edited by Michael_Giovanni; 01/21/19 09:27 PM.
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Re: Genovese crime family height of power
[Re: Michael_Giovanni]
#962114
01/21/19 09:56 PM
01/21/19 09:56 PM
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Joined: Jan 2013
Posts: 2,300
Revis_Knicks
OP
Was: Revis_Island
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OP
Was: Revis_Island
Underboss
Joined: Jan 2013
Posts: 2,300
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Well if Genovese made $2 mil in 1952 when he wasn't even the boss, I would assume that Costello made even more. I would imagine that Gambino was in the same ballpark, and some say that Jerry Catena had more money than anyone. I would guess that they made between $20 and $25 mil annually in today's money. How did Catena make all of his money? I’ve heard a lot about him but nobody really knows too much about his business profits because he was so profit. Also, I wonder what if any American bosses like Luciano for example would’ve become top businessmen like the Rockefeller’s or something like that had they been able to evade the FBI and legitimize their businesses. Part of his income was receiving skim money from Las Vegas. One of the reasons he was moved up to underboss and acting boss was his connection to Las Vegas. Vito Genovese never had that kind of connection. How does skim money work? Is it like that scene in casino when the guy goes in the back and just puts a bunch of money in the suitcase? Or did Catena have a bigger(or smaller) skim operation than that? I know he was on the board for Bally’s so I’m sure he made a fortune from stock options.
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Re: Genovese crime family height of power
[Re: Revis_Knicks]
#962117
01/21/19 10:45 PM
01/21/19 10:45 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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A lot of the times the #'s can be confusing I.E. when you read about the MOB ON WALLSTREET and a $30MM scam what that means is that investors in total lost $30MM that is not what O.C. made, on a scam like that they usually made $9MM
The same goes with sports books when the feds say $10MM sports book the guys running those books did not make $10MM Gamblers waged $10MM in bets, some won, some lost I.E. a gambler bets $1,000 on 8 sunday games wins 4, loses 4, the book made the vig however, that was $8K in bets
Especially when the #'s we get are from the feds they always inflate their #'s it makes cases look bigger
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Re: Genovese crime family height of power
[Re: Revis_Knicks]
#962121
01/22/19 01:19 AM
01/22/19 01:19 AM
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Joined: Jun 2016
Posts: 865
MightyDR
Underboss
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Underboss
Joined: Jun 2016
Posts: 865
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Well if Genovese made $2 mil in 1952 when he wasn't even the boss, I would assume that Costello made even more. I would imagine that Gambino was in the same ballpark, and some say that Jerry Catena had more money than anyone. I would guess that they made between $20 and $25 mil annually in today's money. How did Catena make all of his money? I’ve heard a lot about him but nobody really knows too much about his business profits because he was so profit. Also, I wonder what if any American bosses like Luciano for example would’ve become top businessmen like the Rockefeller’s or something like that had they been able to evade the FBI and legitimize their businesses. Part of his income was receiving skim money from Las Vegas. One of the reasons he was moved up to underboss and acting boss was his connection to Las Vegas. Vito Genovese never had that kind of connection. How does skim money work? Is it like that scene in casino when the guy goes in the back and just puts a bunch of money in the suitcase? Or did Catena have a bigger(or smaller) skim operation than that? I know he was on the board for Bally’s so I’m sure he made a fortune from stock options. In The Godfather Garden by Richard Linnett has a great chapter on Catena. According to FBI reports based on bugs in mobster's offices, Catena's take of the Vegas skim was about $120,000 a month in the early 60s. He bragged on a bug that Runyon sales, his coin operated machine business, was doing about $20 million a year in business. He also had interests in all sorts of legitimate businesses over the years plus illegal gambling operations. One report I read said he and Joe Adonis made $120,000 in 1946 from just one illegal casino they had going. The FBI estimated that his personal assets exceeded $50 million.
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Re: Genovese crime family height of power
[Re: Revis_Knicks]
#962249
01/23/19 11:49 PM
01/23/19 11:49 PM
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Joined: Jan 2013
Posts: 2,300
Revis_Knicks
OP
Was: Revis_Island
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OP
Was: Revis_Island
Underboss
Joined: Jan 2013
Posts: 2,300
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I had a conversation on this site about the American mobsters vs the drug kingpins of America during the 70s/80s. It seemed like most people agreed that the top drug guys actually made a lot more money than the top mob guys, but the top mob guys had more power and lasted a little longer. But it sounds like Catena was maybe making drug kingpin type money. I’m sure there are also other mobsters who also made money like this as well. Such as Gambino, Castellano, Costello, Lombardozzi, Galante, Conte, maybe Lucchese, and the list goes on.
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