For sure many have taken loans to wash money and invested in real estate like bars restaurants and built apartment buildings to keep that money rolling in and legitimate and this is not just in NYC all over in popular small towns up state and many other cities have kept a small fortune growing into a very large or a large fortune into a huge one .
Easily repaying the loan quickly not to have to pay to much interest and of course all legal and a good way to mass a small fortune. Easy started with one small apartment building .
The guys who invested in real estate ended up being the richest of them all. Such as Francolino and Ponte. They were not made guys though which makes me wonder why such big money makers were never made.
The Westside wouldnt make guys like Ponte because that would put too much law enforcement heat on them, and they were generating so much money for the mob. If Ponte was a captain then he’s at risk for bigger sentences, verses as an associate his lawyer can say, “He’s not a member of the mafia, he’s a businessman who’s being extorted, etcâ€.
I think someone on here grew up with one of Pontes kids (or grandkids) and said they’re worth hundreds of millions.
