I really don't want to get into this most futile of mob-related subjects but you are going to far the other way. The entire American mob making less than $100 million?

It also depends on how you want to add the figures up. For example, would the total profits from John S-------'s auto dealerships be included or just the money he himself made. There's any number of ways one can figure it.

i thought that the mob made around four to five billion on superbowl either sales or net profit ?

IMHO the large number of rats is actually a symptom of the RICO effect, and not an independent factor in and of itself.

Valachi flipping didn't trigger a flood of made guys ratting; this phenomenon started in full force after RICO prosecutions were heavily implemented.

Italian-American assimilation and mainstreaming was what destroyed the smaller families IMHO. The RICO prosecutions just provided the coup de grace for what was already dying out. I also think (and I may be in the minority here) that some of the smaller families were centered on one strong personality, and when that person (such as, for example, Balistrieri) was out of the picture the family lost their cohesion that person's leadership and authority provided. This wouldn't be possible with the huge families in New York, obviously.

I forgot to mention the billion dollar gambling ring was an offshore gambling website so there could be a chance that made humdred of millions or even a billion but i guess we will find out when they eventually go to trial

In his book, Five Families, Selwyn Raab cited a study done by the NYPD in the early 1990's that said about $1 billion was wagered with mob bookies on the Superbowl in the Tri-State area; with the profit margin being around 15% - or $150 million. Exactly how they came up with that, I don't know.

One thing's for sure, as others have mentioned, much like when it comes to narcotics figures, both law enforcement and the press like to cite gross, rather than net, figures.

Valid points also. Well put.

Though I would lump assimilation under the general attrition theory, as one of the factors feeding into it. The effects of said attrition on the smaller, more unilaterally led groups was pretty much devestating, and even on the Five pretty formidable. Moreso then any government led opposition or operation for sure.

On October 1, 2009 DiNapoli was indicted in a racketeering scheme that MADE approximately $400 million from gambling, loansharking, gun trafficking and extortion

Salvatore "Tore" LoCascio along with Richard Martino, Salvatore introduced the Gambinos to online pornography operations that EARNED the family up to $350 million per year

So no way its less than $100 million its more than 1 billion but we can only discuss about it.

Once again, that was a estimate on gross wagers over the period of the investigation. In other words, how much money was bet. Same for the $2 billion in wagers that had been cited in the 2007 Lucchese bust in Jersey. And even then, all of these wagers are probably going through the same offshore wirerooms which are involved in several operations with different families. Not to mention the fact that when we're talking about how much money they "made," the net profits from bookmaking - as long as the books are balanced - are about 10% or so.



The Locascio crew ran two scams from 1996 until the time they were indicted in 2003 - phone cramming and internet scams advertising free trials for phone sex, online adult websites, etc. and then adding additional charges on the credit cards of millions of buyers. The total take was estimated to be upwards of $750 million over the 7 years. In short, while they made a lot of money, it was one of those one-off things. Not something that's still going every year.

could be something big happening now all we now. doesnt the gambino control all of the drug sales in queens because i heard that on a report?

Well, on the whole, the business of the mob continues. Just not those specific scams by that crew. And, yes, during the big bust in January 2011, it was alleged the Gambinos controlled a lot of the drug sales in Queens.

yh. we are never gonna know how much they make but its defiantly more then hundred million. i thought they did/do. wasnt that mob bust more like quantity not quality like the gambino bust in 08?

The Gambino family at its height made 500 million a year. This was in the 1970s and 1980s. It's reasonable to think that they nowadays still make at least 100 million or more.

yh 500 mil inthe 70s and eighties but that now would be like 800 mil today so i think they cwould be earning 300 mil or something. how much you think genovese makes?

Inflation also certainly plays a role, but they are kicked out of a lot of rackets by the feds. Still, I don't see any reason why both the Gambino and Genovese families would not make at least 100 million a year, maybe even hundreds of millions.

100million a year? That's a lot of money. Does all that money go the boss? Aren't the soldiers poor?

yh thanks. i knew that was a good point to come out with haha. its garbage and fish marlet there out of business but construction waterfront their still deeply involved in. because of loop holes in waste their in recycling i heard

no? i think the boss gets ten percent of everyones take. not sure what happens with the underboss or consig

I think there are no rules set in stone, all made guys are kicking up certain amounts depending on the family, the bosses etc. Everyone has different situations.

It still pays to be a boss, if you can keep out of the spotlights. You will get a yearly income in the millions.

Im talking mob-tied businesses pure profits not revenues. I feel that often times these articles will say "this bookmaking operation made $2 billion or $400 million, etc". let's be honest if they made that amount i.e. they must have taken home each one of these guys tens of millions you would be hearing from the feds trying to seize all these millions of dollars, cars, boats, businesses, etc. These mob guys (most) aren't that super smart to hide it all from the feds. Personally, I just dont believe it. I like to see cold hard facts.

Ivy League was talking pure profits too. 100 million year total net profits would be the kind of money the mob would make if every single member and associate worked at McDonald's. If that were the case the financial incentive for organized crime would evaporate. Remember, these guys are still willing to commit murder occasionally to keep the mob viable as an ongoing concern. I doubt if they would do that for the equivalent of a full time minimum wage job.

the incentive is always there, guys wants a quick buck and have done crimes all their lives thats all they know the formal economy is not a place for them nor would they probably want to be there anyways, lets say my number $100 million is correct and lets say I divide that by 1000 (made guys only not associates - i know im being generous with this high number) that would be $100K a year which is a decent (im sure they want more) if there were 1000 made guys running around. Well now obviously this number fluctuates greatly, Bosses make more than Capos who make more than soldiers generally speaking. I still stand by my number.

Oh if it's for made guys only then you and I agree! I was talking about a billion in net profits for everyone. I figured about a billion for 10,000 total members and associates, with every member/associate averaging 100K (with some a lot more and some a lot less).

I thought you meant 100 million for all mobsters (made and unmade) combined. That would work out to 10K - 20K per year for each member/associate on average, which is comparable to a minimum wage job.

They have been run out of some rackets by the feds but other rackets like internet porn have been gained. The FBI estimates the 5 families alone profits in he billions, not gross profits.

http://www.marketplace.org/topics/life/n...bs-big-business

yep we agree

I have no idea what kind of funds they really make, and I'll agree that nobody in their "right mind" would join the mob for that... just don't count out all the cowboys that would probably do it for free just to say or think they were in the mob.

A few of them probably would .

a few of them prob don't make much more than someone with an 9 or 10 dollar an hr job.

True, but I bet the total hours spent actually working at crimes is way less than full time. So it might work out to work/time ratio of like 50-100 bucks an hour even for the bottom feeders. Make a 5k score, live off that for like 3 months without doing anything else, etc etc.

People will do all sorts of things to avoid actually working.

yeah thats what i was getting at that not every score is a big million dollar gig and your only as good as the scams you come up with........you just summed it up a little bit better
thanks ivan