Loan Sharks Thrive In Underworld Profits And Fear
In 1957 a Yonkers restaurant owner borrowed $10 000 from a loan shark to save a $200 000 business. He paid $18 000 in interest but still owed $35 000 in penalties and principal. The law exempts such loans, enabling usurious rates and violent collection. Loan sharking funds syndicates and can takeover legitimate ventures.
MENTIONED IN THIS ARTICLE
New York
Yonkers
Orish
Brooklyn
Lence
Jacob Grumet
State Investigation Commission
Legion Party This Afternoon With Music and Santa
The American Legion hosts its annual Christmas party this afternoon at 3 p.m. in the Legion Home auditorium. The program features Del Hodshire and his Sof tones, dancers from the Joan Ritter School of Dance, plus candy ice cream and a visit from Santa Claus. The London Zoological Society’s Fish House pioneered public exhibitions of water breathing animals and led to aquariums. the original fish house was replaced in 1924.
MENTIONED IN THIS ARTICLE
The
American Legion
Legion
del Hodshire
Softones
Joan Ritter
Dance
Candy
London Zoological Society
Gru Met Says Gruppo Lauched Loan Sharking Scheme
A quoted source notes that Gruppo leaders claim money breeds more money and profited from illegal ventures by expanding loan sharking. The remark underscores a broader pattern of financial crime tied to organized crime figures.
Also Mentioned on This Page
Underworld of Nation
By Charles West
Santa Claus
Whealah Wtath
Tredemarka of
Oneida Lad
Serva-Troys
Eoth
Oneidacraft
Dre OY
Dasons
Hardware Middletown Shopping Plaza
Corner Men’s Shop
Central Ave
Holiday Safety Service
Firestone
Vay
Yauum
UNI
Ice
U.S
Don Muenzer
South Broad
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!