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Jul 21, 2021 · Dutch Schultz, a notorious gangster and bootlegger, allegedly hid money, gold, jewelry and bonds in a hidden cache in the Catskills region in the 1930s. A new report from the Times Union estimates the treasure's value at between $50 million and $100 million, based on his fortune at the time and the location's popularity.
- Who Was Dutch Schultz?
- Early Life
- Bootlegging Empire
- Multiple Indictments
- Violent Death
- Dutch Schultz's Last Words
- Treasure
- GeneratedCaptionsTabForHeroSec
Infamous gangster Dutch Schultz first turned to burglary after his father left his family and later began bootlegging. Soon he expanded into illegal gambling, clashing with rival gangsters Legs Diamond and Vincent Coll. In the 1930s he was targeted by both the IRS and special prosecutor Thomas E. Dewey. Schultz was killed by members of the notoriou...
Dutch Schultz was born Arthur Flegenheimer on August 6, 1902, in the Bronx section of New York City. During his relatively brief life, Schultz became a powerful figure in the New York crime world, earning the nicknames "Beer Baron of the Bronx" and "The Dutchman." The son of Jewish immigrants from Germany, he grew up in the slums of the Bronx. His ...
In the 1920s, Schultz became involved in bootlegging during the Prohibition and became associated with the likes of gangsters Lucky Luciano and Legs Diamond. Schultz eventually bought a partnership in an illegal saloon. Ruthless and determined, Schultz formed a gang with friend and fellow criminal Joey Noe, and they built an illegal business sellin...
Around this time, Schultz continued to grow his illicit enterprises, adding illegal gambling to his portfolio of profitable crimes. His gang operated slot machines and ran a policy racket, which was like a type of lottery. But Schultz was increasingly attracting the attention of the authorities and was indicted on a tax charge in 1933. He spent mon...
On the night of October 23, 1935, Schultz and four of his associates were shot at a restaurant in Newark, New Jersey. A brutal man believed to have been responsible for the deaths of many others at his hand or by his order — Schultz died the next day. Shortly before his death, he gave a rambling statement to the authorities, but he never named his ...
As he lay dying from bullet wounds on a hospital bed, Schultz uttered strange thoughts that were incomprehensible to the police who were hoping to get information from him. Some of Schultz's last words were: - “A boy has never wept…nor dashed a thousand kin.” - “You can play jacks, and girls do that with a soft ball and do tricks with it.” - “Oh, O...
Afraid of being sent to jail by Prosecutor Dewey, Schultz had a special safe constructed and used it to hide cash and bonds worth $7 million. He and his bodyguard hid the safe in a secret location in upstate New York, but when the two were murdered, they took to the grave the knowledge of where the treasure was. To this day, it's never been recover...
Learn about Dutch Schultz, a notorious gangster who made millions from bootlegging and gambling in the 1920s and 1930s. Find out how he died, what he said before he died, and where he hid his $7 million treasure.
Dutch Schultz (born Arthur Simon Flegenheimer; August 6, 1901 – October 24, 1935) was an American mobster based in New York City in the 1920s and 1930s. Schultz made his fortune in organized crime-related activities, including bootlegging and the numbers racket.
- 1918–1935
- Peritonitis from a gunshot wound
Oct 4, 2021 · Dutch Schultz was a notorious mobster who allegedly buried a fortune in the Catskills before his death in 1935. The treasure hunt continues to this day, but many doubt its existence or authenticity.
- Cynthia Griffith
Nov 19, 2020 · Infamous mobster Dutch Schultz allegedly buried millions somewhere in upstate New York, and treasure hunting teams are hot on the trail.
Jul 20, 2021 · A Virginia psychic had visions that he was channeling Otto Berman, Dutch Schultz’s right-hand man, and he was determined to uncover the treasure and donate it to charity so he could rest in...
Nov 15, 2021 · When Dutch Schultz died after contracting an infection from a gunshot wound in 1935, he took his secrets to the grave. One secret took the form of a steel strongbox. It contained riches worth an estimated $150 million, or $7 million in those days.
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