Covid-19’s hit on the mob: Mafia revenue falls foul of the virus
Mafia mainstays including construction, restaurant extortion and illegal gambling have been hit hard by coronavirus, losing mobs millions of dollars.
The cancellation of major sports fixtures due to the virus has wiped out tens of millions of dollars in illegal gambling income, law enforcement have revealed.
The postponements and cancellations of the NBA, MLB, March Madness, the NHL, MLS, horse-racing and pro golf, have now left the betting scene dry.
One source told the New York Post: ‘There’s never been a time when they weren’t making money through gambling.
The cancellation of major sports fixtures due to the virus has wiped out tens of millions of dollars in illegal gambling income, law enforcement have revealed
‘Since the days of Lucky Luciano, when the Five Families started. This is historic.’
The insider also said that a lot of people live off that money and that the profits lost are estimated to be reaching eight figures, before the worst of the disease has even hit.
The extortion of restaurants has also fallen, with eateries ordered closed except for takeout and delivery.
Construction rackets had also been bringing in money until New York governor Andrew Cuomo halted all nonessential projects on Friday, sources said.
One law-enforcement source said construction was a ‘big deal’ because it has lots of branches and that mobsters don’t just profit off the jobs themselves but related areas like trucking and the ports.
Construction rackets had also been bringing in money until New York governor Andrew Cuomo (pictured) halted all nonessential projects on Friday, sources said.
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Mobs have also been hit by less private carting companies being open – historically a popular enterprise for the criminal groups.
Insiders say the lack of business in lots of areas mean the men may soon be forced to rely more on the sale of narcotics, Used Semi Trucks which seems unharmed during the pandemic.
‘There’s still deals being made,’ one insider said, speaking generally of the drug trade and not the mob’s involvement.
Scenes captured recently on surveillance cameras suggests a possible shift to drug peddling, according to sources.
New York has been hit hard by the spread of the coronavirus. Pictured: Metropolitan Hospital with an emergency tent outside
‘A of the lot time, the big topic of conversation would be talking about gambling. That’s dried up,’ one source said, noting the shift in focus to narcotics.
However, even moving to this has its restrictions due to coronavirus, as much of the product would be moved in mob-restaurants, bars and strip clubs that have now been forced to shut by the state.
It’s a shutdown that anti-mob crusaders like US Attorney General Kennedy and then-federal prosecutor Giuliani tried for more than 100 years to achieve, one source said.
‘This is doing what they couldn’t do,’ one source said.
How coronavirus cripples the New York Mafia