Treasure Worth Millions: Is Gangster Dutch Schultz’ Treasure Really Buried In Upstate New York?

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Treasure Worth Millions: Is Gangster Dutch Schultz’ Treasure Buried In Upstate New York?

Is Gangster Dutch Schultz' Treasure Worth Millions Buried in Upstate New  York? - Untapped New York

The famous New York City criminal Dutch Schultz is accepted to have shrouded a treasure of more than 50 million dollars someplace in upstate New York. After an existence of homicide, smuggling, and unlawful betting, Schultz was executed by opposing gangsters in 1935, taking the location of his cash with him to the grave. The search for Schultz is still going on. And it is the subject of another PBS narrative broadcasting this evening, Secrets of the Dead: Gangster’s Gold.

Dutch Schultz was born to German-Jewish migrants as Arthur Simon Flegenheimer. He grew up in the Bronx and was very poor. After his father abandoned them, he started committing crimes to support his family. At 17 years old, he carried out a 17-month jail punishment for theft. He proceeded with his life of wrongdoing as an individual of a youth gang. From then onwards, he was named Dutch Schultz. 

With the beginning of Prohibition in 1920, New York City was overwhelmed by coordinated crimes. Smuggling turned out to be exceptionally productive, and Schultz and his group started an unlawful beer business that compromised bar proprietors with viciousness if they didn’t buy from them. The activities extended from the Catskill Mountains and the Bronx to Manhattan, where regional clashes with different posses involved Schultz in a few group fights, all of which he effectively survived. To increase his income, he started illegal gambling, and his fortune kept on multiplying. 

Searching for gangster Dutch Schultz's gold

Schultz’s ruin started in 1933 when he was prosecuted for tax avoidance by investigator Thomas E. Dewey. Witnesses were reluctant to affirm against Schultz out of dread, bringing about his dismissal — however Dewey, an influential legal advisor and the future legislative leader of New York, kept on pursuing Schultz. Dewey was a praised public figure, working with previous New York City Mayor Fiorello La Guardia to fight New York City’s enormous mafia presence as a Special Prosecutor. He convicted gangsters named Lucky Luciano and Waxey Gordon in the past. 

Schultz’s downfall would eventually be caused not by Dewey, but rather his fellow mobsters. Schultz made arrangements to execute Dewey against the mafia’s requests, bringing about the overseeing body of the mafia recruiting two Murder, Inc. hit-men to start shooting at Schultz and his partners. At the same time, they ate at the Palace Chop Restaurant in Newark, New Jersey, on October 23, 1935. The site is currently the parking garage. Nearby, the inn TRYP has a bar named for Schultz, called “Dutch’s Lounge.” 

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Schultz had kept his fortune in a safe instead of trusting banks during the violent monetary occasions of the Great Depression. Stressed that Dewey may detain him, Schultz had headed to an obscure area and buried the box full of treasure in upstate New York before his demise. The treasure box is believed to contain diamonds, gold coins, gold-backed $1,000 bills, and uncashed bonds, in total worth $50 to 150 million dollars today. For almost a century, treasure trackers have scoured the Catskills looking for the tragically missing fortune. 

The treasure trackers in the TV program utilize old photos, maps, radar, metal locators and different apparatuses to help their inquiry. They came across a deserted area in the forest, precisely where the guide has found it to be, a relinquished house accepted to have been a den for Dutch’s pack, and attempt to split down bricked up shrouded burrows in their mission.

TV show hunts for gangster's treasure in Adirondacks

The last living individual from Schultz’s pack, Stanley Grauso, is met in the PBS narrative Secrets of the Dead: Gangster’s Gold. At 104 years of age, Grauso reviews Dutch Schultz’s rule as a fantastic kingpin and his unnecessary quarrel with foe Thomas Dewey. Utilizing current innovation and many years of exploration, three groups of expert treasure trackers advance the almost every long term look for Schultz’s shrouded treasure in the Catskills, looking for what survives from the scandalous hoodlum’s heritage.

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