|According to John Grant Emeigh of the Tribune Chronicle, Joseph Perfette, former Trumbull County organized crime leader, had hoped his ill-gotten gambling gains would never be found. According to FBI Special Agent John Kane of the Youngstown branch, Perfette buried “nearly a half million dollars in what he said were illegal gambling proceeds hidden for at least 12 years.” |
The money was found in the Warren home of relatives of Perfette, whom police regard as being innocent of the knowledge that the money was there.
Agent Kane shared some interesting details, though the exact manner of how the loot was stashed has not been revealed. The bills, in large denominations, were wrapped in aluminum foil. None of the bills had dates any later than the 1980s, indicating that this was the hidden revenue of Perfette's illegal gambling activity, which included all things that bookies can do -- sports betting, numbers gaming (illegal lottery), and a variety of casino games. The money smelled of mildew.
Detective Jeff Hoolihan, on the scene, said most of the bills were so damaged that they could not be counted in counting machines. Investigators took several hours to count the $455,000 the crime boss had pirated away.