Talk:Otto Berman

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Apparently[edit]

Apparently, this guy could use differential equations and probability while filing financial statements. I dug around for a sample and came back empty handed. Could be very interesting to link it if someone get lucky —Preceding unsigned comment added by Wk muriithi (talkcontribs) 02:03, 18 December , 2004 (UTC)

"The winning policy numbers were derived from horse race tracks from the betting results on the pari-mutuel boards. Berman told Schultz that he could manipulate the betting so that heavily played numbers would never win. At first Schultz turned him down because he wanted to keep the game honest. However, the following year when Schultz was embroiled in expensive tax matters, he hired Berman.

"Berman would go to the designated track where the winning policy numbers would be established, usually Cincinnati (where Schultz had hidden ownership in River Downs Race Track), New Orleans, or in Florida. After the races were concluded that produced the first two numbers, he would call George Weinberg in New York who would tell him which numbers would cost them the most money for that day. Berman would then go to the pari-mutuel windows and place a bet that would influence the third digit in the gang’s favor. Once when asked about the success of Berman’s efforts, George Weinberg replied, “pretty near everyday was a winning day.” Estimates of Schultz’s income from the policy rackets were from $12 to $14 million annually." - http://www.crimelibrary.com/gangsters_outlaws/mob_bosses/schultz/rackets_3.html -- Beardo 06:25, 14 April 2007 (UTC)

Certainly refering to him as a Mafia accountant is flat wrong. He worked for Schultz who was not in the Mafia as no non-Italians ever were.Jrm2007 09:15, 18 April 2007 (UTC)

Schultz was in the Jewish Mafia.209.169.124.117 05:32, 7 September 2007 (UTC)