Gangster Dutch Schultz’s $150 million treasure is supposedly buried in New York

Upstate New York: House to Buffalo wings, Niagara Falls and a gangster’s buried treasure?

Sure, legend has it that the Catskills the town of Phoenicia conceals a trove of cash, bonds and jewels that after belonged to a New York Town bootlegger named Dutch Schultz. The prison’s riches were hunted for just about 90 years, however after a contemporary leap forward, two intrepid males imagine they’re about to hit the jackpot.

Colorfully referred to as the Beer Baron of the Bronx, Schultz made a fortune within the 1920s promoting suds right through Prohibition, when alcoholic drinks have been unlawful throughout the USA. Born Arthur Simon Flegenheimer in 1902, and raised in a slummy Bronx community, Schultz, together with his thugs, made a profitable industry from hawking banned booze, even if their brew used to be identified for being essentially the most horrendous tasting stuff on the town.

Chalk up the gangster’s good fortune to a powerful gross sales spiel. “He and his spouse Joey Noe have been extraordinarily brutal,” Nate Hendley, writer of “Dutch Schultz: The Brazen Beer Baron of New York,” informed The Publish. “They might pass to speakeasies and threaten to overcome the crap out of [proprietors] who didn’t purchase their beer. One saloon proprietor, Joe Rock, silly sufficient to refuse, were given hung via his thumbs. A rag dipped in a gonorrhea sore used to be positioned over his eyes. It ultimately blinded him.”

After Prohibition led to 1933, Schultz padded his overflowing coffers much more via strong-arming racketeers in Harlem, and forcing them to chop him in as a spouse. However NY prosecutor Thomas E. Dewey (later to be governor and a failed presidential candidate) vowed to forestall his wrongdoings. Within the wake of fellow gangster Al Capone being discovered responsible of source of revenue tax evasion, Dewey stated that Dutch can be imprisoned via an identical manner.

In step with a brand new documentary, “Secrets and techniques of the Lifeless: Gangster’s Gold,” it’s believed that Schultz — a miser who, stated Hendley, “seemed like an unemployed clerk” — ready for his takedown via burying a princely sum of money, bonds and diamonds within the Catskills. To this present day, it’s by no means been discovered.

The display, which airs Nov. 18 on PBS, follows a couple of Canadian treasure hunters, Steve Zazulyk and Ryan Fazekas, who imagine they’re final in at the gangster’s cache. They handle the loot used to be value $7 million on the time it used to be hidden and about $150 million these days. Whilst Dutch’s buried treasure is hardly ever a secret — the display depicts two different groups, composed of amateurs, in the hunt for the similar booty — Zazulyk insisted that he and his spouse are higher supplied than the ones weekend warriors. An arsenal of steel detectors and particular radar augments their talents and revel in

“We’ve got connections,” Zazulyk informed The Publish. “The important thing particular person is Bruce Alterman,” regarding a non-public investigator who lives within the space and claims to have had a circle of relatives member who informed him tales about Schultz. At the display, Alterman supplied memories of his grandfather that excited the treasure hunters whose quest had already taken them via a deeply wooded space close to Yonkers and a house in Bronxville, which might include a hidden tunnel utilized by Schultz.

“Bruce is aware about a large number of personal knowledge that you wouldn’t point out to very many of us,” he stated. “Bruce threaded the tale at the side of timelines, main points on how a long way [Dutch and his gang] traveled and the roads they took.”

Alterman discovered a revealing article in a 1939 factor of Collier’s mag. In it, a former legal professional of Dutch Schultz recalled a 2-by-Three-foot metal field stuffed with diamonds, gold cash and $1,000 expenses.

“It’s only an issue for anyone to search out it,” Alterman stated within the document.

Even the display’s director, Elizabeth Trojian, is in at the hunt, invested emotionally — and financially.

“My grandfather used to be muscle for Dutch Schultz,” she informed The Publish. “He stored a magazine, and there have been references to gold cash.” As for Trojian’s subject material payoff, she sounds much less sure: “To start with, we have been pronouncing I might get 10 p.c. Now it’s extra like, ‘Let’s see how giant it’s.’”

Schultz refrained from tax-related fees two times and used to be killed via fellow mobsters after he made noise about offing Dewey. Fearing that the homicide of a extremely positioned public professional would carry warmth on Large Apple mobsters, a couple of hitmen from Homicide, Integrated, shot Schultz within the restroom of the Newark chop-house he owned.

Schultz died an afternoon later, on Oct. 24, 1935. However about two hours ahead of he handed, the gangster left a very powerful clue as to the whereabouts of his stash.

“Lulu, power me again to Phoenicia,” he stated, regarding his bodyguard/chauffeur. “Don’t be a dope, Lulu, we higher get the ones Liberty Bonds out of the field and money ’em.”

His ramblings have been transcribed via a police-appointed stenographer and shaped the backbone of William S. Burroughs’ ebook known as “The Ultimate Phrases of Dutch Schultz.”

Taking into account that Zazulyk and Fazekas are extra about trade than artwork, it’s simple to surprise why they’re dating TV publicity. “[The show] can paintings to our get advantages,” stated Zazulyk. “Rapidly, anyone [who sees it] may just come from out of the woodwork with knowledge that shall we by no means have imagined.”

Plus, there used to be promised discretion: “We might permit just one digicam with us and the fellow [shooting] used to be sworn to secrecy.”

We might permit just one digicam with us and the fellow used to be sworn to secrecy.

 – Steve Zazulyk

Nonetheless, a big clue is splashed everywhere the display. It got here by means of a photograph touted via Alterman — and presented via the director’s brother Tim Trojian. He owns assets within the Catskills and concurred with Elizabeth that their grandfather supplied “muscle for Dutch Schultz.”

Trojian produced what looks as if a slightly risk free shot of a wooded space along Stoney Clove Creek, in Phoenicia, with a automobile parked within reach. No longer one to underestimate a possible lead, Fazekas learn into the picture.

“Other folks [in the 1930s] didn’t take surroundings pictures and waste their movie,” he stated. “And this isn’t scenic; it needed to imply one thing.”

Intimating within the documentary that this is a shot of the burial spot, snapped for long term reference, he added, “My rivalry is they transported the heavy metal field and buried it along Stoney Clove Creek.”

Alterman stated that the image supplies “a hyperlink like no different. If we will fit up the creek in that image with a gift day location, I can say let’s get away the steel detectors.”

Thus far the Canadians have handiest discovered two 1903 gold cash close to the creek.

The street to Dutch Schultz’s loot

Nonetheless, they’re adamant they’re inside of a soccer box of the fortune. Creator Hendley, on the other hand, sounded skeptical.

“I [am] no longer vastly constructive,” he stated. “Discovering a treasure when no person is aware of the place it’s, that’s haphazard at easiest. Gangsters didn’t stay memos or mins from their conferences and they aren’t identified for cautious deliberation. Dutch may have thrown a number of cash in a paper bag and informed a man to bury it. It will all be dissolved via now.”

The 2 gold cash have inspired Zazulyk and Fazekas. Mark Schimel, of Stack’s Bowers Uncommon Cash in Ny, valued the items at round $950 every, and Fazekas seen them as “bread-crumb[s] main us down a path to the massive hit.” Although briefly slowed via COVID-related trip restrictions, he and Zazulyk are able to wreck out their scuba equipment and get started digging across the water’s edge.

“We no longer handiest wish to seek this space, however we wish to do it rapid, ahead of other folks to find out,” Zazulyk declared within the document. “The search is on!”

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