If you’re a fan of history and true crime stories, you may have already heard of the infamous Dutch Schultz. Born Arthur Flegenheimer in the Bronx in 1892, Dutch Schultz became a notorious bootlegger and racketeer during Prohibition. He made a fortune through illegal activities such as speakeasies, gambling dens, and extortion. However, Dutch Schultz’s notorious lifestyle eventually led him to his demise when he was gunned down in 1935 at the age of 43. But the question remains: where did Dutch Schultz hide his money?
Many have speculated over the years as to where Dutch Schultz may have hidden his fortune. Some say he hid it in wooden barrels, buried beneath the ground in upstate New York. Others believe that Schultz’s money is still hidden away in the walls of one of his many underground gambling dens. There are even rumors that Schultz had the money stashed away in a private vault somewhere in Europe. The truth is, no one knows for sure where Dutch Schultz hid his wealth. But the mystery surrounding the whereabouts of his fortune only adds to the legend of the infamous bootlegger.
Despite his criminal lifestyle, Dutch Schultz was a mastermind when it came to business and making money. He was known to be extremely secretive, and many believe that the location of his fortune died with him. However, some have claimed to have found evidence that suggests otherwise. Could it be that Dutch Schultz’s hidden stash is still out there, waiting to be discovered? Only time will tell, but one thing is for sure: the mystery of where Dutch Schultz hid his money will continue to intrigue and captivate those interested in the seedy world of organized crime.
Dutch Schultz Biography
Dutch Schultz, also known as Arthur Flegenheimer, was born on August 6, 1902, in the Bronx, New York. He dropped out of school at a young age and started working as a truck driver and a beer runner for bootleggers during Prohibition. Eventually, he started his own bootlegging business and became a major player in organized crime in New York City during the 1920s and 1930s.
Schultz was known for his violent temper and ruthless tactics. He was involved in numerous illegal activities, including bootlegging, gambling, and extortion. He was also accused of several murders and was investigated by law enforcement agencies for years. Despite this, Schultz managed to evade prosecution and continued to expand his criminal empire.
However, his luck ran out in 1935 when he was charged with tax evasion. Facing a lengthy jail term, Schultz decided to hide his fortune rather than pay his taxes. He allegedly buried millions of dollars in cash and diamonds in various locations in upstate New York. He even created a cryptic code to help him remember where he had hidden the money. Unfortunately for Schultz, he was gunned down in a restaurant in Newark, New Jersey, in 1935 before he could retrieve his hidden fortune.
Dutch Schultz’s Criminal Career
Dutch Schultz, born Arthur Simon Flegenheimer in 1902, was a notorious American mobster and bootlegger during the Prohibition era. He was one of the most powerful and ruthless gangsters of his time, controlling illegal operations like gambling, prostitution, and narcotics. Schultz was known for his violent nature and lack of hesitation to eliminate his rivals in the mob business.
- Schultz started his criminal career as a teenager, working as an urchin for a gang in the Bronx. He quickly rose up the ranks and became a trusted member of the gang.
- In the 1920s, Schultz partnered with another gangster, Joey Noe, to start a bootlegging operation in the Bronx. The operation evolved into a large-scale criminal empire, with Schultz controlling multiple speakeasies and illegal breweries.
- Schultz’s power and influence grew rapidly, and he became a major player in the national organized crime syndicate known as the National Crime Syndicate.
Despite his success, Schultz became embroiled in a bitter and bloody feud with his former partner, Joey Noe. The conflict escalated into a full-blown gang war, resulting in the deaths of numerous gangsters on both sides.
In 1935, Schultz was indicted for income tax evasion and began to fear for his life. He believed that the National Crime Syndicate was preparing to have him assassinated to prevent him from testifying against them. In an effort to protect his assets, Schultz began hiding his money in various locations throughout upstate New York.
| Location | Amount Hidden |
|---|---|
| Catskill Mountains | $7 million |
| Near Phoenicia, New York | $1.5 million |
| Town of Deposit | $1 million |
Ultimately, Schultz’s efforts to safeguard his assets were in vain. He was gunned down in 1935 before he could testify against the National Crime Syndicate, and his hoard of hidden cash was never recovered.
Dutch Schultz’s Syndicate
Dutch Schultz, also known as Arthur Flegenheimer, was one of the most notorious and successful bootleggers during the Prohibition era. He built a vast criminal empire spanning across the East Coast, which included a network of associates, hitmen, and corrupt law enforcement officials. Schultz ran his operations through an organization named the Dutch Schultz Syndicate.
Unparalleled Power
The Dutch Schultz Syndicate was a formidable network that controlled illegal activities in cities like New York, New Jersey, and Philadelphia. The syndicate had hundreds of members under its payroll, including judges, politicians, and law enforcement agents. Schultz had a loyal following of men who would do anything to protect their boss, including murder and intimidation.
- The syndicate had its own system of communication that used code words and secret languages to avoid detection by authorities.
- Schultz made regular payments to high ranking officials and politicians to ensure that he could operate unchecked.
- The syndicate controlled everything from bootlegging to gambling, and even had a hand in the construction business.
Where Did Schultz Hide His Money?
Throughout his life, Dutch Schultz accumulated millions of dollars from his illicit activities. But as his legal problems started mounting, Schultz became paranoid and began storing his wealth in strategic locations across the country to avoid being seized by the authorities. One of the most famous tales about Schultz’s hidden treasure involves a coded map that he gave to his associates, which was never deciphered.
Another popular theory suggests that Schultz buried his fortune in various locations around upstate New York, particularly in the Catskill Mountains, where he owned several properties. However, none of Schultz’s hidden treasures have ever been found, since his sudden assassination in 1935 prevented anyone from gaining access to his valuable secrets.
| Pros | Cons |
|---|---|
| There is evidence that Schultz did stash his money in hidden locations, which could turn out to be a lucrative find for treasure hunters. | The treasure map may have been destroyed or lost, making it impossible to find the wealth Schultz hid. |
| Upstate New York is known for having vast expanses of land, which would make it challenging to search for the hidden treasure. | Schultz’s associates may have already found the treasure and kept the information a secret. |
Despite many attempts by numerous treasure hunters, Schultz’s hidden wealth remains a mystery to this day. However, the Dutch Schultz Syndicate’s power and charismatic leader have left a lasting impact on American criminal history, making Schultz one of the most iconic bootleggers of all time.
Dutch Schultz and the IRS
Dutch Schultz, whose real name was Arthur Flegenheimer, was a notorious American gangster in the 1920s and 1930s. He made millions of dollars through illegal activities such as bootlegging, gambling, and extortion. However, he was also known for his lavish spending and extravagant lifestyle, which caught the attention of the Internal Revenue Service (IRS).
The IRS started investigating Schultz’s finances in the mid-1930s, suspecting that he was not paying enough taxes on his income. In 1935, Schultz was indicted on several counts of tax evasion and faced up to five years in prison and a fine of $10,000. He hired a team of lawyers and accountants to fight the charges, but the case was ultimately dismissed due to a technicality.
Where did Dutch Schultz hide his money?
- Swiss bank accounts: Schultz was rumored to have deposited large sums of money in Swiss banks, which were known for their strict secrecy laws. However, there is no concrete evidence to support this theory.
- Underground vaults: Schultz reportedly had several underground vaults where he stored his cash and valuables. He was known for his paranoia and believed that the government was always after his money.
- Investments in legitimate businesses: Schultz also invested in legitimate businesses such as real estate and restaurants, which helped him launder his illegal profits. He owned a chain of successful beer gardens and nightclubs in New York City.
The failed hit on Dutch Schultz
In 1935, Schultz decided to take matters into his own hands and eliminate his IRS problems by ordering a hit on Thomas E. Dewey, the lead prosecutor in his case. However, the plan failed, and Schultz was shot and mortally wounded in a restaurant in Newark, New Jersey. Before he died, Schultz reportedly muttered the words “A boy has never wept, nor dashed a thousand kin” repeatedly, which remains a mystery to this day.
Dutch Schultz’s hidden treasure
Rumors have circulated for years that Dutch Schultz buried some of his money in upstate New York before his death. Some believe that he hid millions of dollars in cash, gold, and silver in the Catskill Mountains, with clues to its location written in a cryptic code. Despite many attempts to find the treasure, it remains undiscovered to this day. In 2015, a group of treasure hunters claimed to have found a site that could be the location of Schultz’s hidden treasure, but it has not been confirmed.
| Location | Description |
|---|---|
| The Hollow Tree | Legend has it that Schultz buried a million dollars in a hollow tree near Phoenicia, New York. However, the tree has since fallen and has never been found. |
| The Old Farmhouse | Some believe that Schultz’s treasure is buried under an old farmhouse near Goshen, New York. However, the property has changed hands several times, and no one has ever found anything. |
| The Secret Cave | Another theory is that Schultz hid his treasure in a secret cave near the Neversink River. However, the cave has never been found, and many believe that it is a myth. |
Regardless of where Dutch Schultz hid his money, it is clear that he went to great lengths to protect his wealth from the government and other criminals. His legacy as a ruthless gangster and cunning businessman continues to fascinate and intrigue people to this day.
The Murder of Dutch Schultz
Dutch Schultz, originally born as Arthur Simon Flegenheimer, was a notorious American mobster during the Prohibition era. He was known for his involvement in bootlegging, gambling, and racketeering. However, his reign of terror came to an end when he was gunned down on October 23, 1935, in a Newark restaurant called Palace Chop House.
Where Did Dutch Schultz Hide His Money?
- Safe Deposit Boxes: Dutch Schultz owned several safe deposit boxes in different banks, which he used to store his cash and other valuables. However, it’s highly unlikely that he hid all his money in one place, making it difficult for anyone to find.
- Cryptograms: Dutch Schultz was known for his cryptograms, which he used to encrypt his conversations and messages. Some speculate that he may have used cryptograms to encode the location of his hidden money.
- Underwater Vaults: According to a myth, Dutch Schultz hid his money in a steel vault underwater in the Catskills Mountains. However, this theory has never been proven, and no one has found any evidence to support it.
The Mystery of Dutch Schultz’s Last Words
One of the mysteries surrounding the murder of Dutch Schultz was his last words, which have puzzled investigators and historians for decades. According to witnesses, Schultz whispered something before he died, but no one could understand what he said. Some speculate that he was trying to reveal the location of his hidden money, while others believe that he was speaking incoherently due to his injuries.
Interestingly, Schultz’s last words were rumored to be a curse on the prosecutor that had been trying to convict him in court. Some even believed that the curse had come true, as the prosecutor had died of a heart attack shortly after the trial.
The Failed Search for Dutch Schultz’s Hidden Treasure
After Dutch Schultz’s murder, many people went on a hunt to find his hidden treasure, which was believed to be worth millions. However, despite several attempts, no one has been able to locate it to this day.
| Search Party | Location | Outcome |
|---|---|---|
| Police and FBI | Various Locations | Found some money, but not the treasure |
| Bounty Hunters | Catskills Mountains | No evidence found |
| Dutch Schultz Associates | Unknown | No treasure found, but some associates claimed to have found some cash |
The failure to find Dutch Schultz’s hidden treasure has only added to the mystery and allure of his story, making him a legendary figure in American gangster history.
The hunt for Dutch Schultz’s hidden treasure: Where did he hide his money?
Dutch Schultz was one of the most notorious gangsters of the 1920s and 1930s, known for his bootlegging and illegal gambling operations. He died in 1935, but the mystery surrounding his hidden treasure remains unsolved. Over the years, many have attempted to locate the money, but it has yet to be found.
- The Barber’s Basement: One theory suggests that Dutch Schultz stashed his money in a barber’s basement in Albany, New York. The barber, known as “Porky” Collins, was a close associate of Schultz’s and was rumored to have attended meetings where the gangster discussed his plans to hide his treasure.
- The Catskill Mountains: Another popular theory is that Schultz buried his money in the Catskill Mountains. Schultz owned a resort in Phoenicia, New York, and was known to have spent a lot of time in the area. Some believe he buried his money on the resort’s property or in a nearby cave.
- The Adirondack Mountains: Several stories exist of Schultz burying his treasure in the Adirondack Mountains. One tale suggests that he hid his fortune in a cave near Tupper Lake, while another theory claims that he buried the money in a deserted mine shaft.
Despite these theories, no one has been able to definitively locate Dutch Schultz’s hidden fortune. In fact, many believe that the money was either forfeited to the government or was simply spent by Schultz before his death.
However, the stories and legends surrounding the hunt for Dutch Schultz’s treasure continue to fascinate and capture the imagination of those who seek to uncover the secrets of this infamous gangster’s life.
Perhaps one day, the true location of his hidden treasure will finally be discovered, but until then, the mystery lives on.
Famous Unsolved Crimes in History
Criminals throughout history have attempted to hide their ill-gotten gains in various ways. From buried treasure to secret bank accounts, criminals have used many tactics to keep their loot out of the hands of authorities. One of the most famous examples of this is the case of Dutch Schultz.
Dutch Schultz was an American gangster in the 1920s and 30s who made a fortune from bootlegging, gambling, and extortion. He was known for his ruthlessness and cunning, and he was feared by most due to his connections to many criminal organizations. Among his many enemies were law enforcement agencies, who were determined to bring him to justice for his many crimes.
In 1935, Dutch Schultz was indicted for income tax evasion. He knew that if he was found guilty, he would likely face a long prison sentence. Therefore, he decided to take matters into his own hands. He instructed his associates to bury his money in several secret locations that only he knew about. His plan was to hide his money until he served his time in prison and could retrieve it.
- Unfortunately for him, Dutch Schultz never got the chance to retrieve his money. On October 23, 1935, he was gunned down in a Newark, New Jersey restaurant. He died several hours later in a hospital, without ever revealing the location of his hidden treasure.
- Over the years, many have tried to locate Dutch Schultz’s buried treasure, but to no avail. It is estimated that he hid millions of dollars, but no one knows for sure.
- Dutch Schultz’s story is just one example of the many unsolved crimes in history. From the mysterious disappearance of Amelia Earhart to the unsolved murder of the Black Dahlia, these cases continue to intrigue and mystify people to this day.
The mysterious location of Dutch Schultz’s money
Despite extensive efforts to locate it, the whereabouts of Dutch Schultz’s hidden treasure remains a mystery. It is believed that he buried it in the Catskill Mountains, but the exact location remains unknown. Some have suggested that he also hid money in other locations, such as New Jersey or upstate New York.
One theory is that Dutch Schultz used mathematical codes to encode the location of his buried treasure. He was known to be interested in mathematics and cryptography, so it is possible that he used these skills to create a code that only he could decipher. Over the years, many have tried to crack Schultz’s codes, but none have been successful so far.
| Location | Description |
|---|---|
| Catskill Mountains | Believed to be the primary location of Dutch Schultz’s hidden treasure |
| New Jersey | Some believe that Dutch Schultz may have hidden money in the state where he was killed |
| Upstate New York | Another possible location for Schultz’s hidden treasure |
Despite the efforts of many over the years, Dutch Schultz’s hidden treasure remains a mystery. Perhaps one day someone will crack his codes and find the treasure, but until then, it remains lost to the ages.
FAQs: Where Did Dutch Schultz Hide His Money?
1. Was Dutch Schultz a notorious criminal?
Yes, he was a notorious bootlegger and racketeer during the prohibition era in the United States.
2. How much money did Dutch Schultz have?
It is estimated that he had millions of dollars, mostly from his illegal activities.
3. Did Dutch Schultz hide his money when he was alive?
Yes, he did. He was paranoid and feared that he would be robbed or killed, so he hid his money in various places.
4. Where did Dutch Schultz hide his money?
There are many theories about where he hid his money, including in the Catskill Mountains, in upstate New York, and in various safe deposit boxes.
5. Has anyone found Dutch Schultz’s hidden money?
No, his hidden fortune has never been found, despite many attempts by treasure hunters.
6. Is it legal to search for Dutch Schultz’s hidden money?
Yes, it is legal to look for his hidden money, but it is highly unlikely that anyone will ever find it.
Closing Title: Where Did Dutch Schultz Hide His Money?
Thank you for reading our article on where Dutch Schultz hid his money. Though many have tried to find his fortune, it remains a mystery to this day. If you’re interested in true crime stories, be sure to check back for more articles in the future.