1938, 1946 Notorious mobster, Benjamin “Bugsy” Siegel, borrowed money several times from his friend, actor George Raft, according to the biography George Raft, for which author Lewis Yablonsky interviewed the subject on numerous occasions. Siegel first asked the man he’d known since childhood for a loan in roughly 1938, in the amount of $20,000 ($364,000…
1947-1952 Despite New York mobsters trying to scare her off, an ambitious woman — Elaine Townsend (née Margaret Helgeson) — held her own as a gambling operator in the late 1940s. Bright, young and gorgeous, she parlayed her chutzpah, commerce degree and drive into making gobs of money in Cuba. Big Screen Worthy Her exploits in…
1947 The United States’ Reconstruction Finance Corporation (RFC) co-financed construction of a gambling enterprise via its $975,000 loan for the Mapes hotel-casino in Reno, Nevada in 1947. Under Attack Three years later, Senators William Fulbright (D-Ark.) and Paul Douglas (D-Ill.), members of a committee investigating the RFC’s past lending practices, publicly criticized the group for…