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ve heard in the past that DOn King had some connections with the mob,but cant find a lot of info bout the situation,so i took various parts from various articles...
The one-time Yuppie Don(Michael Franzese) said he decided to go to Sharpton to introduce his new business partner to King.
His involvement with Sharpton came about in 1983 when he was snagged by the FBI sting investigating mob control of boxing. Franzese says he thought he was steering a reformed South American drug dealer into the boxing business.
"It was really about the [boxing] business and getting into a deal with [promoter Don] King," Franzese recalled, of his talks with Victor Quintana, who turned out to be an undercover FBI agent.
Guy wanted to invest
Franzese said Quintana presented himself as a former cocaine dealer who wanted to go legit and invest his money in boxing "at a very high level."
Don King refused to clarify what his relationship was with Mafia Godfathers Paul Castellano and John Gotti.
Michael Franzese, testified that he was present when King told Castellano, who then ran New York City, they'd "Never lose money on any deal they had together."
There are facts also showin that King was in the illegal numbers business in Cleveland with organized crime figure Moe Dalitz and Cleveland Mob.Heres a small part from an article on sportsillustrated.cnn.com...
"These people were looking to launder illicit cash—to run their gains from gambling, thievery and the like through the spin cycle of some legitimate enterprise so they could pull them out later, clean and fresh, and declare the money as earned income. And two, boxing, of all the sports, was perhaps the most accommodating laundromat, what with its international subculture of unsavory characters who play by their own rules and its multimillion-dollar promotions ever in need of some major financing.
As I sat at my desk through the final hours that day, going through those intelligence reports, I believed that King was involved with the wiseguys."
The one-time Yuppie Don(Michael Franzese) said he decided to go to Sharpton to introduce his new business partner to King.
His involvement with Sharpton came about in 1983 when he was snagged by the FBI sting investigating mob control of boxing. Franzese says he thought he was steering a reformed South American drug dealer into the boxing business.
"It was really about the [boxing] business and getting into a deal with [promoter Don] King," Franzese recalled, of his talks with Victor Quintana, who turned out to be an undercover FBI agent.
Guy wanted to invest
Franzese said Quintana presented himself as a former cocaine dealer who wanted to go legit and invest his money in boxing "at a very high level."
Don King refused to clarify what his relationship was with Mafia Godfathers Paul Castellano and John Gotti.
Michael Franzese, testified that he was present when King told Castellano, who then ran New York City, they'd "Never lose money on any deal they had together."
There are facts also showin that King was in the illegal numbers business in Cleveland with organized crime figure Moe Dalitz and Cleveland Mob.Heres a small part from an article on sportsillustrated.cnn.com...
"These people were looking to launder illicit cash—to run their gains from gambling, thievery and the like through the spin cycle of some legitimate enterprise so they could pull them out later, clean and fresh, and declare the money as earned income. And two, boxing, of all the sports, was perhaps the most accommodating laundromat, what with its international subculture of unsavory characters who play by their own rules and its multimillion-dollar promotions ever in need of some major financing.
As I sat at my desk through the final hours that day, going through those intelligence reports, I believed that King was involved with the wiseguys."
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