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Where the legendary treasure of Dutch Schultz buried in ?

Cash, coins and jewelry

Cash, coins and jewelry

Dutch Schultz was an infamous crime boss in New York’s underworld.  While on his deathbed in 1935, Schultz rambled incoherently about a $7 million dollar fortune he had buried in upstate New York.  Today, Dutch Schultz’s treasure is said to be worth more than $50 million dollars.

It all started when Prohibition was passed in 1919.  Gangsters like “Lucky” Luciano, Al Capone, and Dutch Schultz made millions illegally manufacturing and distributing bootleg liquor.

Dutch Schultz was something of a criminal prodigy.  Born Arthur Flegenheimer, in 1902, he was already a force to be reckoned with by the time he was 25.

Jack French was a Special Agent for the FBI:

“Dutch Schultz was a very successful and widespread bootlegger, owned a string of speakeasies and then quickly branched out into narcotics, the numbers racket and the protection racket.  Schultz was an extremely dangerous gangster.  He was reported to have had 136 people killed and that’s over a criminal career of less than ten years.”

At the end of the roaring 1920s, Dutch Schultz’s criminal empire was making more than $20 million dollars a year.  But like Al Capone before him, Schultz was highly vulnerable to the newly enacted federal income tax law.  When he was indicted by a Grand Jury for income tax evasion, Schultz immediately took steps to protect his money.

Thomas Terry is an author of several books on buried treasure:

“At the time, Dutch Schultz was facing a long prison sentence and he decided that he needed a nest egg to fall back on in case he was sent to prison.  So he had his top lieutenants clean out his safety deposit boxes and gather together whatever cash they could from his available bank accounts.”

At a hideaway in Connecticut, Dutch and his henchmen, including “Lulu” Rosencrantz, and a man named Marty Krompier, rendezvoused.  They packed bundles of thousand dollar bills, negotiable Liberty Bonds, gold coins, diamonds, and other gems into a steel plated strongbox.  Dutch Schultz had the only key.

Is the treasure buried in upstate New York?

Is the treasure buried in upstate New York?

That night, Dutch and “Lulu” traveled to Phoenicia, New York, a town Dutch knew from his bootlegging days. Dutch swore “Lulu” to secrecy and then supposedly marked the site by carving an “X” into the trunk of a nearby tree.  But “Lulu” couldn’t keep his mouth shut.  He told his friend Marty Krompier where the treasure was buried. Some say “Lulu” even drew a map for Marty.

Rumors of the secret treasure filtered through New York.  But Dutch had other problems.  Manhattan D.A. Thomas E. Dewey was determined to further his political career by destroying Dutch Schultz and his illegal empire.

With the pressure building, Schultz finally surrendered to authorities in Albany, New York.  His first trial ended with a hung jury.  At his second trial, he was acquitted of all charges for “lack of evidence”.  Some suspected jury tampering.

After the acquittal, Dutch Schultz moved his headquarters to a tavern he owned in Newark, New Jersey, called The Palace Chop House.  Determined to regain control of his empire, Schultz went on a bloody killing spree.  According to former FBI Special Agent Jack French, that angered the powerful New York Crime Syndicate:

“The syndicate was a confederation of… New York City mobsters who controlled virtually all the crime in the Manhattan area.  And they were very afraid that he was bringing additional heat upon them with these killings.”

The Syndicate took measures to turn down the heat. On the night of October 23, 1935, Schultz headed for the men’s room of The Palace Chop House.  There he was met by two Syndicate hitmen, who proceeded to open fire on Dutch and his henchman.

Dutch Schultz died at 8:35 pm on October 24, 1935, almost 22 hours after he had been shot.   He was just 33 years old.  His bodyguard, “Lulu” Rosencrantz, had died hours earlier.  That left only one man who knew where the treasure was buried … Marty Krompier.  But according to Thomas Terry, Krompier never recovered Dutch’s treasure:

“On the night of the Chop House murders two henchmen caught up with Marty at a barber shop in New York City, gunned him down and took the map.  Krompier survived the attack but he was never able to locate the treasure without the map… I personally believe the treasure of Dutch Schultz was buried and there’s a good possibility that it still exists today.”

Perhaps Dutch Schultz’s treasure is still buried somewhere in upstate New York.  If so, someone who finds a tree with an “X” carved in it just might hit the jackpot.