Mike Potson: The Greek Silent Partner of Organized Crime in the United States
Mike Potson:
The Silent Partner of Organized Crime in the United States
by Steve Frangos
Published in The National Herald, January 12, 2019
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I am excited that The National Herald has given Hellenic Genealogy Geek the right to reprint articles that may be of interest to our group.
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All that we really know about
the Greek immigrant, whose
name eventually became Mike
Potson, was that he was an extremely active criminal. Published accounts from 1917 to his
death in 1955 vary considerably
on the full extent and exact natures of his daily crimes.
Curiously while none of the
journalists or historians who
write about crime in the United
States deny Potson's dedicated
“work ethic,” few have taken the
trouble to incorporate more than
one or two of his most publicized
offenses against society. For over
fifty years Potson was a very hard
working pimp, gambler (including being an operator of numerous illicit gambling halls and
serving as an intermediator for
race track bets), bootlegger,
speakeasy operator, a systematic
briber of political figures and police officials, front man for the
Chicago mob and an extremely
inventive and dedicated income
tax cheat.
Potson became the topic of
front page headline news across
the nation at various times during his long career. I cannot hope
but offer one or two of his most
notable moments on the national
stage. With that being said it
must be emphasized that whatever I might cite here is but a
fraction of this man's total life of
crime.
Potson's life began much as it
did for other Greek-immigrants
of his generation. On October 1,
1883, Mihali Bodoglou, an ethnic Greek, was born in Asia Minor. In 1900, Bodoglou emigrated from Greece to the United
States spending time first in New
York, then St. Louis and reaching
Chicago by 1904. From the moment of his arrival in Chicago
Bodoglou was living within the
vice district of the city, initially
selling pistachio nuts to fruit
stores and other establishments.
For reasons undoubtedly
stemming from his daily crimes
over his criminal career he was
known by a variety of names.
Aside from Michael Bodoglou,
this man was known, at various
times and by any number of individuals as Michael Jordan,
Michael Potson and Mike Potson.
The man we will call here Mike
Potson was even known among
his fellow gamblers as Nick the
Greek.
Two of Potson's most publicized involvements revolved
around Big Jim Colosimo,
Chicago’s first recognized crime
boss and his special gambling
sessions with Hollywood stars
Bud Abbott (1897-1974) and
Lou Costello (1906-1959).
By all accounts Vincenzo
Colosimo (1878-1920) was
Chicago’s first mafia crime boss.
Colosimo emigrated from Calabria, Italy in 1895. Colosimo
moved quickly to Chicago and
gradually built a criminal empire
based on white slavery, prostitution, gambling, and racketeering.
He gained power through petty
crime and by heading a chain of
brothels. From about 1902 until
his murder on May 12,1920,
Colosimo led a gang that became
known after his death as the
Chicago Outfit. For his refusal to
sell liquor when Prohibition began Colosimo was gunned down
at 2126-28 South Wabash in the
doorway of the restaurant that
bore his name. Make no mistake,
this restaurant featured elaborate stage acts, notable performers of the day, and was the recognized capital of Chicago’s
seamy night life.
Johnny ‘The Fox’ Torrio
(1882-1957) was an enforcer
Colosimo had imported in 1909
from New York and who seized
control after his death. Al
Capone (1899-1947), a protege
of Torrio’s, was allegedly directly
involved in the murder. While
various individuals were cited as
Colosimo’s business partners,
Mike Potson is always credited
with owning the building in
which the restaurant (and prostitution operation) was found.
Accounts vary, some alluding to
Potson having bought into the
restaurant in 1919. Another
source asserts that a deed was
found in Poston's safety deposit
box showing he had bought the
property at 2126 S. Wabash from
Colosimo for a sum of $412,000
in 1918.
Potson later claimed to have
purchased the restaurant, after
Colosimo’s death, from the surviving family. From Colosimo’s
death until the 1940s Potson
owned and operated this establishment. Without drawing too
fine a line on this point, Potson
was always recognized as being
a superb judge of talent and
equally fine manager of the
restaurant's daily operations. Additionally Potson always later
claimed he had made a killing
selling gin shots at $1 a pop and
gambling after hours in
Colosimo's. Whatever the case
may have been, from this moment forward Potson was widely
credited as a recognized Chicago
Outfit gambling boss.
It is his role as a gambler that
ultimately proved to be Potson’s
downfall. Big or small, Potson
was drawn to nearly all forms of
gambling like a moth to an open
flame. In the end Potson was
brought to justice by the same
means Al Capone fell, taxes. The
only difference is how, in Polson’s
case, this first became known to
law enforcement.
Potson, much like other big
named gamblers then as now,
found himself playing with rich
celebrities. In Potson’s case it
was the famous comedy team of
Abbott and Costello. Internationally famous in their day, Bud Abbott and Lou Costello were and
remain one of the greatest American comedy teams of all time.
‘A contract with Universal
turned the duo into wealthy men
in the 1940s as their movies
struck pay-dirt in a huge way.
By 1942 they were officially
number one at the box-office. As
a publicity stunt they insured
themselves with Lloyd’s of London for $100,000 in case someone died from laughter during
one of their films. As rich as they
were, however, Costello always
felt that Universal was cheating
them out of profits from their
pictures. And he was right. For
several years the company had
been lifting 8 mm clips from
their pictures and selling them
to the burgeoning home-movie
market, without telling either
man about it. They sued the studio and won a tidy out-of-court
settlement.
Today, we watch their movies
and are struck by their childish
style, especially from Costello,
yet from 1941 until 1952 these
two guys were pretty much cemented into the Top 10 Box-Office attractions in America. They
made 36 films together and the
public adored them (filmstarfacts.com).’ Anything these two
performers became involved in,
such as the gambling charges,
was immediately national and
even international news.
With all their new status and
wealth came womanizing and
gambling. Once the huge
amounts of money lost by the
comedy duo to gamblers was
learned of, government officials
began tracking which gamblers
had been the winners and if they
had reported their winnings to
the government. Potson never
bothered with keeping an exact
accounting of these or any other
of his gambling winnings.
Government investigations
discovered Potson never reported any accurate figures on
his taxes from anything he
owned, operated or received. As
it turned out, Potson was careful
to keep his ownership of property completely separate from
his wife’s. Etta Potson did file
her taxes fully and properly and
so was never charged with any
crime.
After a long and heavily publicized series of court cases Potson was found evading
$166,000 in income taxes
(which was a much disputed final figure) and given a lengthy
prison sentence of which he only
served just under two years due
to failing health (Chicago Tribune October 10, 1950). Potson
died in Piraeus Greece in late
September 1955 (New York
Times October 4, 1955).
The roster of Greeks in league
with the Chicago Outfit has yet
to be fully compiled and documented. From Gus Alex to the
Capone Bible we hear much
about how Greek-Americans, in
Chicago as well as across the
United States, have been and remain the silent partners of the
Italian mafia. But what exactly
is the documented historical evidence? Without question, a select number of Greek immigrants
have since the 1870s been involved in all manner of crimes.
But how many and who exactly
were these individuals? Hollywood and television has and continues to romanticize the lives
and actions of ordinary criminals. Without documented facts
we remain victims of slander
from all manner of profiteers.
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