It is believed that Dutch Schultz, the infamous gangster, may have hidden a considerable sum of money in Upstate New York.
According to Dutch’s Spirits, the site of New York’s original bootlegging distillery in Pine Plains welcomed Dutch’s Spirits in September 2020, as they opened their doors on Harvest Homestead Farm.
The property was initially “organized” in 1932, toward the end of Prohibition, to run a bootlegging business with funding from the well-known mobster Dutch Schultz, according to Dutch’s Spirits Facebook page. Today, almost 90 years later, Dutch’s Spirits is restoring the distillery infrastructure and transforming the land into a top-notch distillery, tasting room, and event space.
Dutch’s Spirits reports that a colossal subterranean concrete bunker, housing two 2,000-gallon stills, 10,000 pounds of sugar, and 1,000 gallons of Sugar Wash Moonshine, was discovered by federal agents on October 10, 1932, at Pine Plains farm.
According to reports, the farm boasts an intricate network of tunnels that has earned it the distinction of being one of the most comprehensive and sophisticated layouts ever discovered.
There is a belief that Shultz may have concealed a treasure trove near Phoenicia in Ulster County. The treasure is thought to include gold coins, jewelry, paper money, and bonds, possibly stored in a box, waterproof safe, or suitcase.
According to Reader’s Digest, the safe has been buried in an undisclosed location in upstate New York and has remained there since.
According to Readers Digest, Dutch Schultz, a notorious gangster, left behind a puzzling mystery about a hidden treasure that might be located in the Catskill Mountains of New York. Schultz was being investigated for tax evasion and was afraid of getting caught by the law. To secure his fortune, he had a unique safe built that was both waterproof and airtight. He stowed away a whopping $7 million in cash and bonds inside the safe, which would be worth over $130 million in today’s currency.
In 1935, Schultz met his untimely death in Newark, New Jersey, shortly after his return from Phoenicia, New York.
According to John Conway, author of “Dutch Schultz and his Lost Catskills’ Treasure,” the location of the $130 million treasure may have been hinted at in the gangster’s last words.
According to Conway, Schultz warned the police to not let Satan lure them too quickly, as recorded by a police stenographer.
According to Conway, Schultz was specifically referring to his concealed treasure in Phoenicia due to the town’s numerous landmarks that pay homage to the devil
Conway stated that there are other speculated burial locations in Yonkers, New York, and Lake George.
According to the Times Union, the legend and story surrounding the treasure are shrouded in mystery. As per Conway, there are numerous versions of the tale, and it’s the very reason why it captivates people. They are intrigued to discover the accurate version and then challenged to locate the treasure.