One of the biggest moneymakers for the Mafia families has been through loansharking, and in February 1965 the FBI's New York Field Office prepared an 87-page report for Director J. Edgar Hoover on so-called shylocking which details the racket and identifies its players:
The following is list of prominent shylocks in the Greater New York area. The list is by no means complete, inasmuch as virtually every member of "La Cosa Nostra" at one time or another engages in shylocking. However, it is felt that those listed below should be considered the most prominent.
Each day Friends of Ours is republishing two entries from this list.
John Rizzo, also known as Giovanni Guiseppe Rizzo (true name), John A. Rizzo, John Anthony Rizzo
Rizzo, who has no criminal record, was born on April 27, 1919. He resides at 8070 Narrows Avenue, Brooklyn, New York, and is a close associate of known hoodlums Peter Ferrara, James Failla, Aniello Dellacroce, Joseph Gambino and others.
Rizzo is an active shylock in the Brooklyn and Lower Manhattan areas of New York and was identified in January, 1963, by Confidential Source 4 as a member of the Carlo Gambino "family" of "Cosa Nostra" in the "regime" of Peter Ferrara.
Ugo Rossi, also known as Hugo Rossi
Rossi, who has FBI Number 346645B, was born on December 10, 1901, Palermo, Sicily, Italy. He resides at 128 St. Marks Place, New York, New York, and has an extensive criminal record dating back to 1953 for conspiracy to violate the Federal Narcotics laws. The Immigration and Naturalization Service, New York City, is currently conducting hearings in an effort to deport Rossi. He associates with known hoodlums, including Carmine Lombardozzi, Joseph Gambino, [redacted], John Ormento and others.
In January, 1963, Confidential Source 4 identified Rossi as a member of the Carlo Gambino "family" of "La Cosa Nostra." He was also identified as a member of the Gambino "family" by Joseph Valachi in November, 1962. He is an active shylock in the Carmine Lombardozzi group in the Lower Manhattan section of New York and is also actively engaged in narcotics traffic.