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ae Chicago File 58-194 meer JFG wrmb j : oe, Pareaics ee by members of the Chicago syndicate, POTSON stated he wis (president of of 1 the corporation that owned Colosino'’s Restaurant, He retired from the business two years ago because of i111 health on the advice of his doctors, Since that time, tho restaurant has been operated by two different owmmers. He ~ Foy stated that the restaurant wos closed in July 1347 because the operator . ere ee i, at that time lost $150, 000, He did not furnish to the writer the names of OP ¢ the persons who operated the restaurant since he released hia interests. 3 2 eee ay * POTSON stated he was born in Asia Minor, Turkey in 1883and ar- er pe rived in the United States with thirty-five cents in his pocket. In the Re past he has sold peanuts and operated a pool room at 1938 Archer Avenue, =: Subsequently, he acquired an interest in the Colosino Restaurant at which ok time he became acquainted with leading members of the Chi oago ya hy st eo as ht INC (SE TAX BVASION BY POTSON le CR 1 An ged ae At the present time POTSON has a oase pending with the Internal —.. _ Revenue Department for income tax evasion. Resently Federal Judge PHILIP Laks t Ae is SULLIVAN in Chicago continued POTSON's case until January 5, 1948, becsuse ~" ! me of POTSON's physical condition. POTSON claims he has a heart condition and a e a blood clot on his right leg. He uses a cane with which to walk, POTSON . +"! readily admitted he likes to gamble; however, ho does not frequent gambling =~ establishments but prefers to gamble with friends. He also admitted play- dng poker with ABBOTT and COSTELLO of radio and movie fame, stating that he did not win $80,000 as alleged by ABBOTT and COSTELLO. He would not state. 4i* what amount he won from ABBOTT and COSTELLO but merely stated it was © "two dollar poker game” te POTSON said he was represented by attorney GEORGE pNeantanan,, ae located in the Bankers Building, Chicago, in the income tax evasion case, cal! og. Assistant U.S, Attorney EDWARD RYAN, who is handling POTSON's . wet income tax evasion case, stated that his records reflected POTSON had SMa posted a $15,000 bond on March 25, 1945 on behalf of RALPH PIERCE, giving a two cashier's checks, one in the amount of $7,000 No, 650791 dated March © adit 25, 1943, and the other in the amount of $8,000 No. 550782 dated March 25,." 2 RG 1945, both drawn om the émerican National Bank, RYAN stated hie file re~ et as flected this moncy was paid to the Marylend Casualty Company and was ae later transferred to tho Manufacturers Casualty Insurance Company of as Philadelphia, The $15,000 was*returned to POTSON on June 16, edt POTSON * on