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PAGE FIVE DE FBINY JO33 UNCLAS E F T O JOE"SMASH" UNDER TEDDY PERSICO WILLIAM CUTOLO (NY 183A-3574) ON DECEMBER 2S, 1989, SOURCE ADVISED THAT WILLIAM CUTOLO .4 FINANCES SHYLOCK LOANS THROUGH SEVERAL LOANSHARKS WHO MEET HIM AT SECRETS LDUNGE AT 62-01 11TH AVE. BROOKLYN NEW YORK.THESE : LOANSHARKS MAKE LOANS TO VICTIMS FOR CUTDLO AND AFTER MAKING COLLECTION OF THE "VIG" MEET CUTOLO AT SECRETS TO RECEIVE THEIR SHARE. S3URCE ADDED THAT THOSE VICTIMS WHD OU NOT MAKE THEIR PAYMENTS ARE THREATENED OR PHYSICALLY 3EATEN. SCURCE HAS TELEPHONS. b6-2 (NY 183B-188210) b7C-2 ON JANUARY 301390SOURCE ADVISED T4AT THAT THE OPERATION WAS SET UP 8Y LOUIS TUZZIO AT THE REQUEST OF THE SOURCF SAID THAT WAS SUPPOSED TC BE DNE OF THE b6 -2 IDEA THAT HE WAS TO BE INCLUDED. AS A RESULT DF BEING b7C -2 SHOT, AND THE FACT THAT IS A GAMBIND MEMBER, CLEMENTE-1099