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Bugsy Siegel — Part 23
Page 46
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6 cy
Dio +. meAlD &
parep 7/2 //7
“Actor for Loan
Of $100,000
‘The name of George Ratt, slick-
chaired portrayer of screen gang- \
ster roles, ‘cropped up again today
in the investigation of the tangled
financial affairs of Benjamin
“Bugsy” Siege}, slain ganglord.
‘Ciose on tiie feels of a disciosure]!
‘dy state investigators that Siegel
Tmay have paid a staggering
| 31,500,000 debt with his life, Dis-
trict Attorney Wiliam E. Simp-|'
; son sald he had learned that
“Bugsy” had recently approat
Raft and other Hollywood film fig-
ures for loans of $100,000 or more,
actor, however, promptly!
dented that Siegel had attempted
orrow money from him, and]!
he had jast seen the gambling]
czar March 6 at the opening of
Siegel's 3 Flamingo Hotel in Las
Vegas, Nev. q
NEEDED $1,500,000
Simpson said he had reports
that “Bugsy” had Geclared: |
“I feel Hke burying my
In the sand. My pride Is is baaly
hurt, X got my frfends and my- :
self into this Flamingo
for $4,500,000 and ite ¢ ‘riving }
me nuts.
“I need $1,500,000 and I need
| WH within 30 days.”
‘ The district attorney also said
that investigators were reatng|
in all phone calls to and from the
o between June 18 ay
lune 21 in an effort to loca’
Siegel might
h ed to from Las Vegas befol
he came to Beverly Hills
‘June_20 and met his death.
|" The theory ‘tat Siegel may
have been rubbed out because of
bad debts was based on
revelation that two of his
for # total of $150,000
"Bust before his murder.
jf. “We believe these are not the
|
jonly checks on which Siegel
stopped payment,” declared
Walter H. Lentz, chief special
investigator for ‘the atiorney
weneral’s office, “We think his
~ primary purpose coming
raise money
eover his bad checks.”
bitin iy pe also learned that
had confided to a friend
before his death:
“|
days. The bank won't lend
and my friends ha
all they can. 1 I don’
wet it, Pl bave to hide out.”
CHECKS STOPPED
‘The two checks, for $100,000 and
$50,000, were made out to the De]
E. Panes Construction Co., the
which completed Siegel's
gaudy $5,000,000 Flaminge gam-
bling casino in Las Vegas, Nev. {
| in to
E Los Angeles on the day of his |
slaying was to to
mingo on the Las Vegas office |
of the Bank of Nevada. The han. '
red grand check, dated May 6,
‘was returned marked “payment,
stopped.” The other
dated June 16, was returned f
“insufficient funds.”
Investigators declared
‘while no suspicion was attached
19 Webb, wealthy Phoenix con-
‘pany docan't have the checks,”
he sald. ST ld not receive them |
and I know acthing ‘dhost
them.”
Since the drafts were nat
jeut to Webb personally, he
inct have seen them, investiga’
pointed out,
However, & close associate
‘Webb told newsmen that the con-'
tractor’s investment was pro}
tected by liens on the Flamingo.
One of the theorles about;
{Siegel's Fubout was that the;
Tunderwort d
joney by
racing news service. Booki
ay have found it easier to
jm than to pay off.
The bad check find, a. “t
y City clearing house, whit
sk photostatic coples before
At a meeting with District At-
itorney William E. Simpson,
Sheriff Eugene Biscaiuz and
shows that Los Angeles is rated,
jan 2 “soft spot? a
on a
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