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Bloody Denial. Newsboy, now 52, was a loner who never took on a partner, never played with the big-time syndicate hoods, their molls or their tailors. He never married, lived with his two sisters in a decrepit three-story house in his old neighborhood. He neither drank nor smoked, and attended church regularly...

Author: /time Magazine | Title: Crime: Moriarty's Millions | 7/13/1962 | See Source »

...avoided nightclubs and expensive living, usually shuffled around Jersey City's streets unshaven and dressed in shabby clothes. Says a cop who knew him: "If you saw him on the street, you'd give him a quarter out of charity." Despite this, police estimated that Newsboy operated a $10 million-a-year policy racket...

Author: /time Magazine | Title: Crime: Moriarty's Millions | 7/13/1962 | See Source »

...Newsboy was so penurious that he would dun a debtor for a few pennies, but his attachment to cash frequently led to his losing it. The cops sometimes found money in the secondhand cars that Newsboy kept stashed around the city-and invariably Newsboy had to disclaim ownership of the money to avoid explaining where it came from. Once he turned up at a hospital bleeding from stab wounds, and the police discovered $3,000 in his car. Said Newsboy: "I never saw it before." Again, he was picked up on the street near an auto that yielded...

Author: /time Magazine | Title: Crime: Moriarty's Millions | 7/13/1962 | See Source »

...Trunk. Newsboy's current address is the State Prison at Trenton, where he is serving a two-to-three-year sentence on a gambling conviction (his third). Last week, despite the prison bars, Newsboy's money losing continued. This time a fortune was at stake. Walking into Newsboy's cell, the county prosecutor announced: "You've just lost $2½ million.'' Back in Jersey City, two carpenters working on an ancient garage had pried open the trunk of an abandoned 1947 Plymouth sedan. Inside they found a cache of several guns and a small...

Author: /time Magazine | Title: Crime: Moriarty's Millions | 7/13/1962 | See Source »

While trying to weave their way through this puzzle, the police, still intrigued with Moriarty's peculiar banking habits, began searching for more loot. Sure enough, in a garage not far from the original site, they found two paper sacks containing $168,675, also presumed to belong to Newsboy. This brought the total haul to $2,590,255. The discovery in turn sent swarms of children, old ladies and other assorted adventurers on a wild treasure hunt in Jersey City garages. Those citizens have to wait their turn, however. The state was interested in taking...

Author: /time Magazine | Title: Crime: Moriarty's Millions | 7/13/1962 | See Source »

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