Treasure Tales and Treasure Stories About New York from the Archives of Lost Treasure Magazine
The No. 1 treasure
From State Treasure Tales
By Anthony J. Pallante
From page 30 of the December 1996 issue of Lost Treasure magazine.
Copyright ©1996, 1998 Lost Treasure, Inc.
When Popular Mechanics magazine interviewed a group of well known treasure hunters such as Charles Garrett and Milford Webster to compile a list of the top treasures from each section of the United States, Dutch Schultz' $7 million cache was listed as No. 1. In April 1933, Schultz and his bodyguard, Lulu Rosencrantz, buried an iron chest containing $7 million in $1,000 bills and Liberty Bonds and gold coins and diamonds in a pine grove along the Esopus Creek off Route 28 south of Phoenicia, N.Y. Schultz and Rosencrantz were both later gunned down by hit man Charlie Workman.
A crude map made by Rosencrantz was entrusted to the care of Marty Krompier just prior to Rosencrantz' assassination. Krompier was subsequently murdered by Jake Shapiro, who stole the map but was arrested before retrieving the cache. The map was never relocated and Shapiro was executed for his crimes without ever revealing what had become of it.
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