THE MAGADDINO FILES

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Stefano Magaddino — FBI Section 1

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OCR transcription — Page 194

FEDERAL BUREAU OF INVESTIGATION — REPORT Reporting Office: BUFFALO Office of Origin: BUFFALO Date: 8/28/58 Investigative Period: 7/21, 24, 25, 28, 29, 31; 8/1, 2, 4–6, 8, 10, 11, 14, 18, 20–22/58 TITLE OF CASE: STEVE MAGADDINO, was. CHARACTER OF CASE: ANTI-RACKETEERING Report made by: [REDACTED] Typed by: JEW SYNOPSIS Subject continues to reside on Danna Drive, Town of Lewiston, N.Y. He apparently has no source of income at the present time. The Power City Distributing Company, which company the subject was president of until recently, filed petition of bankruptcy on 7/22/58, listing total assets of $18,274.14 and total debts of $49,082.19. Auction sale of assets of Power City Distributing Company scheduled for 9/4/58. Power City Distributing Company forfeited its $2,500 State Liquor Authority bond and at State Liquor Authority hearing officers of corporation did not take stand to testify to 18 SLA charges against corporation. Subject reported to be spending considerable time in Niagara Falls, N.Y. No additional information developed regarding irregular activities on part of subject, either in Niagara Falls or Buffalo, N.Y. SUBJECT SHOULD BE CONSIDERED ARMED AND DANGEROUS DUE TO FACT HE HAS PERMIT TO CARRY GUN. Distribution: 2 — Bureau (92-2924); 2 — Buffalo (92-61). [Subject's alleged activities are presented as FBI reporting, not established facts.]

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