10. Killing Iron Mike
Times were tough in 1932, in the depths of the Great Depression. Tony Marino, the proprietor of a rundown speakeasy in the Bronx, was in desperate need of money. So he and four acquaintances hatched a plan to murder somebody and collect the life insurance. Working with a corrupt insurance agent, they would take out life insurance policies on one of the habitual drunks frequenting Marino’s establishment. They would then get him to drink himself to death, and collect when he perished.
Their chosen victim was Michael Malloy (1873 – 1933), a homeless Irish immigrant. Malloy was an alcoholic and a longtime client of Marino’s, where he often drank on credit until he passed out. He paid when he could, and ran the tab for months when he was broke. He seemed the perfect mark. After taking out life insurance policies on Malloy, Marino extended him unlimited credit at the speakeasy. However, Michael Malloy turned out to be extremely difficult to kill – a toughness that earned him the nicknames “Iron Mike” and “Mike the Durable”.