Frankie Carbo

In a 2002 interview with The Observer, Budd Schulberg talked about Carbo and his partner Palermo and their involvement in a 1954 welterweight championship fight.

Granted early parole due to ill health, Carbo was released from prison. He died in Miami Beach, Florida, on November 9, 1976.

In 1961, Carbo and boxing promoter Frank "Blinky" Palermo were charged with conspiracy and extortion against the National Boxing Association welterweight Champion Don Jordan. After a three-month trial in which U.S. Attorney General Robert Kennedy served as prosecutor, Carbo was sentenced to 25 years in prison, serving his sentence at Alcatraz Federal Penitentiary in California, McNeil Island in Washington state and United States Penitentiary, Marion in Illinois.

By 1959, Carbo and his partner Blinky Palermo owned a majority interest in the contract of heavyweight boxer Sonny Liston, who went on to win the World Heavyweight Championship in 1962. From the start of his pro career in 1953, Liston had been "owned" by St. Louis mobster John Vitale, who continued to own a stake in the boxer. At the time Palermo and Carbo acquired their interest in Liston, the notorious Carbo was imprisoned on Rikers Island, having been convicted of the undercover management of prizefighters and unlicensed matchmaking.

Character Tommy Como (Nicholas Colasanto) in the Martin Scorsese film Raging Bull, which stars Robert DeNiro as boxer Jake LaMotta, is based on Carbo. Carbo is also the inspiration for boxing promoter Nick Benko, played by Rod Steiger in the 1956 film The Harder They Fall. In the 2016 film Hands of Stone, Carbo is portrayed by actor John Turturro.

Saxton was managed by Blinky Palermo. After losing his title to Tony DeMarco in 1955, he would regain it in a 1955 title match against welterweight champ Carmen Basilio, another fight considered to be fixed.

In the late 1950s, Carbo started running into legal troubles. First, he was convicted of managing boxers without a license and was sentenced to two years in the New York City jail on Riker's Island. Following his release in 1960, Carbo was subpoenaed to appear before a Senate investigating committee to testify on his involvement in professional boxing. Carbo took the Fifth Amendment 25 times, answering "I cannot be compelled to be a witness against myself".

During the 1940s, Carbo became a boxing promoter, working along with Ettore "Eddie" Coco, James "Jimmy Doyle" Plumeri, Frank "Blinky" Palermo, Harry "Champ" Segal and Felix Bocchicchio. The group was known as "The Combination", together they were highly successful in fixing high-profile boxing matches. Carbo eventually became known as the "Czar of Boxing".

With the passage of Prohibition, he began working as a hired gunman for several bootlegger gangs. In 1931, Carbo was charged with the murder of Philadelphia mobster Michael "Mickey" Duffy in Atlantic City, New Jersey; however, Carbo was eventually released. During the early 1930s, Carbo began working for Murder, Inc. under boss Louis "Lepke" Buchalter.

By the end of the 1930s, Carbo had been arrested 17 times and had been charged with five more murders. In 1939, Carbo allegedly participated in the murder of informant Harry "Big Greenie" Greenberg in California; he was arrested for it two years later. This time, former Murder Inc. members Abe "Kid Twist" Reles and Allie "Tick Tock" Tannenbaum agreed to testify against Carbo. However, before the trial began, Reles, who was under police protection, fell to his death from a window of the Half Moon Hotel in Coney Island. His death was ruled a suicide, and the case against Carbo was eventually dismissed. Former Philadelphia crime family boss Ralph Natale has claimed that Carbo was responsible for murdering Benjamin "Bugsy" Siegel in Beverly Hills, California, in 1947 at the behest of Meyer Lansky.

Paul John "Frankie" Carbo (born Paolo Giovanni Carbo, Italian: [ˈpaːolo dʒoˈvanni ˈkarbo]; August 10, 1904 – November 9, 1976) was an Italian-American New York City Mafia soldier in the Lucchese crime family who operated as a gunman with Murder, Inc. before transitioning into one of the most powerful promoters in professional boxing.

Carbo was born in Agrigento, Sicily, on August 10, 1904. Carbo was sent to the New York State Reformatory for juvenile delinquents at age eleven. Over the next ten years, Carbo would be in and out of prison on charges including assault and grand larceny. During this period, Carbo was arrested for the murder of a taxi driver who refused to pay protection money. Pleading not guilty, Carbo claimed self-defense. He eventually agreed to a plea bargain of manslaughter in exchange for a reduced sentence of two to four years in prison. After serving 20 months in prison, Carbo was released.