Did You Know About the Hidden Treasure in the Catskills?

The Catskills do have some hidden gems to find like restaurants and things to do but have you ever gone looking for the actual treasure worth about $150 million today?

What is it about a treasure hunt that gets everyone excited? I mean, sure, the riches you find at the end, but there’s something more. It’s the same reason people are fascinated by the Alcatraz escapees or what happens at the Bermuda Triangle, there’s no riches at the end of that search but the journey for knowledge is still interesting.

Well, if you’re more interested in the actual riches-type of treasure, you need to check out the Catskills Only In Your State says that the town of Phoenicia may have $150 million hiding in its hills somewhere.

It all starts with Dutch Schultz, a gangster in the 1920s during the Prohibition era (I feel like they all start with a gangster in the 1920s). According to Wikipedia, “Schultz made his fortune in organized crime-related activities, including bootlegging and the numbers racket.” Also, “Shortly before his death, fearing that he would be incarcerated as a result of Dewey’s efforts, Schultz commissioned the construction of a special airtight and waterproof safe into which he placed $7 million in cash and bonds(equivalent to $149,000,000 in 2022). Schultz and Rosenkrantz then drove the safe to an undisclosed location somewhere in upstate New York and buried it. At the time of his death, the safe was still interred; as no evidence existed to indicate that either Schultz or Rosenkrantz had ever revealed the location of the safe to anyone, the exact place where the safe was buried died with them.”

Before he died, Schultz said “Don’t let Satan draw you too fast” and many have read into that as a hint to the location of his treasure, noting Phoenicia’s Devil’s Face and Devil’s Tombstone. Many have looked but no one has yet to find the treasure.