Back to Leno.
Every theory has a loophole, and Leno's Gambling Debts/ Mob Hit theory is no different.
Let's explore what we know, and see where it takes us...
What we know from the Homicide Report:
"Subsequent investigation into the business dealings of Mr. LaBianca revealed he had been misappropriating money from his own company's treasury. The bookkeeping records of the Gateway Markets showed a deficit of approximately $200,000 since 1964. This deficit was discovered in June, 1969, by other family board members.
To the family's astonishment, it was learned after Mr. LaBianca's death--he owned nine thoroughbred race horses, including Kildare Lady, one of the more prominent horses.
Mr. LaBianca was a chronic gambler, particularly a horse better. It would not be uncommon for him to wager $500 a day. Every racing day he frequented the various racetracks and it is not known at this time if he used the services of a bookmaker.
Even though the LaBianca's lived expensively, their properties were extensively mortgaged and had personal loans totaling $30,000.
The only connection between the LaBianca's and the underworld is Mr. LaBianca's previous association as a member of the board of directors of the Hollywood National Bank, 6225 Hollywood Boulevard. According to LAPD and LASO Intelligence, the bank was backed by "hoodlum money. " Investigation at this time has not substantiated the connection between the underworld and the bank, although three board members were indicted and convicted of a kiting scheme".
The man was obviously a chronic gambler, averaging $500 a day at the track.
He had been "misappropriating funds" for five years from his supermarket business, to the tune of $200,000.
His properties were "extensively mortgaged"... and he had another 30k in personal debt.
He was on the board of directors at a bank... that was... according to the LAPD, "backed by hoodlum money". Let's keep in mind folks, this is 1969 money. A very nice home in my area, sold for 20K in those days. Is anyone else thinking what I'm thinking?
Basically, the theory goes, that Leno (like most gamblers), had borrowed money from places other than the bank, when things got outta hand. Most claim, it was the Italian Mob, and Frank Carbo specifically... and Carbo "contracted" the Leno "hit" to Manson... when Leno became a dead-beat for his debts.
Now for the big loophole. Why would the professional Mafia contract a "hit" with a bunch of hippies?
A complete bloodbath, with foolishness left behind... and the man's wife being killed to boot... just doesn't fit the mafia's methods. That's always the stickler with this theory.
Could it be, that Leno was borrowing money from lower forms of life towards the end?
Did he borrow money from folks less "organized"? That's the only thing I can figure.
BTW... if anyone can confirm, or expound upon the following information, that would be cool:
I was chatting with a dude on another blog, and he said...
"The Shadow over Santa Susanna: Black Magic Mind Control and the 'Manson Family' Mythos by Adam Gorightly. Page 325: "At the time of his death--it has been alleged--Leno was in debt to the tune of $30,000 to Frankie Carbo's organization.
Now, his source for that datum was Bill Nelson's Manson Behind the Scenes, a book I no longer have in my possession".