Hidden Treasures & Mythical Folklore

Where is the Dutchman’s Secret Treasure?

Dutch Schultz (born Arthur Flegenheimer) was a feared Jewish American Gangster in the nineteen twenties and thirties. It is speculated that the bootlegger and narcotics dealer had well over a hundred people killed, some of which he did himself. He would be shot on October 23, 1935 by two assassins from a rival criminal group. Schultz would die the next day but besides the mystery as to who killed him, there is an even more pressing one. What became of an alleged buried treasure of money and gold that was secretly buried by Schultz and his bodyguard “Lulu” Rosencrantz,. The treasure is rumored to have been buried in upstate New York in the town of Phoenecia Supposedly, Schultz even left a Large X inscribed on a tree near where the treasure is .

Rumors abound that the treasure is not in that town or that it may have been found. This Unsolved Mysteries page has more information about the case as well as some interesting comments. https://unsolved.com/gallery/dutch-schultz-treasure/