THE KNICKERBOCKER PRESS, Albany, June 6, 1931

* Al 'Scarface' Capone
* Income tax evasion indictment
* 1st report - the beginning of the end

Near the bottom of the front page is a two column heading: "Capone Posts $50,000 Bail In Tax Frauds and Smiles" with subhead. (see images)
Complete in 16 pages, a few small binding slits along the spine, nice condition.

Background: On June 5, 1931, notorious Chicago gangster Al Capone was indicted by a federal grand jury on 22 counts of income tax evasion for the years 1925 through 1929, accusing him of willfully attempting to evade taxes totaling $215,000 on over $1 million in income. Despite his involvement in violent crimes, including the St. Valentine’s Day Massacre, authorities lacked sufficient evidence to prosecute him for those offenses, so investigators Frank J. Wilson and George E.Q. Johnson focused on Capone’s extravagant lifestyle, which far exceeded his reported earnings. His trial, which began on October 6, 1931, featured testimony detailing lavish expenditures such as $6,500 on poker party meat, $8,000 in diamond belt buckles, and substantial gambling losses, all used to prove his unreported income. On October 17, Capone was convicted on five counts, sentenced to 11 years in federal prison, fined $50,000, ordered to pay $7,692 in court costs, and required to settle $215,000 in back taxes with interest, effectively ending his dominance in Chicago’s criminal underworld and establishing a landmark case in the use of financial evidence to prosecute high-profile criminals.