 In 1960, the Senate Subcommittee on Antitrust and Monopoly chaired by Senator Estes Kefauver held hearings into organized crime and professional boxing.It was revealed that the IBC had ties to Mafioso Frankie Carbo, a soldier in New York's Lucchese Family who had been a gunman with Murder, Inc. At the time of the hearings, Carbo was imprisoned on Riker's Island, having been convicted of the undercover management of prizefighters and unlicensed matchmaking.The hearings revealed that Carbo's wife was employed by the IBC at a salary of $45,000 a year.