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The Underworld Podcast

The Dixie Mafia's Texas Millionaire Murders

The Underworld Podcast

The Underworld Podcast

True Crime, Documentary, History, Society & Culture

4.71K Ratings

🗓️ 12 August 2025

⏱️ 61 minutes

🧾️ Download transcript

Summary

When Bill Richardson, a troubled oilman and pro pigeon shooter, was gunned down on his Corpus Christi doorstep in 1971, everybody assumed it was an open-and-shut organized crime hit. But when Richardson’s supposed killers walked free from court, and another body showed up in the Gulf of Mexico, investigators stumbled on a conspiracy that pitted millionaire gamblers and sharpshooters against the narcos, conmen and killers of the Dixie Mafia.For decades the case fell cold. But has a reporter just busted it open again? Sean spoke to Bellingcat investigator Peter Barth to find out more. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's June 6, 1972, on Mustang Island, a barrier right across the ocean from Corpus Christi, Texas.

0:09.0

A local fisherman is standing in the surf, checking the tide, when he spots something out of place.

0:15.0

Driftwood? Parts of a sunken ship? The objects move closer, then the fisherman realizes. It's a man, dead,

0:24.4

wrapped in chains with his hands tied behind his back and a block of cement around his neck.

0:29.9

Cops quickly identify the corpse as Randy Farenthold, a 32-year-old millionaire and playboy from

0:35.5

Corpus Christi that the magazine Texas Monthly

0:37.9

euphemistically describes as a quote sportsman a gangland slain clear as a south Texas morning

0:46.2

Farenhold had been scheduled to testify at a federal trial against four men accused of swindling him

0:52.2

out of a hundred thousand dollars not a small amount of cash in the early 70s.

0:58.8

The scheme had involved the purchase of treasury notes that the men claimed were owned by the

1:03.3

mafia. Randy, a keen gambler, went for it, agreeing to buy the mafia skin money at a knockdown

1:10.2

price. His transaction with the

1:12.6

four men was set to take place in the Houston motel room, but just as it began, the group was

1:17.7

held up and robbed by a man brandishing a shotgun. Randy had decided the man was a plan

1:23.6

that he'd been set up, and he ratted to the cops. Big no-no. In the early hours of June 4th,

1:31.4

somebody beat and strangled poor Randy to death, wrapped him up and tossed him in the corpus

1:36.2

Christie Bay. Without his testimony, the case against the four men falls apart. Two of the guys who were

1:43.1

indicted though are involved in scams against

1:45.8

other wealthy locals, themselves part of a high-stakes pigeon shooting and gambling ring alongside

1:51.4

a man named William Bill Asher Richardson Jr., a decorated former Marine and oilman who'd been

1:58.3

gunned down on his doorstep almost a year previous.

2:01.6

Suspects had gotten off that killing at trial, controversially,

...

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