Ten reputed Bonanno crime family members and associates were busted for an alleged loan sharking operation on Tuesday following the March 22 indictment of John J. Gotti, grandson of the “Teflon Don” and Vincent Asaro.
One of the men picked up by authorities, Ronald Giallanzo, 46, is an acting capo, according to the federal prosecutors,and the nephew of longtime reputed mobster, Asaro, suspected mastermind behind the 1978 Lufthansa heist at Kennedy Airport, made famous in the movie "Goodfellas."
Giallanzo was arrested with nine others:
- MICHAEL PADAVONA, Age: 48, Queens, NY
- MICHAEL PALMACCIO, Age: 45, Queens, NY
- NICHOLAS FESTA, Age: 36, Oceanside, NY
- CHRISTOPHER BOOTHBY, Age: 37, Queens, NY
- EVAN GREENBERG, Age: 45, Queens, NY
- RICHARD HECK, Age: 45, Queens, NY
- MICHAEL HINTZE, Age: 53, Queens, NY
- ROBERT PISANI, Age: 44, Queens, NY
- ROBERT TANICO, Age: 49, Queens, NY
Federal prosecutors say they will seek $26 million in forfeitures and they will attempt to foreclose on four homes owned by the suspects, including Giallanzo's 3,500-square foot, multi-million-dollar house on 86th Street in Howard Beach, Queens.
"Giallanzo has earned millions of dollars through his illicit activities. All the while, Giallanzo and his wife Elizabeth have reported little to the Internal Revenue Service," according to the court filing. "Indeed, based on records provided by the Social Security Administration, between 2005 and 2016, Giallanzo and his wife together reported a total of approximately $305,000 in income (approximately $25,000 per year). Notwithstanding, they were able to purchase their home for $1 million without any mortgage, and they have made significant improvements to the property."
The before and after photos of the renovation project can be seen in the photo gallery above.
The house served as a "daily visual reminder to those in his neighborhood of his wealth and power,” according to prosecutors.
A series of undercover surveillance operations and wiretaps led to the racketeering charges against the Bonanno family soldiers and associates.