John Zaffarano testified yesterday at the racketeering trial against Vincent Asaro, and took a walk on the wild side in recounting the mob's role in Times Square where his father Bonanno capo Michael Zaffarano owned the buildings housing the Pussycat Theater which showed porn flicks and the Broadway Arms which was a gay bathhouse as reported by Rob Crilly for the Daily Mail. In 1986 John Zaffarano sold for $18.5 million the buildings which he inherited from his father, and the wise guys allegedly sought a cut from the proceeds:
He had to pay Matthew 'Matty the Horse' Ianniello, a reputed Genovese crime boss, who controlled much of Times Square's sex industry. Zaffarano said Ianniello 'was looking for $1m and we got him down to $700,000' with the assistance of Asaro. Ianniello died in August 2012. Asaro received a cut of $300,000 to $400,000, he said.
Asaro is on trial for his alleged role in the 1978 Lufthansa heist at Kennedy Airport, and the 1969 murder of mob associate Paul Katz who was suspected of cooperating with law enforcement.
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