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Prosecutors say loan shark victims obtained home equity loans to pay off debts to their mob bankers.

Finding new ways to make money in the 21st century, the family took advantage of lax due diligence by banks during the housing bubble with a wave of mortgage frauds. The Genovese family is the oldest and the largest of the 'Five Families'. Originally in control of the waterfront on the West Side of Manhattan as well as the docks and the Fulton Fish Market on the East River waterfront, the family was run for years by 'The Oddfather', Vincent 'The Chin' Gigante, who feigned insanity by shuffling unshaven through New York's Greenwich Village wearing a tattered bath robe and muttering to himself incoherently to avoid prosecution. The current 'family' was founded by Charles 'Lucky' Luciano and was known as the Luciano crime family from 1931 to 1957, when it was renamed after boss Vito Genovese. They have generally maintained a varying degree of influence over many of the smaller mob families outside New York, including ties with the Philadelphia, Patriarca, and Buffalo crime families. The Genovese crime family ( pronounced ), also sometimes referred to as the Westside, is an Italian-American Mafia crime family and one of the ' Five Families' that dominate organized crime activities in New York City and New Jersey as part of the American Mafia. Various gangs in New York City, including their allies Racketeering, murder, labor union infiltration, extortion, illegal gambling, drug trafficking, guns trafficking, loansharking, bookmaking, truck hijacking, fraud, prostitution, pornography, bribery, and assault

Italians as ' made men' and other ethnicities as associatesĢ50–300 made members and 1,000+ associates (2004) Primarily New York City, with additional territory in Upstate New York, New Jersey, Massachusetts, Connecticut, South Florida, Las Vegas, and Los Angeles.

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