Aging Mobster Acquitted In 1978 Lufthansa Heist

NEW YORK (AP) -

An aging mobster who stayed mostly in the shadows for decades by adhering to the Mafia’s strict code of silence was acquitted Thursday of charges he helped plan a legendary 1978 Lufthansa heist.

A federal jury reached the verdict at a Brooklyn racketeering trial in which it heard testimony that portrayed 80-year-old Vincent Asaro as a throwback to an era when New York’s five organized crime families comprised a secret society that committed brazen crimes and settled scores with bloodshed.

Asaro, whose father and grandfather were members of the secretive Bonanno crime family, “was born into that life and he fully embraced it,” Assistant U.S. Attorney Alicyn Cooley said in closing arguments.

The defense accused prosecutors of relying on shady paid cooperators, including Asaro’s cousin Gaspare Valenti. They argued that the witnesses had incentive to frame Asaro to escape lengthy prison terms of their own.

At trial, prosecutors described how Asaro rose through the ranks and developed an “unbreakable bond” with the more notorious James “Jimmy the Gent” Burke, the late Lucchese crime family associate who orchestrated the holdup at the Lufthansa cargo terminal at Kennedy Airport.

Taking the witness stand last month, Valenti testified that Asaro and Burke killed a suspected informant in 1969 before ordering Valenti to help bury the body.

Valenti also testified that Asaro drafted him for the Lufthansa heist, telling him, “Jimmy Burke has a big score at the airport coming up, and you’re invited to go.”

When he learned about the mountain of $100 bills and jewels taken from a Lufthansa vault, Asaro was “very happy, really euphoric.” Valenti testified.

“We thought there was going to be $2 million in cash and there was $6 million.”

Prosecutors claimed he collected at least $500,000 from the score but had a gambling problem and squandered it away at the racetrack.