The Real Deal New York

1 WTC contractor charged with money laundering, fraud

Man allegedly hid ties to Bonanno crime family from company with $11M contract

April 15, 2015 12:15PM

1 World Trade Center in the Financial District

1 World Trade Center in the Financial District

A Queens man who is allegedly affiliated with the Bonanno crime family was arrested Tuesday on suspicion of channeling funds from his construction company’s $11.4 million 1 World Trade Center contract for his own use.

Vincent Vertuccio, 59, has longstanding relationships with past Bonanno bosses including  Joseph Massino, Vincent (Vinny Gorgeous) Basciano, and current boss Michael (Mikey Nose) Mancuso, according to Assistant U.S. Attorney Kristin Mace.

Vertuccio is accused of hiding these connections and taking $700,000 from the World Trade Center contract for his own use and renovations to his daughter’s home, the New York Daily News reported.

He pleaded not guilty, along with his lawyer and accountant, who were also accused of fraud in relation to Vertuccio’s company, Crimson Construction Corp. [NYDN] — Tess Hofmann