The Genovese family has generally maintained a varying degree of influence over many of the smaller mob families outside New York, including ties with the Philadelphia , Cleveland , Patriarca , and Buffalo crime families. The modern family was founded by Charles "Lucky" Luciano and was known as the Luciano crime family from to , when Vito Genovese became boss. Genovese was head of the family during the McClellan hearings in , which gave the Five Families their current names.
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 between and 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 Genovese family is the oldest and the largest of the "Five Families". 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.
Prosecutors say loan shark victims obtained home equity loans to pay off debts to their mob bankers. The family found ways to use new technology to improve on illegal gambling , with customers placing bets through offshore sites via the Internet.
Although the leadership of the Genovese family seemed to have been in limbo after the death of Gigante in , sources believe that Liborio "Barney" Bellomo is the current boss of the organization.
