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In 1950, as a congressional investigation into organized crime unfolded, Costello miscalculated by agreeing to testify, hoping to maintain his crafted image as a refined businessman. However, the televised hearings proved disastrous, leading to widespread public ridicule and damaging his influence. The hearings marked the beginning of the end for Costello, as his missteps drew the federal government’s ire, leading him to face charges of tax evasion and contempt of court.
The Fall of Frank Costello
As Costello floundered, Genovese seized the opportunity to eradicate his rival. In October 1951, Genovese executed one of Costello's top hitmen, a move that signaled his intent to usurp Costello's throne. With the groundwork laid, he waited for the opportune moment.