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Kansas City mobster is imprisoned after being convicted for his role in the .
May 2 – Meyer Lansky is convicted of illegal gambling, after pleading guilty to five of the total twenty one charges, and serves three months in a New York prison. He is additionally fined $2,500 and, after his release, receives three years probation.
June 19 – , a police informant, is murdered by Genovese crime family hitman Joe Valachi.
July 16 – Shortly after his release from prison, Joe Adonis is faced with perjury charges.
October 29 – New York mobster Frank Costello is released from prison, following his arrest for contempt of court during the Kefauver Committee the previous year.
December 9 - Dominick Petrilli, sneaking into the United States shortly after being deported, is killed by rival gunman. Petrilli had brought Joe Valachi, later a government informant, into the Genovese crime family.
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