July 1 - Gambino crime family captain and acting boss Paul Castellano and 8 associates were charged with "forming an enterprise that was designed to operate by collecting debts that had resulted from usurious loans." A directed acquittal was ordered on November 16, 1976, following the refusal of the principal witness to testify in the trial.
September 7 - Carmine Consalvo, a member of the Gambino crime family and a large scale cocaine dealer, is thrown out of a window and killed for not stopping his drug operations and not sharing the profits. His brother Frank Consalvo, who would attempt to avenge his brother's death, would be thrown off his penthouse apartment balconey was killed by Gambino members later that year. Authorities dubbed it "The Murder Of The Flying Consalvos".