 Malangone was a close friend of Bonanno crime family consigliere and onetime acting boss, Anthony Spero.Despite tension between New York's two most powerful crime families, the Genoveses and Gambinos, Malangone was known to be close to the Gambino boss John Gotti and frequently visited with Gotti at his Ravenite Social Club on Mulberry Street.By the mid-to-late 1980s Malangone controlled a significant portion of the Genovese crime family's interests in the Fulton Fish Market.