Basciano already was serving a life sentence for an attempted murder conviction in 2007. This time, prosecutors were seeking the death penalty for the killing of a mob associate who ran afoul of the Bonanno organized crime family.
The trial featured testimony by former Bonanno boss Joseph Massino, the highest-ranking member of a New York City Mafia family ever to testify against his own.
Jurors heard secret recordings by Massino that prosecutors said captured the 51-year-old Basciano admitting to the killing.