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$5 Million Settlement For Family Of Victim Of Hit By 'Mafia Cops'

NEW YORK (CBSNewYork/AP) -- The family of a diamond dealer killed by a pair of NYPD detectives working as mob hit men has gotten a $5 million settlement in a wrongful-death lawsuit.

Attorneys for the family of Israel Greenwald announced the settlement Thursday. The New York City Law Department confirmed the deal.

The family sued in 2006 after Louis Eppolito and Stephen Caracappa were convicted in the so-called Mafia Cops case.

Authorities accused the pair in the killings of eight people between 1986 and 1990 in exchange for cash from an organized crime family.

Greenwald was gunned down in 1986 after being pulled over by Eppolito and Caracappa. Prosecutors said the mob believed he was cooperating with the FBI.

Lucchese family underboss Anthony "Gaspipe" Casso paid Eppolito and Caracappa -- to help in eight murders, according to a New York Daily News report. They were accused of carrying out two of those killings themselves.

Eppolito and Caracappa were convicted of racketeering conspiracy, money laundering and drug charges and are both serving life sentences. A defense attorney said their convictions were ``not justice.''

(TM and © Copyright 2015 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2015 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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