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The Bonannos were looking to buy him out for million.
Peters, however, became an undercover agent for the FBI.
In early 1966, Di Gregorio allegedly contacted Bill about having a peace meeting.
Bill agreed and suggested his grand-uncle's house on Troutman Street in Brooklyn as a meeting site.
Though he was not arrested for this, this was one of the closest indictments in Joe Bonanno's career.
In 1964, soon after the commission summons, Joseph was kidnapped off the streets of New York, allegedly by Magaddino's men.
Many people considered this kidnapping to be a ruse meant to protect Joseph from the Commission's wrath.
In 1963, Joseph conspired with Profaci family boss Joseph Magliocco to assassinate their three bitter rivals on the Mafia Commission: Gambino crime family boss Carlo Gambino, Lucchese crime family boss Gaetano Lucchese, and Buffalo crime family boss and cousin, Stefano Magaddino.
However, Profaci capo Joseph Colombo betrayed Joseph to the Commission, which then summoned Joseph to explain the assassination plot.