The Gambino family is one of the Five Families that dominate organized crime activities in New York City. Founded in the early 20th century, it was named after its boss, Carlo Gambino, who led the family from the 1950s until his death in 1976. The family is known for its involvement in various illegal activities, including extortion, loan sharking, and racketeering. Throughout its history, the Gambino family has had several notable leaders, including John Gotti, who gained fame in the 1980s for his flamboyant lifestyle and public persona. The family's influence has waned over the years due to law enforcement efforts and internal conflicts, but it remains a significant player in organized crime.