New York (CNN)A federal jury in New York found alleged former Bonanno crime family captain Vincent Asaro not guilty Thursday of one count of racketeering conspiracy and two extortion-related counts. Asaro, 80, was accused in connection with the famed 1978 Lufthansa heist at JFK International Airport that helped inspire part of the plot in the 1990 film "Goodfellas." After the verdict was announced, he broke out in a big smile, pumped his fists and gave one of his attorneys a huge hug. The prosecution's case relied on recordings provided by Asaro's cousin, Gaspare Valenti. The mobsters involved in the Lufthansa heist were themselves surprised by the size of the take: about $5 million in cash and nearly $1 million in jewels from an airline cargo building. It was "the largest bank robbery in New York history," according to a 2014 release from the U.S. Justice Department.