Photo by DigiArt2001 on Flickr Show World owner Richard Basciano gives his first interview in 30 years to today’s NY Daily News, defending himself against allegations that he was shaking down his business partner, Laugh Factory co-owner Jamie Masada. Basciano calls Masada’s story “distortions and lies” and says that there were no "millions to hide" as Masada accuses because the club was not making a profit. He accuses Masada of poorly managing The Laugh Factory,......

Laugh Factory owner Jamie Masada has filed suit against his Times Square business partner, Show World owner Richard Basciano, claiming that he has been shaken down by the mob-connected adult theater owner. Masada alleges to have been threatened with a gun, coerced into contracts and even says that the club was told that "somebody could be killed" if a certain comedian was booked again. The suit pits the new, cleaned-up Times Square against its seedier......