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With the death of Masseria and Maranzano, ___ became the most important Italian OC figure in New York.

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Final answer:

After the elimination of Masseria and Maranzano, Lucky Luciano became the preeminent Italian organized crime figure in New York, known for modernizing the mafia and establishing The Commission.

Step-by-step explanation:

With the death of Masseria and Maranzano, Lucky Luciano became the most important Italian organized crime (OC) figure in New York. Luciano was a visionary mobster who revolutionized the structure of the mafia in America by organizing the Five Families of New York and creating The Commission, which served as a governing body for organized crime activities. His rise to power marked a significant shift in the underworld, transitioning from the old-world 'Mustache Petes' to the modernized, Americanized mafia system.