This is the fact-based story of Gus Farace (Tony Danza), a wannabe mobster who kills an undercover federal DEA agent because he thinks he's a drug snitch. At the time the movie was filmed, it was the largest ever federal manhunt in U.S. history In order for the feds to find him, they start harassing known mob associates of Farace to the point where their mob operations are being considerably hindered. The mob is afraid that if Farace is captured, he will give out secret information regarding certain members of the crime family. Therefore, the mob "puts out a contract" on Farace to have him killed before the feds get to him - hence the name Dead (the mob wants him dead) and Alive (the feds want him alive).
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