Larry Walters Apparently Never Saw A Bronx Tale; Accused Of Murdering a Guy Over 20 Bucks

If only 57-year-old Larry Walters had heeded the advice explained in the above clip from

A Bronx Tale

, 51-year-old Lonnie Raines might still be alive.

But he didn't, and now Walters is accused of murdering Raines -- over 20 bucks.

According to court records obtained by New Times, Walters was arrested in Phoenix on Wednesday for the 2008 murder of Raines.

Additionally, when he was arrested, police found about an ounce of crack cocaine on a bed in Walters' home in the 1800 block of East Pueblo Avenue in Phoenix.

On October 1, 2008, witnesses watched as Walters fatally stabbed Raines over a $20 drug debt. The witnesses, however, didn't come forward until November of 2011, after the case already had gone cold.

One witness told police last year that he and other witnesses saw Walters and Raines arguing at 4030 South 17th Street in Phoenix. At one point, the witnesses saw Walters "swing his arm at the victim" in a stabbing motion. Raines then fell to the ground as blood poured out of his body.

When Walters fled the scene, he told the witnesses that if they told anyone what happened, he would do the same thing to them.

He then jumped in his car and drove off.

As we mentioned, a witness came forward in November of last year and told police what he saw. That witness identified Walters in a photo lineup as the man he saw stab Raines.

While in custody, Walters told police he didn't even know Raines. However, when showed a photo of Raines, Walters said he knew him, but hadn't seen him in over a year.

Detectives told Walters that a witness had identified him as the person who stabbed Raines, but he continued to deny any involvement.

Then police asked him about the crack found in his house -- and that's when he ended the interview and asked for a lawyer.

Walters was booked on one count each of second-degree murder, drug possession with intent to sell, and possession of drug paraphernalia. 

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