No.
MOMO is an Italian company that has made a business out of providing things like steering wheels, shifters, seats and other parts for various makers like Ferrari, Lamborghini, Maserati, sPa, DeTomaso and quite a few other Italian marques. They even supply FIA Formula 1 and WRC teams and race car builders with parts. They have been around for a very long time and because of thier association with the likes of such fine marques as Ferrari and Maserati, they are considered to be makers of fine, high quality parts.
That's where the MOMO inspiration comes from. A rich, racing hertiage reagrded the world over. Not from some silly mobster.
MOMO Italy
http://www.momo.com/index2.html