Saturday, June 06, 2009

Late Mob Godfather's Daughter Cuts Deal With NY Feds To Save Long Island Mansion From Foreclosure

In Old Westbury, Long Island, the New York Post reports:
  • Mob princess Victoria Gotti is staying in her castle -- she's cut a tentative deal with Feds that will allow her to save her Long Island estate from foreclosure. Gotti had maintained she needed money owed to her by her ex-husband, Carmine Agnello from their divorce to make payments on the Old Westbury mansion. But Agnello needs cash to pay off a $10 million penalty he was hit with after pleading guilty in 2001 to racketeering. He'd hoped to use money from the sale of up to a dozen properties to make good on the debt.

  • [This week], Gotti cut a deal to get a portion of the properties. Last month an appeals court allowed lender JPMorgan Chase to foreclose on the Old Westbury home. Gotti claimed that Agnello secretly took out the mortgage on the mansion by falsely claiming she had given him power of attorney.

Source: DEAL SAVES GOTTI HOME.

See also, New York Daily News: Victoria Gotti cuts deal, saves Long Island mansion from foreclosure.