JP Morgan Chase Forecloses on Victoria Gotti’s Home

By | May 12, 2009

JP Morgan Chase Forecloses on Victoria Gottis Home

Here’s the reality: the Gotti’s gotta go.

The bank has been given the go-ahead to foreclose on Victoria Gotti’s palatial estate on Long Island — the same used in the TV reality show “Growing Up Gotti” — saying she owes a whopping $650,000 in mortgage payments, according to court paper made public today.

Gotti’s lender, JP Morgan Chase, claims the daughter of the late Gambino crime family boss John “Dapper Don” Gotti — owes them the staggering amount after she failed to make payments for two years starting in September 2006, court records reveal.

The 46-year-old former reality TV star, who used to own the Old Westbury home along with her former husband Carmine Agnello, became the sole owner in 2005, according to court records.

The couple divorced in 2003, with the bank transferring the deed to the grandiose mansion and surrounding property over to Gotti.

The bank said in court records that the mafia princess owed them $25,000 a month — and that she never made all the payments.

via JP MORGAN CHASE FORECLOSES ON VICTORIA GOTTI’S HOUSE – New York Post.

There is a relationship between the Gotti family and the Gambinos that I do not understand.  I never really knew much about them other than they were related somehow to the mafia. I don’t know if this is accurate, but it is interesting:

Although it is difficult to put a dollar value on criminal interests, the Gambino crime family is certainly the richest and most powerful criminal organization in the United States today. Worth hundreds of millions of dollars, the family has a criminal workforce of at least 800 men, and its empire ranges from every borough of New York City to the green felt of Atlantic City and Las Vegas, to the heroin plants of Sicily and Asia, to stolen car outlets in Kuwait. Small wonder it has been labeled by one newspaper as Gambino, Inc. In his reign from 1957 to 1976 Carlo Gambino took a second-string crime family and built it into the Mafia’s jewel in the crown, far more wealthy than even the family originally ruled by Lucky Luciano, far more powerful than the Capone-descended Chicago Outfit. – link

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