Victoria Gotti stops foreclosure on Old Westbury mansion
Taking a page out of her late father’s playbook, Victoria Gotti has found a way out of trouble … albeit a very different kind of trouble. The daughter of the notorious Gambino crime family boss, John Gotti, was facing foreclosure on her six-bedroom Long Island mansion in Old Westbury, N.Y., which was the setting for Growing [...]
Taking a page out of her late father’s playbook, Victoria Gotti has found a way out of trouble … albeit a very different kind of trouble.
The daughter of the notorious Gambino crime family boss, John Gotti, was facing foreclosure on her six-bedroom Long Island mansion in Old Westbury, N.Y., which was the setting for Growing Up Gotti” — a popular reality series that aired on A&E.
She owed her lender, JP Morgan Chase, about $650,000 and had not paid her mortgage in more than two years, citing financial turmoil that stemmed from divorcing ex-husband Carmine Agnello. That should perhaps come as no surprise, considering Agnello still owes the federal government about $7 million as the result of a racketeering judgment against him back in 2001.
So Gotti and government officials recently struck a deal under which she would purchase 11 commercial properties that were were once owned by Agnello, according to the New York Daily News. She will now be responsible for selling the properties to pay off the outstanding balance on her mortgage, as well as help satisfy Agnello’s debt.
This latest development is hopefully the final chapter in a foreclosure-related story that dates back to 2005.
