The Chicago Syndicate: Victoria Gotti Makes Feds an Offer They Can't Refuse to Save Mansion from Foreclosure

Sunday, June 07, 2009

Victoria Gotti Makes Feds an Offer They Can't Refuse to Save Mansion from Foreclosure

It looks like Victoria Gotti is staying put.

In a move that would have made her late father John Gotti proud, the Mafia princess cut a deal with the feds that will save her Long Island mansion from foreclosure.

Gotti, 46, even appears to have out-maneuvered her elderly former mother-in-law.

The Gambino glamour girl will pay an undisclosed sum for 11 commercial properties that were once owned by her ex-con ex-husband, Carmine Agnello.

Agnello's mother was demanding $4 million for three of properties even though they had been appraised - even before the recession - at only $2 million.

Assistant U.S. Attorney Edward Newman strongly suggested Wednesday those parcels might be forefeited to the government if it turns out Angello is the real owner. "There are substantial curiosities in the history of those properties...somebody needs to be put under oath," Newman said in Brooklyn Federal Court.

The announcement of a deal caps years of litigation by the feds to collect a $10 million judgment against Agnello, who pleaded guilty to racketeering in 2001.

Agnello, who got out of prison earlier this year, still owes the feds about $7 million, and they slapped liens on his property.

Under the deal with Gotti, the government will release the liens, allowing her to sell the property and pay off a $700,000 mortgage on her Old Westbury mansion - the setting for the reality show "Growing Up Gotti."

Gotti was not in court and did not respond to requests for comment.

Thanks to John Marzulli

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