US Attorney’s office to seize mobster’s Howard Beach home

The government says the home was bought with dirty money

Feb.February 05, 2017 04:30 PM
164-04 86th Street, Howard Beach and Ronald Giallanzo

164-04 86th Street, Howard Beach and Ronald Giallanzo

The US Attorney’s office wants to seize the Howard Beach home of a Bonanno crime family member. Alleged mobster Ronald Giallanzo was recently released from a year-long prison sentence only to face foreclosure.

Giallanzo, spent 17 years in the crime family and made millions managing illegal online sports betting rings, the US Attorney’s Office said in the Brooklyn Federal Court legal filing cited by the New York Post. The US Attorney’s office is now claiming that his 3,500-square-foot house was purchased with dirty money.

Although the home is technically owned by Giallanzo’s wife, Elizabeth, he allegedly used his ill-gotten gains to “purchase, construct and renovate” the 86th Street property. That means that government is entitled to seize it under criminal forfeiture laws.

Giallanzo was recently in legal trouble once again for meeting up with old mobster friends at a Staten Island Christmas party, violating his supervised release. [NYP]Christopher Cameron

Related Articles

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

Racial inequality in homeownership across US is sharpest in New York: report

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore