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

The government says the home was bought with dirty money

New York Weekend Edition /
Feb.February 05, 2017 04:30 PM

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

arrow_forward_ios
Valerie Dillon and Arthur Becker with 465 Washington
After battle with Becker, gallery owner sells Tribeca pad
After battle with Becker, gallery owner sells Tribeca pad
Illustration of Loews Corporation's Jonathan Tisch and Taubman Centers’ Robert Taubman (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images)
Tisch, other Hamptons billionaires shamed by water authority
Tisch, other Hamptons billionaires shamed by water authority
Corcoran's Tim Davis with 1116 Meadow Lane (Tim Davis Hamptons)
Estate trades for $48M on Meadow Lane — $9M above ask
Estate trades for $48M on Meadow Lane — $9M above ask
Housing, Collapse
Housing starts collapse under inflation, high rates
Housing starts collapse under inflation, high rates
Blend Labs ceo Nima Ghamsari (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Blend)
Digital mortgage firm Blend loses $478M, sheds more of workforce
Digital mortgage firm Blend loses $478M, sheds more of workforce
(Illustration by Kevin Rebong for The Real Deal with Getty)
Mortgage demand drops to turn-of-the-century levels
Mortgage demand drops to turn-of-the-century levels
From left: Lee Mintz, Eugene Litvak, Phillip Salem and Compass CEO Robert Reffkin (Compass, Lee Mintz, Getty)
Compass agents defend company against taunts of “financial negligence”
Compass agents defend company against taunts of “financial negligence”
Wells Fargo CEO Charles Scharf (Getty Images)
Wells Fargo backing off mortgage market
Wells Fargo backing off mortgage market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...