Updated news on the Gambino, Genovese, Bonanno, Lucchese and Colombo Organized Crime Families of New York City.

Thursday, April 19, 2018

Bonanno mobster's Queens house hits market for $3M

This is some loanshark luxury living.
A month after Bonanno crime family big Ronald "Ronnie G" Giallanzo pleaded guilty to racketeering conspiracy, the Daily News has learned his mobbed up mansion — with a wine cellar, gym and pool — is on the market for almost $2.9 million.
Giallanzo must sell his palatial, five-bedroom, three-bathroom and two half-bathroom Howard Beach pad.
That's according to his deal with Brooklyn federal prosecutors, who said the acting capo was at the top of a long-running loansharking operation, which lent millions at sky-high interest rates.
The feds filed pictures of the once modest, low-slung house before Giallanzo tore it down and used his ill-gotten gains to erect his custom-built compound.
The three-year-old home with 6,500 square feet of living space was “a daily visual reminder to those in his neighborhood of (Giallanzo’s)wealth and power,” prosecutors said.
Listing pictures show off amenities like a “banquet size dining room” and a spacious kitchen. There's a classy-looking den stocked with top-shelf liquor and a workout spot with “only the strong survive” emblazoned on the wall.
And there's no need to sleep with the fishes at the Giallanzo estate. You can watch them and TV at the same time in a media room with a wide flat-screen television mounted above a large built-in fish tank.
The house also boasts “surveillance, fire and home alarm plus surround sound system,” the listing notes.
Giallanzo, 47, has two years to complete the sale, according to court papers. Proceeds from the sale go to Giallanzo's $1.25 million forfeiture requirement. But he could still face additional fines and restitution when he's sentenced in June.
During his guilty plea, Giallanzo admitted he extended and collected extortionate loans from five different people.
He's scheduled to be sentenced on June 29 and he faces up to 20 years in prison.
The home's listing agent declined to comment and Giallanzo's lawyer could not be reached for comment.



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