Thursday, April 19, 2018

Son of mob boss 'Chin' Gigante free on costly $9.8M bond

A taste of freedom wasn't free for the son of late mob boss Vincent (Chin) Gigante. The former Genovese family leader’s namesake love child was released last week on a $9.8 million bond backed by $1 million cash and his mom’s Upper East Side townhouse.

Vincent Esposito, 50, was jailed immediately after his January arrest on charges linked to a long-running Mafia shakedown of local unions. He pleaded not guilty to the charges.
Esposito is now back living with his mother under house arrest inside her $8.3 million E. 77th St. townhouse, a home with a long mob history. His mother Olympia Esposito, the Chin’s longtime mistress, took ownership of the property in 1983 when mobbed-up executive Morris Levy transferred the building into her name for $16,000. Even then, the building was valued at $1 million. A search of the four-story home after Esposito’s arrest turned up $3.8 million in cash stuffed inside old ammunition boxes, sacks, shoe boxes and envelopes.
The building also came under FBI scrutiny in the 1980s as the feds pursued Gigante, considered the city’s most powerful mob boss.