|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.|