November 20, 2020 – The nickname really fits, don’t you think? Philadelphia mob associate Anthony (Tony Mortgage) Ambrosino was sentenced to a year and a half in federal prison last week for, yep, you guessed it, a mortgage scam. His mortgage swindle netted him $300,000, all but $10,000 of which he’s being forced to return in restitution payments.

The 41-year old Staten Island, New York resident pleaded guilty back in the summer. He’ll report to begin serving his sentence in January. Gangland News’ Jerry Capeci, resident NYC mob chronicler and the dean of American true-crime journalism, reported on Ambrosino’s sentencing in his weekly column this week.

Ambrosino is a former Gambino crime family associate who has gravitated to the Bruno-Scarfo crime family in South Philly over the past few years. FBI surveillance units have observed him meeting with reputed Philly mob acting boss George (Georgie Boy) Borgesi on a number of occasions since 2017. His co-defendant in the mortgage fraud case is longtime Borgesi crew flim-flam man Stevie Sharkey, reportedly on the outs with Borgesi these days.

In the 2000s, Tony Mortgage acted as a driver and bodyguard for Gambino soldier, Salvatore (Sal the Pizza Man) Romano, a Wall Street wiz known for mastering the pump-and-dump scam. Romano flipped on his superiors in the Gambinos after he was indicted in a $100,000,000 pump-and-dump case. The Borgesi camp has strong connections to the Gambinos in New York and Florida, per sources.

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