Kids of Murdered Financier Ted Ammon to Get $143K From Dad's Killer
UPPER EAST SIDE — The twin children of Ted Ammon, the Wall Street whiz murdered by the handyman lover of his estranged wife, are getting a little payback from their dad’s killer.
Siblings Greg and Alexa Ammon are expected to receive $143,000 from the foreclosure sale of contractor Daniel Pelosi's Long Island home, court papers show.
The amount is just a fraction of what Pelosi owes the 23-year-olds. The administrators of Ted Ammon’s estate obtained a $46.7 million wrongful death judgment against him in 2006 after he was convicted of fatally bludgeoning the Upper East Side financier.
Pelosi is serving 25 years to life in prison for the murder. Following his conviction in 2004, he stopped making mortgage payments on his Long Island home, the love nest he shared with Ted Ammon’s estranged wife after the killing.
The home was eventually seized by banks and sold in 2006, resulting in a $143,000 surplus.
In April a Suffolk County Court judge upheld a foreclosure referee’s decision to give all the money to Ted Ammon’s estate — despite other creditors lining up to claw back cash from Pelosi.
The handyman wanted the money to go to the four kids he has with his first and third wife. His lawyers also asked for a piece of the pie, to cover some of his legal bills.
Last week lawyer Gerard J. Sweeney, an administrator of Ammon’s estate, asked a Manhattan Surrogate’s Court judge to approve the disbursement of the $143,000 to the twins.
Ted Ammon made tens of millions of dollars during his career as an investment banker and was chairman of Jazz at Lincoln Center. He was 52 and in the process of divorcing his wife, Generosa, when he was murdered on Oct. 20, 2001.
Generosa and Pelosi had been having an affair and eloped three months after Ammon’s killing. The marriage was short-lived. She was diagnosed with breast cancer and died on Aug. 22, 2003.
Greg and Alexa Ammon are the beneficiaries of their parents' estates. After their parents’ deaths, the twins were raised by an aunt in Alabama. Last year they debuted a documentary they made about their dad's murder.
Neither twin responded to a request for comment.