The Largest Terrorism-Related Civil Forfeiture in U.S. History

2017/06/29 – Manhattan Skyscraper Linked to Iran Can Be Seized by U.S., Jury Finds – NY Times

The jury, which deliberated for one day after a month of testimony, found that the Alavi Foundation, which owns 60 percent of the 36-floor skyscraper at 650 Fifth Avenue, violated United States sanctions against Iran and engaged in money laundering through its partnership with Assa Corporation, a shell company for an Iranian state-controlled bank that had owned the remaining 40 percent.


The government has agreed to distribute proceeds from the building’s sale, which could bring as much as $1 billion, to the families of victims of terrorism, including the Sept. 11 attacks, where Iran has been found to have had some culpability.

Good.

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