Wall Street Journal MarketWatch
Sept. 18, 2013
U.S. prosecutors have won a judge’s approval to seize a 36-story skyscraper on 5th Avenue in New York that is owned by the Iranian government.
U.S. Attorney for the Southern District of New York, Preet Bharara, said in a press release the building would be the “largest-ever terrorism-related forfeiture.”
U.S. District Judge Katherine Forrest granted summary judgment in the case seeking forfeiture of the building for violations of Iranian transaction regulations and money laundering offenses.