09/17/2013

Feds seize NY skyscraper owned by Iran

Seizure and sale of the property is the government's largest-ever terrorism-related forfeiture

By James O’Toole
CNN.com

The U.S. government is set to seize a Manhattan skyscraper that prosecutors say is secretly owned and controlled by the Iranian government.

The 36-story tower is located on Fifth Avenue in the heart of New York City, adjacent to Rockefeller Center, and is home to a number of corporate tenants. Preet Bharara, the U.S. attorney in Manhattan, said Tuesday that the seizure and sale of the property would be the government's largest-ever terrorism-related forfeiture.

A federal judge authorized the seizure in a ruling this week, finding that the building's owners had violated federal money laundering laws and sanctions against Iran.

Full Story: U.S. to seize Manhattan skyscraper secretly owned by Iran

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