web analytics
October 30, 2014 / 6 Heshvan, 5775
At a Glance
News & Views
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



US Seizing Iran Owned NYC 36-Story Building

The U.S. can use the proceeds to compensate victims of Iranian-sponsored terrorism.
The building, at 650 Fifth Avenue, was built in the 1970s by a foundation linked to Shah Mohammad Reza Pahlavi.

The building, at 650 Fifth Avenue, was built in the 1970s by a foundation linked to Shah Mohammad Reza Pahlavi.

The Justice Department has conducted the biggest seizure of terrorism-related assets in its history, confiscating a 36-story office building in Manhattan from an Iranian straw company.

A district court ruled on Tuesday that the office building’s owners, the Alavi Foundation and Assa Corp., were “shielding and concealing Iranian assets” in violation of U.S. sanctions on Iran.

Manhattan U.S. Attorney Preet Bharara said in press release: “The Judge’s opinion upholds what was the contention of this office from outset: ‘Assa was (and is) a front for Bank Melli, and thus a front for the Government of Iran.’”

The building, at 650 Fifth Avenue, was built in the 1970s by a foundation linked to Shah Mohammad Reza Pahlavi. The Iranian government took over the building following the 1979 Islamic Revolution and since then it has been owned by a variety of banks and shell corporations, according to the Dept. of Justice.

The ruling allows the U.S. to seize bank accounts and other properties belonging to the building’s owner, and also, possibly, use the proceeds to compensate victims of Iranian-sponsored terrorism.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

10 Responses to “US Seizing Iran Owned NYC 36-Story Building”

  1. Lloyd Bergner says:

    It's a good beginning..let's continue

  2. Nice, some good news today…very nice!

  3. Anonymous says:

    How much is it worth, and who gets the $$? Who are the tenants?

  4. Anonymous says:

    How much is it worth, and who gets the $$? Who are the tenants?

  5. Mary Stone says:

    Well…it remains to be seen if the bank accounts are used to compensate victimsof Iranian-sponsored terrorism! Me…I rather doubt it. Oh…I'm all for the seizure of this building and the bank accounts…however as to where the money actually goes…"I'll believe it when I see it"

  6. Evelyn Munoz says:

    I agree with Bergner, we should do more of this, and if the money goes to a good cause tht is an added pleasure.

  7. Yechiel Baum says:

    THIS WAS ONLY DISCOVERED NOW?
    IRS is busy seeking at Jewish assets but those of criminals are at the bottom of their review or are they just stupid?

  8. Yechiel Baum says:

    THIS WAS ONLY DISCOVERED NOW?
    IRS is busy seeking at Jewish assets but those of criminals are at the bottom of their review or are they just stupid?

  9. Anonymous says:

    I DOUBT that the VICTIMS will ever get even a penny from this seizure. Of course I am a cynic by nature.

  10. Christopher Lee says:

    Great news. I am glad to see the US government doing this.

    Chris
    Owner Cel Financial Services
    IRS Registered Tax Return Preparer
    Registered bonded California CTEC Tax Preparer
    Please visit my website for all your Fillmore Income Tax needs.
    http://www.taxprepfillmore.com/

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Abbas and the Temple Mount: "It's mine, all mine. No Jews allowed.
Abbas Declares Closure of Al Aqsa Mosque a ‘Declaration of War’
Latest News Stories

A small caliber weapon was used to shoot at IDF troops patrolling along the border near Quneitra.

Abbas and the Temple Mount: "It's mine, all mine. No Jews allowed.

Abbas didn’t even condemn the shooting of Temple Mount activist Yehuda Glick.

Arab rioters threw firecrackers at Border Police in the Old City in Jerusalem Thursday and lightly wounded at least one tourist. Police arrested one Arab youth. Earlier in the day, Arabs hurled rocks at a bus in eastern Jerusalem. No property damage or injuries were reported, and one Arab was arrested. In the Jabel Mukaber […]

Yehudah Glick on the Temple Mount.

The Islamic Jihad was thrilled with the shooting of Temple Mount activist Yehuda Glick and said “he got what he deserved, the Mann reported. Daoud Shihab, Islamic Jihad spokesperson, told Ma’an that attempted murder of Glick, who is in critical condition as of this moment, was a “natural response” to defend Jerusalem” and the Al-Aqsa […]

A cartoonist has turned the tables on an attack cartoon against the PM published by the leftist daily Ha’aretz.

Rabbi Yehuda Glick’s condition has taken a turn for the worse. He needs prayers. Yehuda Yehoshua ben Rivka Itta Breindel.

The father and brother of the Islamic Jihad terrorist who allegedly shot Temple Mount activist Yehudah Glick were arrested Thursday in Silwan.

The “silent” intifada is roaring at the gates, Harriet, and threatening to bash the door in. It’s silent no more. Who’s really inciting terrorism?

Female tourist injured when struck by rocks thrown by Arabs at the Kotel.

Jerusalem Arabs are rioting near the home of the killed terrorist in the neighborhood of Abu Tor.

China has acquired $7 billion in Israeli assets in the past three years.

Alleged shooter of Yehuda Glick worked in the Begin Center restaurant.

PM Netanyahu blames PA Chairman Mahmoud Abbas for terror attack aimed at killing Temple Mount activist Yehudah Glick.

Disability rights foundation calls on US to denounce using name of a disability as a derogatory term.

Iran claims to have foiled a sabotage attack on tanks used to transport nuclear “heavy water.”

Sweden’s new prime minister-elect has recognized the so-called ‘state of Palestine,’ albeit illegal, without borders.

Printed from: http://www.jewishpress.com/news/breaking-news/us-seizing-iran-owned-nyc-36-story-building/2013/09/18/

Scan this QR code to visit this page online: